monetary-policy
TradingDollar Climbs as Traders Eye Central Bankers
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Top StoriesDollar Climbs Ahead of Busy Week for Central Banks
Bank of England Poised to Raise Rates by Most in 33 Years
Date: October 28, 2022
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak. As well as raising interest rates on Thursday for an eighth meeting...
Japan Unveils $200 Billion in New Spending to Ease Inflation Pain
Date: October 28, 2022
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan said on Friday it would spend $200 billion on an economic stimulus package meant to tame inflation and cushion the economic blow from rising raw material costs. The government’s announcement came hours after the central kept interest rates ultra-low, a double-barrelled signal that Tokyo will continue...
French Economy Ekes Out Meagre Growth in Q3, Inflation Hits Record High
Date: October 28, 2022
By Richard Lough PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds looming in the final quarter of the year. France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the...
Sterling Recovery Stalls, Still Set for Third Straight Weekly Gain
Date: October 28, 2022
By Samuel Indyk LONDON (Reuters) – The British pound slid against the dollar on Friday but was still set for its third consecutive weekly gain, its longest positive streak since February. After hitting a record low against the dollar of $1.0327 in September, the pound has staged a recovery after the formation of a new...
Tech Wipeout Woes Offset Central Bank Pivot Hopes
Date: October 28, 2022
By Marc Jones LONDON (Reuters) – World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the U.S. economy is not in recession. European shares and Wall Street futures...
Bank of England Poised to Raise Rates by Most in 33 Years
Date: October 28, 2022
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak. As well as raising interest rates on Thursday for an eighth meeting...