monetary-policy
Top StoriesBank of England ‘will Not Hesitate’ to Act as It Monitors Market Turmoil
Top StoriesAnalysis-After Feverish Week, Global Investors Lick Wounds and Brace for More Chaos
Top StoriesHungary Central Bank Seen Hiking Rate by 100 Bps to 12.75% – Reuters Poll
Top StoriesEuro Zone Likely Entering Recession as Price Rises Hit Demand -PMI
Yen Rallies After Japan Intervenes With First Support Since 1998
Date: September 22, 2022
By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998, although analysts said Japan may struggle to keep the yen strong. The dollar was last down...
Japan Intervenes to Stop Yen Slide, After BOJ Holds Rates Super Low
Date: September 22, 2022
By Leika Kihara and Daniel Leussink TOKYO (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with ultra-low interest rates. The move, which occurred in late Asia hours, saw...
Central Banks Raise Rates Again as Fed Drives Global Inflation Fight
Date: September 22, 2022
By Francesco Canepa and Howard Schneider FRANKFURT/WASHINGTON (Reuters) – Global central banks continued raising interest rates on Thursday, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished...
Euro Zone Inflation Broadening and Will Continue to Rise, ECB’s Schnabel Says
Date: September 22, 2022
LUXEMBOURG (Reuters) – Euro zone inflation is set to go higher and price growth is likely to be more persistent than earlier thought, European Central Bank board member Isabel Schnabel said on Thursday, defending the ECB’s plans to raise interest rates further. The ECB has lifted rates by a combined 125 basis points over its...
Analysis-Race to Rein in Strong Dollar Is on After Japan Intervenes
Date: September 22, 2022
By Tommy Wilkes and Nell Mackenzie LONDON (Reuters) – The Bank of Japan’s intervention to prop up a freefalling yen has currency investors speculating about which central bank could move next in the face of a soaring dollar. Few think another G7 central bank would be bold enough to intervene directly as Japan did on...
Bank of England Raises Rates to 2.25%, Despite Likely Recession
Date: September 22, 2022
By David Milliken and Farouq Suleiman LONDON (Reuters) – The Bank of England raised its key interest rate by half a percentage point to 2.25% on Thursday and said it would continue to “respond forcefully” to inflation as needed, even though the British economy is probably in a shallow recession already. The central bank cut...