monetary-policy
Top StoriesDollar Extends Declines as Traders Pull Back Rate Hike Bets
Top StoriesSterling Slumps 0.5% vs Euro Ahead of UK GDP Data
Top StoriesFed Officials Say More Rate Hikes Needed, Despite Slowing Inflation
Top StoriesAnalysis: With Reshuffled Cabinet, PM Kishida Gets to Work in Choosing Next BOJ Head
Norwegian Inflation Raises Expectations of Faster Rate Hikes
Date: August 10, 2022
OSLO (Reuters) – Norway’s core inflation jumped in July to its highest in more than two decades, exceeding forecasts as the cost of food soared, raising analyst expectations of faster increases to interest rates. The core annual inflation rate, which strips out changing energy prices and taxes, rose to 4.5% in July, up from 3.6%...
Exclusive-Bank of England Will Probably Need to Raise Rates Again, Ramsden Says
Date: August 9, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) – The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE Deputy Governor Dave Ramsden said. Inflation’s spread was now showing up in rising British pay and...
Exclusive-Bank of England Would Sell Gilts Even if It Cuts Rates in Future, Ramsden Says
Date: August 9, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) – The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said. The BoE is primed to become the first major central...
The Pound, Gilts and Renewables: The Winners and Losers Under Britain’s Future PM
Date: August 8, 2022
LONDON (Reuters) – The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months. The contest between foreign minister Liz Truss and former finance minister Rishi Sunak...
U.S. Job Growth Surges in July as Labor Market Defies Recession Fears
Date: August 5, 2022
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth unexpectedly accelerated in July, lifting the level of employment back to its pre-pandemic level, the strongest evidence yet that the economy was not in recession. The Labor Department’s closely watched employment report on Friday also showed employers continuing to raise wages at a strong clip and...
Factbox-What Is Central Bank Independence?
Date: August 5, 2022
(Reuters) – Talk of changes to the Bank of England’s powers has revived a debate on whether central banks should be independent of governments and in what way. Central bankers are tasked with preserving the value a currency by keeping inflation in check. For this purpose many of them are shielded from political pressure from...