monetary-policy
Top StoriesOil Prices Tumble More Than $4 Ahead of Potential Large U.S. Rate Hike
Top StoriesDraghi Meeting President as Italian Government Faces Collapse
InvestingEuropean Shares Fall as Rate Hike Bets Keep Investors Cautious
Top StoriesYellen Says Russian Officials Have No Place at G20 Meeting
European Shares Fall, Italian Stocks Slide on Political Worries
Date: July 14, 2022
(Reuters) – European shares fell on Thursday, hurt by rising bets of more aggressive rate hikes by the Federal Reserve after a sharp spike in U.S. inflation, while Italy’s main index tumbled 1% as the country’s government faces collapse. The pan-European STOXX 600 index slipped 0.3% by 0711 GMT. It had fallen 1% on Wednesday...
Bank of Canada Surprises With 100bp Rate Hike to Tame Inflation
Date: July 13, 2022
By Julie Gordon and Steve Scherer OTTAWA (Reuters) – The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle. The central bank raised its policy rate...
Analysis-Euro-dollar Parity Leaves ECB Facing Costly Choices
Date: July 13, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall further would push up already record high inflation, raising the risk of price growth...
Euro Falls Below Parity for the First Time in 2 Decades
Date: July 13, 2022
LONDON (Reuters) -The euro dropped below parity against the dollar the first time in almost two decades on Wednesday, as a hawkish U.S. Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the single currency. The euro started this year on a strong note given a post-pandemic economic...
IMF Chief Warns Natural Gas Disruptions Could Trigger Recession in Europe
Date: July 13, 2022
NUSA DUA, Indonesia (Reuters) – The global economic outlook remains extremely uncertain, the head of the International Monetary Fund said on Wednesday, warning that further disruption in the natural gas supply to Europe could plunge many economies into recession. In a blog published ahead of this week’s meeting of finance officials from the Group of...
Euro Falls Below Dollar Parity for First Time Since 2002
Date: July 13, 2022
By Elizabeth Howcroft LONDON (Reuters) -The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the currency. The latest slide came after another hot set of U.S....