monetary-policy
Top StoriesEnergy Supply Crunch, Covid Woes Weigh on European Stocks
Top StoriesJobs Blowout Cements Case for Another Big Fed Rate Hike
InvestingEuropean Shares Mark Strong End to Week, but Recession Worries Remain
Top StoriesShinzo Abe Sought to Reinvigorate Japan With Bold Economic Policies, Strong Armed Forces
European Shares Tepid as Miners Fall on China Covid Worries
Date: July 8, 2022
By Devik Jain (Reuters) – European shares were muted on Friday, weighed down by miners as copper prices retreated on concerns over latest COVID-19 curbs and flare-ups in China, while investors also maintained a cautious stance ahead of monthly U.S. jobs data. The continent-wide STOXX 600 index was down 0.1%, after climbing 3.6% in the...
German Yields Eye Biggest Jump Since Mar 2020
Date: July 7, 2022
By Yoruk Bahceli (Reuters) -Benchmark German bond yields were set for their biggest daily rise since March 2020 on Thursday as the U.S. Federal Reserve’s meeting minutes and Chinese stimulus reports added to the tussle between inflation and recession fears gripping markets. Minutes of the bank’s June meeting showed officials rallied around the outsized 75...
Speed up Rate Hikes to Stop Sticky Inflation, BoE’s Mann Says
Date: July 7, 2022
By David Milliken LONDON (Reuters) -Central banks should move quickly when raising interest rates, because of the risk that persistent inflationary trends may be taking hold, Bank of England policymaker Catherine Mann said on Thursday. “What the research shows is when there is uncertainty about persistence versus transitory nature of inflation dynamics, it’s important to...
Analysis-Euro’s 20-year Low Leaves ECB Facing Costly Choices
Date: July 7, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble towards 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 would push up already record high inflation, raising the risk of price growth becoming...
ECB’s Villeroy Says He Has No Doubts About Anti-Fragmentation Tool
Date: July 7, 2022
PARIS (Reuters) – French ECB policymaker Francois Villeroy de Galhau said on Thursday he had no doubts the European Central Bank’s plans to keep euro zone bond spreads from unjustifiably widening would get off the ground, in the face of German reservations. The ECB’s biggest shareholder, Germany’s Bundesbank, laid out its conditions for providing fresh...
Hungarian Forint Flounders Even as Central Bank Ramps up Rates
Date: July 7, 2022
By Krisztina Than and Anita Komuves BUDAPEST (Reuters) -Hungary’s central bank raised its one-week deposit rate by a whopping 200 bps to 9.75% on Thursday and the government pledged to rein in the budget deficit in a bid to shore up the forint after it plunged to record lows this week. Reviving the currency is...