monetary-policy
BankingInflation Fighting Central Bankers Air Climate Role Doubts
Top StoriesAnalysis-Central Europe’s Path to Lower Inflation Strewn With Hazards
TradingDollar Stabilises Near Seven-Month Lows
InvestingEuropean Shares Slip as Rate Hike Nerves Crimp Rally
BoE’s Pill Sees Risk of Persistent Inflation, Even if Gas Prices Fall
Date: January 9, 2023
By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Monday that Britain is at risk of persistent inflationary pressure from a tight labour market, even if natural gas prices stabilise or fall, implying further rate rises may be needed. Pill’s speech – the first on monetary policy this year by...
Global Stocks Rally to Near 4-week Highs, Oil Rises on Hopes of ‘soft Landing’
Date: January 9, 2023
By David Randall NEW YORK (Reuters) – World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve. The gains were broad across equity markets, with Europe’s STOXX 600 near a...
European Shares Rise on China Reopening, Rate Hike Optimism
Date: January 9, 2023
By Bansari Mayur Kamdar (Reuters) -European shares rose on Monday, extending the year’s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by major global central banks. The pan-European STOXX 600 gained 0.5% by 0923 GMT. The index clocked its best weekly...
Swiss National Bank Posts Record $143 Billion Loss in 2022
Date: January 9, 2023
ZURICH(Reuters) – The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history. The central bank plunged into the red as falling stock and fixed-income markets hit the value of its share and bond portfolio, while the appreciation...
Dollar Tentative as Investors Assess Rate-Hike Path
Date: January 9, 2023
SINGAPORE (Reuters) – The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes. Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3% rise in average...
ECB’s Centeno Says Interest Rate Close to Peaking if No New Shocks
Date: January 6, 2023
LISBON (Reuters) – The European Central Bank’s key interest rates should soon hit their peak amid efforts to bring down inflation, unless new external shocks emerge, ECB Governing Council member Mario Centeno said on Friday. He told a conference that interest rates will rise until the ECB thinks inflation can be brought down to its...