monetary-policy
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BoE Says Report of Another Delay of Its Bond Sales Is ‘inaccurate’
Date: October 18, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) -The Bank of England said on Tuesday it had not decided to delay again the start of its sales of government bonds after the Financial Times reported that another postponement was likely because of the recent turmoil in British markets. The newspaper said the BoE was likely...
UK Gilt Yields Rise as BoE Pooh-Poohs Report of Delay to Bond Sales
Date: October 18, 2022
LONDON (Reuters) – British government bond yields rose after the Bank of England said it had not decided to delay the start of its “quantitative tightening” sales of gilts again, labelling a Financial Times report that said such a move was likely as inaccurate. The 10-year gilt yield shot up by as much as 9...
Oil Steady as Positive Chinese Signals Counter Recession Fears
Date: October 17, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices held steady on Monday in choppy trading as China’s continuation of loose monetary policy offset fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures were down 2 cents, or 0.02%, to $91.67 a barrel by 11:37 a.m. EDT (1537 GMT),...
Goldman Sachs Sees Deeper UK Recession After Tax U-Turn
Date: October 17, 2022
(Reuters) -Goldman Sachs has downgraded Britain’s economic outlook and warned of a deeper recession next year after Prime Minister Liz Truss last week removed Kwasi Kwarteng as chancellor and scrapped parts of their unpopular economic package. The Wall Street bank revised its 2023 UK economic output forecast to a 1% contraction from an earlier forecast...
Analysis-G7 Fails to Reach Intervention Deal to Ease Pain of Soaring Dollar
Date: October 17, 2022
By Leika Kihara WASHINGTON (Reuters) – Japan and other countries facing the fallout from a soaring U.S. dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention along the lines of the 1985 “Plaza Accord” was on the horizon. With a strong push from Japan, finance leaders...
Euro Zone Bond Yields Fall as ECB Policymaker Flags Recession Risk, Gilts Eyed
Date: October 14, 2022
By Stefano Rebaudo (Reuters) -Euro zone bond yields fell on Friday after a European Central Bank (ECB) policymaker flagged recession risks and investors grew wary of pricing in more aggressive monetary tightening. The ECB is prepared for a possible technical recession paired with high inflation, Vice-President Luis de Guindos said. Investors will also focus on...