monetary-policy
Top StoriesAnalysis: ECB Faces Italian Debt Test as Politics Intervenes
Top StoriesGlobal Growth Headed Down as Inflation Surge to Endure
Top StoriesEuro Zone Business Lending Unexpectedly Surges in June
Top StoriesIMF Cuts Global Growth Outlook, Warns High Inflation Threatens Recession
BoE Torn Over Whether to Join Big Rate Hike Club
Date: July 25, 2022
By William Schomberg LONDON (Reuters) – The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously. The BoE was the first big central bank to increase...
UK Factory Output Slows, Price Pressures Come Off Peak – Cbi
Date: July 25, 2022
By David Milliken LONDON (Reuters) -British industrial output grew at the slowest pace in over a year in the three months to July, but there are tentative signs that some challenges around inflation and investment are easing, a Confederation of British Industry survey showed on Monday. The Bank of England’s Monetary Policy Committee (MPC) must...
Dollar Slips, Riskier Currencies Gain as Market Rebounds
Date: July 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious...
Bank of England Policymakers Torn on Need for Big Rate Move Next Week
Date: July 25, 2022
LONDON (Reuters) – The Bank of England is weighing up whether to raise interest rates by the most since 1995 next week in order to stop the surge in inflation from becoming a long-term problem for Britain’s economy. The BoE has raised rates five times since December with three of the Monetary Policy Committee’s nine...
European Shares Slip Amid Growth Worries
Date: July 25, 2022
(Reuters) – European shares fell on Monday as investors parsed through a slew of earnings amid growth worries, with focus on a U.S. Federal Reserve policy meeting later this week. The pan-European STOXX 600 index fell 0.2% by 0711 GMT, with broad-based losses led by oil producers as crude prices fell. [O/R] Dutch medical equipment...
Russian Central Bank Governor Speaks After Cutting Interest Rates
Date: July 22, 2022
(Reuters) -Bank of Russia Governor Elvira Nabiullina gave a news conference after the central bank cut its key interest rate by 1.5 percentage points to 8% on Friday. Nabiullina spoke in Russian. The quotes below were translated by Reuters. CURRENCY POSITION “The Bank of Russia sees a positive trend in the process of reducing the...