monetary-policy
Top StoriesBank of England Sets Out Plans to Sell $23 Billion Corporate Bond Stockpile
Top StoriesAs ECB Mulls Another Big Hike, Schnabel Says Inflation Outlook Hasn’t Improved
Top StoriesGlobal Shares Fall, U.S. Treasury Yields Rise After Dovish Fed Minutes
Top StoriesShares Struggle After Hot UK Inflation, New Zealand Rate Hike
Analysis-China Central Bank, Under Pressure to Ease, Is Hemmed-In by Inflation, Fed Jitters
Date: August 17, 2022
By Kevin Yao BEIJING (Reuters) – China’s central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said. Analysts now expect cuts in the country’s benchmark lending...
European Bourses Steady as Focus Remains on Key Economic Data
Date: August 17, 2022
By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors eyeing growth and inflation data due this week for clues about the region’s economic health and the monetary policy outlook. The pan-European STOXX 600 hovered near 10-week highs in a choppy trading session. Food and beverage stocks...
Nz, Aussie Dlrs Have Busy Day, Fed Minutes Loom
Date: August 17, 2022
By Alun John HONG KONG (Reuters) – The Australian and New Zealand dollars were volatile in Asia on Wednesday, before ending up back near where they started, providing some excitement ahead of the release of minutes of the U.S. Federal Reserve’s latest meeting later in the day. The kiwi jumped to as high as $0.6383...
Russia Says ‘no Need’ to Use Nuclear Weapons in Ukraine
Date: August 16, 2022
MOSCOW (Reuters) – Russia has “no need” to use nuclear weapons in Ukraine, its defence minister said on Tuesday, describing media speculation that Moscow might deploy nuclear or chemical weapons in the conflict as “absolute lies”. “From a military point of view, there is no need to use nuclear weapons in Ukraine to achieve the...
Analysis-Trapped Cash Mangles China’s Policy Plans
Date: August 16, 2022
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – China’s surprise cut in key policy rates this week highlights a dilemma facing Beijing as authorities try to revive an economy awash with cash in the financial system but still lacking in consumer demand. Monday’s 10 basis point cuts in the People’s Bank of China’s (PBOC)...
Analysis-Loosening Financial Conditions Threaten Central Bank Inflation Fight
Date: August 16, 2022
By Yoruk Bahceli (Reuters) – The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction. A rally in equities and falling government bond yields since the Fed’s June hike means financial...