monetary-policy
Top StoriesJapan Unveils $200 Billion in New Spending to Ease Inflation Pain
BankingLagarde Comments at ECB Press Conference
BankingECB Raises Interest Rates Again, Cuts Bank Subsidies
BankingECB Gets Rid of Subsidy on Bank Loans to Mop up Cash
European Stocks Cut Losses as ECB Hikes Rate as Expected
Date: October 27, 2022
By Sruthi Shankar and Ankika Biswas (Reuters) – European stocks pared losses on Thursday after the European Central Bank raised interest rates by 75 basis points, matching market expectations, and signalled the need for more hikes to bring down record-high inflation. The euro zone stocks index was down 0.5% following the announcement, having shed as...
Statement From the ECB Following Policy Meeting
Date: October 27, 2022
FRANKFURT, Oct 27 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in withdrawing monetary...
Strictly Come Inflation: The Fed, ECB and BoE’s Delicate Dance
Date: October 26, 2022
By David Storm, Chief Investment Officer at RBC Wealth Management The strain on financial markets caused by rate hikes – Should central banks slow down? Central banks are playing catch up with inflation and when you do anything at high speed, the potential for accidents increases. Financial markets have also been racing to catch up,...
Bank of England to Hike by 75 Bps on Nov. 3 but May Go Bigger – Reuters Poll
Date: October 25, 2022
By Jonathan Cable LONDON (Reuters) – Whether the Bank of England delivers a 75-basis-point increase in interest rates on Nov. 3 or goes for an even bigger lift to tamp down double-digit inflation is a close call among economists polled by Reuters over the past week. Rising borrowing costs are part of a cost of...
Swiss Sight Deposit Levels Fall Near Central Bank’s Goal
Date: October 24, 2022
ZURICH (Reuters) – Cash held by commercial banks overnight with the Swiss National Bank (SNB) fell by another hefty chunk last week, data showed on Monday, with the central bank close to its goal of mopping up excess liquidity. Total sight deposits fell to 597.641 billion Swiss francs ($596.27 billion) from 619.77 billion francs in...
No Messing Around With Red-Hot Inflation: Five Questions for the ECB
Date: October 24, 2022
By Dhara Ranasinghe, Stefano Rebaudo and Kripa Jayaram LONDON (Reuters) – The European Central Bank meets on Thursday and appears in no mood to slow the pace of aggressive interest rate hikes given red-hot inflation — even as the economic outlook darkens. It has jacked up rates by a total 125 basis points (bps) since...