monetary-policy
Top StoriesBoE’s Bailey Rebuffs Talk of Less Central Bank Independence in UK
Top StoriesDollar Slips as Before U.S. Jobs Data as Markets Digest Fed Hawkishness
Top StoriesBank of England Raises Rates by Most Since 1995 Even as Long Recession Looms
Top StoriesQuotes – ‘All Options Are on the Table’: BoE Press Conference After Rate Hike
Britain Lifts Rates by Most Since 1995, Latest to Deliver Aggressive Hikes
Date: August 4, 2022
(Reuters) – The Bank of England raised interest rates on Thursday by half-a-point in its biggest move in 27 years to tame inflation. Central banks in the United States, Canada, Australia, Switzerland and elsewhere have lined up with aggressive rate rises recently and the European Central Bank last month delivered its first rate hike since...
Instant View: Bank of England Raises Rates by Most Since 1995
Date: August 4, 2022
LONDON (Reuters) – The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%. Reeling from a surge in energy prices caused by Russia’s invasion...
Euro Zone Consumers Brace for Recession and High Inflation – ECB Survey
Date: August 4, 2022
FRANKFURT (Reuters) – Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey showed on Thursday. The Consumer Expectations Survey, used by policymakers for input in their deliberations and published on Thursday for the...
Analysis: Some Investors Doubt Summer Surge in Corporate Bonds Will Last
Date: August 3, 2022
By Davide Barbuscia NEW YORK (Reuters) – A roaring rebound in U.S. corporate bonds is being met with skepticism by some investors, who believe the gains may be short-lived as recession fears dampen the outlook for the $10 trillion market. Hopes that the Federal Reserve will be less aggressive than previously anticipated in its fight...
Wall Street Rallies, Treasury Yields Rise on Strong Economic Data, Fed Resolve
Date: August 3, 2022
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rose sharply and Treasury yields touched two-week highs on Wednesday as robust economic data, easing geopolitical concerns and generally upbeat corporate earnings boosted investor risk appetite. All three major U.S. stock indexes were higher and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected...
Dollar Rises vs Yen; U.S. Economic Data, Fed Officials’ Comments Supportive
Date: August 3, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while hawkish comments from Federal Reserve officials this week also supported the greenback. The Institute for Supply Management said its non-manufacturing PMI rebounded last month...