monetary-policy
Top StoriesBanks Lift European Bourses as Rate Hike, Recession Fears Grow
Top StoriesTraders Ramp up Bets on 75 Basis-Point ECB Sept Hike, Bond Yields Jump
Top StoriesECB Should Raise Rates at Steady Pace, Chief Economist Says
Top StoriesPain of Breaking Inflation Will Reverberate Around the Globe
Dollar Dips Ahead of Powell Speech
Date: August 26, 2022
By Iain Withers LONDON (Reuters) – The dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Chair Jerome Powell’s widely-anticipated speech at the Jackson Hole symposium. Traders are looking for clues on the U.S. central bank’s tightening plans to combat rampant inflation when Powell speaks at 1400 GMT. The dollar index...
Hungary Cenbank Seen Hiking 100 Bps to 11.75% Next Week as Inflation Surges
Date: August 26, 2022
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation keeps rising due to surging energy prices and a weak forint. The National Bank of Hungary (NBH), which became the firstcentral...
European Stocks Slip on Dour German Sentiment Survey Ahead of Powell Speech
Date: August 26, 2022
By Anisha Sircar (Reuters) -European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to rising energy costs and the path for U.S. interest rate hikes ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. The pan-European STOXX 600 dipped 0.1% in choppy trade, after rising at the...
Decision to End ECB Reinvestments Takes Back Seat to Rate Hikes, Sources Say
Date: August 26, 2022
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cash maturing in its 3.3 trillion euro ($3.3 trillion) Asset Purchase Programme, but a decision is not urgent and is unlikely to be taken next month, sources close to the discussion said on Thursday. Facing...
Dollar Edges Lower as Investors Wait on Fed’s Powell
Date: August 25, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar index and the euro both slipped on Thursday in choppy trading as investors waited on a speech by Federal Reserve Chairman Jerome Powell on Friday for further clues about the ongoing pace of the U.S. central bank’s rate hikes. Investors are tossing up between the likelihood...
Turkey’s Economy Expanded 7.5% in Q2, Seen Slowing in H2 – Reuters Poll
Date: August 24, 2022
By Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s economy expanded 7.5% annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast stood at 4%, pointing a drop in economic activity in the second half of the year reflecting weaker demand conditions. The economy expanded 7.3% year-on-year in...