monetary-policy
Top StoriesOil Prices Stable, Heading for Weekly Gain
Top StoriesEuro Zone Recovery Gathers Pace, Allays Fears of recession-PMI
Top StoriesMorgan Stanley, Others Now Forecast 4% Peak for Key ECB Rate
FinanceRising Neutral Rates: What Is Happening, and Why Does It Matter?
Swiss Government Says It Expects Economic Slowdown but No Recession
Date: February 28, 2023
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the...
Oil Gains as Russian Supply Cuts Temper Concerns Over Rate Hikes, High Stocks
Date: February 24, 2023
By Andrew Hayley BEIJING (Reuters) -Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 67 cents, or 0.8%, to $82.88 per barrel by 0415 GMT. West Texas Intermediate crude futures (WTI) rose 61 cents, or...
UK Economy’s Unexpected Bounce Spurs More BoE Rate Hike Talk
Date: February 21, 2023
By Andy Bruce LONDON (Reuters) -Britain looks on course to sidestep a long recession after a survey showed a surprise return to growth by businesses this month, raising the likelihood of another Bank of England interest rate hike in March. The preliminary “flash” reading of the S&P Global/CIPS UK Composite Purchasing Managers’ Index (PMI) jumped...
Dollar Edges Down From Six-Week Peak, Swedish Crown Jumps
Date: February 20, 2023
By Samuel Indyk LONDON (Reuters) – The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve. The U.S. dollar index, which measures the dollar against six other major currencies, slipped 0.2% to 103.81. It is...
Dollar Buoyant as Robust U.S. Data Keep Fed Hawks in Control
Date: February 20, 2023
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United States that traders bet will keep the Federal Reserve on its monetary policy tightening path for longer than initially expected. The greenback advanced broadly in early Asia trade,...
Hawkish ECB Comments Push up Rate-Hike Expectations
Date: February 17, 2023
By Leigh Thomas and Francesco Canepa PARIS/FRANKFURT (Reuters) – European Central Bank interest rates still have some way to rise, two influential policymakers said on Friday, pushing up market pricing for the peak rate and helping to unwind benign expectations after the last policy meeting. ECB board member Isabel Schnabel and French central bank chief...