monetary-policy
Top StoriesBoE’s Bailey Says Rate-Setters Can Put Inflation Before Bank Worries
Top StoriesMarketmind: Banks Are Leaking Money
Top StoriesStocks Up, Bond Yields Fall as Markets Mull a Fed Policy Pause
Top StoriesCentral Banks Keep Hiking Rates Amid Banking Turmoil
Swiss National Bank Raises Rates, Says Bank Crisis Stopped
Date: March 23, 2023
By John Revill ZURICH (Reuters) -The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and declared that measures to support Credit Suisse had “put a halt to the crisis”. The central bank said that additional rate rises could not be ruled out and that it was willing to be...
Oil up 2% as Dollar Weakens on Small US Fed Rate Hike
Date: March 22, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing future increases. Brent crude futures rose $1.37, or 1.8%,...
Jittery Markets Attempt Risk-On Rally While Waiting for Powell
Date: March 22, 2023
A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on rally. Comments from U.S. Treasury Secretary Janet Yellen, who told bankers that she was prepared to intervene to protect...
Global Shares Jump but Bank ‘whack-A-Mole’ Not Over
Date: March 21, 2023
By Koh Gui Qing NEW YORK (Reuters) – Global shares jumped on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetites, although financial system uncertainties limited buying as investors awaited the outcome of a key Federal Reserve meeting. The Fed began a two-day meeting earlier on Tuesday and,...
Dollar Pauses for Breath as Fed Swings Into Focus
Date: March 21, 2023
By Rae Wee SINGAPORE (Reuters) – The dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift far from five-week lows as traders reckoned banking stress would keep the Federal Reserve from hiking rates much further, or at all, later in the week. The greenback ticked about 0.1% higher to $1.0712...
Sterling Rises as Receding Bank Sector Worries Lift Sentiment
Date: March 17, 2023
LONDON (Reuters) – Sterling rose against the dollar on Friday, after a series of lifelines for struggling banks helped restore some investor confidence, trouncing this week’s spring budget as a catalyst for the pound. By 1014 GMT, the pound was up 0.2% against the dollar, at $1.213, and 0.1% lower against the euro, at 87.790...