monetary-policy
Top StoriesBoE Raises Rates Again as Investors Look Towards End of Hikes
Top StoriesSwiss National Bank Says Inflation Battle Not yet Won
Top StoriesSwiss National Bank Chairman Welcomes New Credit Suisse Strategy
Top StoriesSwiss Gov’t Expects Economic Slowdown in 2023 but No Recession
London Stocks Slip Ahead of Key Interest Rate Decisions
Date: December 12, 2022
By Johann M Cherian and Shristi Achar A (Reuters) – British shares closed lower on Monday, with investors treading cautiously ahead of interest rate decisions this week, while shares of Home REIT hit record low after a short-seller questioned its financial status. The blue-chip FTSE 100 slipped 0.4% to mark its weakest close in nearly...
ECB to Raise Scrutiny of Banks’ Credit Risk, Funding in 2023 as Recession Looms
Date: December 12, 2022
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the euro zone heads into a likely recession and faces soaring borrowing costs. The 19-country currency bloc is facing the double whammy of sky-high inflation and...
Dollar to Rebound, Accumulate Safe-Haven Strength in 2023: Reuters Poll
Date: December 7, 2022
By Indradip Ghosh BENGALURU (Reuters) – The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere keeping it firm in 2023 through safe-haven flows, according to market strategists polled by Reuters. While most said there was not much scope for further dollar upside...
Shares Slip, Yields Rise as U.S. Data Sparks Rate Hike Concerns
Date: December 5, 2022
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Global stocks slid and Treasury yields rose on Monday as investors ignored an easing of China’s pandemic restrictions that have weighed on global growth after fresh evidence of a strong U.S. economy raised fears interest rates will stay higher for longer. U.S. services industry activity unexpectedly...
Sterling Slips as Boost From New China Covid Rules Fades
Date: December 5, 2022
By Amanda Cooper LONDON (Reuters) – The pound slid on Monday, as an initial jolt of investor enthusiasm over signs of possible loosening in COVID restrictions in China faded, and sterling still held within sight of five-month highs against the dollar. The dollar started out the day on the backfoot, after China prepared to unveil...
ECB’s Makhlouf Expects 50 Bps Rate Hike in December
Date: December 5, 2022
(Corrects first paragraph to say rates ‘may have to move into restrictive territory’, not ‘would have to’) By Padraic Halpin DUBLIN (Reuters) – The European Central Bank is likely to raise interest rates by 50 basis points (bps) in its December meeting, governing council member Gabriel Makhlouf said, while stressing that the rates may have...