monetary-policy
Top StoriesDollar Flat as Investors Digest China’s Loosening of Covid Rules
Top StoriesDollar Slips as Investors Take Heart From Looser China Covid Rules
Top StoriesRussia Could Hike Rates in 2023 if Inflation Risks Have Big Impact -Cenbank
Top StoriesDutch Governor Knot Signals ECB Will Keep Raising Rates in Months Ahead- Ft
Sterling Falls to Lowest Since mid-November Versus Euro After Data
Date: December 22, 2022
By Stefano Rebaudo (Reuters) – Sterling fell to its lowest since mid-November against the euro and rose against a weakening dollar after data showed the British economy contracted slightly more than expected. Economic output fell by 0.3% during the July-September quarter, compared with a previous estimate of 0.2%. Analysts see mainly downside risks for the...
Capital Markets Stuck in ‘no Man’s Land’ as Bankers Miss Out on Fees
Date: December 21, 2022
By Pablo Mayo Cerqueiro and Echo Wang LONDON/NEW YORK (Reuters) -Investment bankers are bracing for another tough year ahead after losing out on lucrative fees from arranging initial public offerings (IPOs) and other share sales, as questions around monetary policy and a looming recession dampen hopes for a near-term rebound. Banks have executed $517 billion...
Yen Gains on Potential Japan Govt Move for More Flexible Inflation Target
Date: December 19, 2022
By Rae Wee SINGAPORE (Reuters) – The yen climbed on Monday on news that the Japanese government could soon revise a joint statement with the Bank of Japan (BOJ) over the latter’s inflation target, potentially paving the way for a tweak in the BOJ’s ultra-loose monetary policy. The yen was last 0.4% stronger at 136.19...
Bank of England Raises Rates to 3.5%, Says Inflation Has Peaked
Date: December 16, 2022
(This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON (Reuters) – The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase – and its eighth this year. The BoE, which...
No Santa Rally for Markets as Central Banks Dampen Peak Rate Hopes
Date: December 16, 2022
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Forget a year-end rally in financial markets. The message from major central banks is loud and clear: the battle to tame inflation is far from over. Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace...
Marketmind: Hawk-Eyed
Date: December 16, 2022
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, after a central bank bonanza this week (that’s seven central banks on Thursday and the Fed on Wednesday, for those counting) made it clear that interest rates will go up in 2023...