monetary-policy
Top StoriesBig Fall in Euro Zone Inflation Offers Little Help for ECB
Top StoriesAsian Stocks Edge up Before U.S. Jobs Data, Defying Wall Street Selloff
InvestingStocks Sag as Hawkish Fed Cools China Rally; Awaits US Jobs Data
InvestingEuropean Shares Dip as Media Stocks Slide, Fed Worries Resurface
Polish Central Bank Head Says Interest Rates Could Be Cut at End of 2023
Date: January 5, 2023
By Anna Koper WARSAW (Reuters) – Polish interest rates could be cut at the end of 2023, the central bank governor said on Thursday, after policymakers decided to leave the cost of borrowing unchanged as they observe the effects of rate hikes implemented so far. With the main interest rate staying at 6.75% for a...
UK Public’s Inflation Expectations Fell in December: Citi/YouGov
Date: January 4, 2023
LONDON (Reuters) – The British public’s expectations for future inflation fell last month, according to a survey from Citi and YouGov which the U.S. bank said showed a reduced risk that a recent 41-year high in inflation would become entrenched. The BoE closely watches surveys of households’ inflation expectations, as it believes they can offer...
Sterling Rises Against Weakening Dollar, Slightly up Versus Euro
Date: January 4, 2023
By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar and was slightly higher versus the euro as a relaxation of COVID rules in China sent investors bidding for risky currencies. Chinese state media played down the severity of a surge of COVID-19 infections on Tuesday, triggering hopes that a post-pandemic recovery in China...
Euro Zone Recession May Not Be as Deep as Expected -PMI
Date: January 4, 2023
LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge...
Dollar Jumps, Euro Dips Before Fed Minutes
Date: January 3, 2023
By Karen Brettell NEW YORK (Reuters) – The greenback jumped on Tuesday before the Federal Reserve on Wednesday releases minutes from its December meeting, while the euro was dented by moderating inflation data. The U.S. central bank slowed its pace of interest rate hikes to 50 basis points last month after delivering four consecutive 75-basis...
Swiss National Bank Steps up Forex Sales During Q3
Date: December 30, 2022
ZURICH (Reuters) – The Swiss National Bank increased its forex sales to 739 million Swiss francs ($799.35 million) during the third quarter of 2022, the central bank said on Friday, showing how its focus has switched from stemming the safe-haven currency’s strength to fighting inflation. The figure was an acceleration from the 5 million francs...