monetary-policy
TradingDollar Slips as ECB Rate Hike Hopes Lift Euro
Top StoriesECB Weighs Bigger Rate Hike With Safety Net for Indebted Countries
Top StoriesLeave Our Policy Alone, Bank of England Official Tells UK Conservatives
Top StoriesThe Hike Is (almost) Here! Now for What Comes Next: Five Questions for the ECB
Fed Officials Still Leaning to 75-basis-point Rate Hike in July
Date: July 15, 2022
By Howard Schneider and Lindsay Dunsmuir TAMPA, Fla. (Reuters) – Federal Reserve officials signaled on Friday they will likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting, though a recent high inflation reading could still warrant more, or faster, increases later in the year. St. Louis Fed President James Bullard said...
Analysis-ECB Bond Aid Plan’s Fault Lines Exposed by Italy’s Political Crisis
Date: July 15, 2022
By Francesco Canepa FRANKFURT (Reuters) – A government crisis in Italy is complicating a politically sensitive plan devised by the European Central Bank to support indebted euro zone countries on the bond market before it even starts in earnest. In an unprecedented effort to cap borrowing costs, the ECB said last month it would buy...
Dollar Set for 3rd Consecutive Week of Gains as Recession Risks Loom
Date: July 15, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were under pressure...
China’s Economy Brakes Sharply in Q2, Global Risks Darken Outlook
Date: July 15, 2022
By Kevin Yao BEIJING (Reuters) – China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Friday’s frail data adds to fears of a global recession as policymakers jack up interest rates to...
ECB Set for 25bps Rate Hike in July; Slim Majority Say Should Do 50 -Economists
Date: July 15, 2022
By Swathi Nair BENGALURU (Reuters) – The European Central Bank will stand by its policy guidance and raise its deposit rate by 25 basis points next Thursday, but a narrow majority of economists polled by Reuters said it should go for a bigger half-point hike. This week the euro fell to and below parity with...
Take Five: A World of Pain, About to Get Worse
Date: July 15, 2022
(Reuters) – The European Central Bank is late to the rate-hike party but at least it’s on its way, unlike the Bank of Japan. But both banks will find their plans for tackling the inflation versus growth dilemma confronting the world’s central banking elite examined closely. The news elsewhere could make for more grim reading....