monetary-policy
Top StoriesSwiss National Bank’s Jordan Says Central Bank Independence Vital to Fight Inflation
Top StoriesIMF Urges UK to Align Fiscal Policy With BoE Inflation Goals
Top StoriesECB’s Lane Says Rate Hikes May Hit Harder Than Bond Unwind
Top StoriesSwiss National Bank Cuts Overnight Deposits by 30 Billion Francs
ECB’s Knot Says Inflation Warnings Not yet Priced In
Date: October 10, 2022
AMSTERDAM (Reuters) -European Central Bank (ECB) governing council member Klaas Knot said on Monday that markets seem to be underestimating the risk that inflation will be higher than models are predicting. Knot said there is a significant chance inflation in 2024 will be higher than the 2.3% the ECB has guided for, but that markets...
ECB’s Centeno Warns of Possible Policy Overreactions
Date: October 10, 2022
By Sergio Goncalves LISBON (Reuters) – The European Central Bank (ECB) should avoid overreactions that could lead to a loss of credibility and must gradually normalise its monetary policy after a long period of ultra-low interest rates, ECB policymaker Mario Centeno said on Monday. The ECB raised its main interest rate by a record 75...
ECB Engaged in Bringing Down Inflation to 2% in Two to Three Years From Now – Villeroy
Date: October 10, 2022
PARIS (Reuters) -The European Central Bank (ECB) is engaged in bringing down inflation to 2% percent in “two to three years” from now, ECB member and Bank of France head Francois Villeroy de Galhau told France Culture radio on Monday. He reiterated that “close to 2%” was still the right target monetary policymakers at the...
Euro Zone Demand Surge Playing Increasing Role in Excessive Inflation: ECB
Date: October 7, 2022
FRANKFURT (Reuters) – Surging consumer demand across the euro zone is playing an increasing role in excessive inflation, a European Central Bank study showed on Friday, suggesting that – as some policymakers have feared – price pressures are becoming more entrenched. Inflation, running at a record high of 10%, was initially driven by surging energy...
Chipmakers Weigh on European Shares; Focus on U.S. Jobs Data
Date: October 7, 2022
By Devik Jain (Reuters) -European shares slipped on Friday, led by semiconductor firms after weak earnings and forecasts from Samsung and Advanced Micro Devices, while recession fears lingered amid signs that central banks would remain aggressive with policy tightening. The continent-wide STOXX 600 index was down 0.3%, as of 0800 GMT, in line with a...
IMF’s Georgieva Sees ‘darkening’ Outlook for Global Economy, Rising Recession Risks
Date: October 6, 2022
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund will next week downgrade its forecast for 2.9% global growth in 2023, Managing Director Kristalina Georgieva said on Thursday, citing rising risks of recession and financial instability. Georgieva said the outlook for the global economy was “darkening” given the shocks caused by the COVID-19 pandemic, Russia’s...