monetary-policy
Top StoriesBoE’s Haskel Flags Importance of Independent Budget Forecasts
Top StoriesBank of England Says It Will Unwind Bond Market Intervention Once Risks Have Subsided
Top StoriesEurope’s Stoxx 600 Rises Ahead of Key Data, ECB Minutes
Top StoriesPolish Central Bank Holds Rates, Points to Slowdown Ahead
Euro Zone Bond Yields Rise, Focus on Economic Data
Date: October 5, 2022
By Stefano Rebaudo (Reuters) – Euro zone government bond yields rose on Wednesday, but stayed well below multi-year highs, as concerns about systemic risks and economic slowdown led investors to lower bets on where interest rates might peak. But the prospect of less aggressive monetary policy is likely to fade if inflation keeps surprising on...
European Shares Retreat on Recession Fears; Focus on U.S. Jobs Data
Date: October 5, 2022
By Devik Jain (Reuters) -European shares fell on Wednesday, snapping a three-day rally after data showed euro zone was unlikely to avoid a recession, with investor focus on U.S. labour market report for clues on further rate hikes by the Federal Reserve. The pan-European STOXX 600 index was down 0.95% by 0824 GMT, after rallying...
Wall Street Surges for Second Day as Bonds, Oil Enjoy Rebound
Date: October 4, 2022
By Amanda Cooper and Pete Schroeder WASHINGTON/LONDON (Reuters) -U.S. stocks surged for a second straight day, while bond and oil prices also trended upward, buoyed by a burgeoning belief among investors that central banks may be closer to easing up on their fight against inflation. A weaker read of U.S. manufacturing data for September, coupled...
Swiss Central Bank Steps up Policy Tightening as Sight Deposits Drop $78 Billion
Date: October 3, 2022
By John Revill ZURICH (Reuters) – Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign of the central bank’s switch to a more restrictive monetary policy. Sight deposits – commercial bank money held by the SNB – dropped...
Euro Zone Eyes Temporary, Targeted Energy Support Amid High Inflation
Date: October 3, 2022
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said. The ministers, meeting in Luxembourg for regular monthly talks,...
World Factory Activity Weakens on Global Slowdown, Cost Pressures
Date: October 3, 2022
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects. The data clouds the outlook for a sustained recovery from the COVID-19 pandemic and could add to...