monetary-policy
Top StoriesGerman Yields Set for Biggest Jump Since Mar 2020 After Fed Minutes, China Stimulus Headline
Top StoriesDollar Continues Dream Run, Little Stands in Its Way
Top StoriesBoE’s Pill Sees No Growth for UK Economy, Warns Against Big Rate Hikes
Top StoriesBoE’s Pill Warns Big Rate Rises Risk Roiling Markets
BoE Will Do What It Takes to Tackle Inflation Risks, Cunliffe Says
Date: July 6, 2022
LONDON (Reuters) -Bank of England Deputy Governor Jon Cunliffe said the British central bank will do “whatever is necessary” to prevent the recent surge in inflation from becoming embedded in the economy. Britain’s main inflation rate hit a 40-year high of 9.1% in May and the BoE has forecast it will top 11% in October....
After H1 Rate Hike Spree, the Only Way Is Still Up
Date: July 5, 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – More G10 central banks raised interest rates in June than in any month for at least two decades, Reuters calculations showed, and with inflation at multi-decade highs, the pace of policy-tightening is unlikely to let up in the second half of 2022. Central banks overseeing seven...
Sterling Jumps vs Euro, Slips vs Dollar in Thin July Trade
Date: July 5, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Tuesday against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path. With some liquidity expected to return to the foreign exchange market later in the day...
Copper Stumbles to 17-month Low as Inflation Data Fans Slowdown Fears
Date: July 1, 2022
By Eric Onstad LONDON (Reuters) – Copper prices slumped on Friday to their weakest in 17 months as inflation data reinforced fears that central bank tightening would push economies into a recession and hit metals demand. Three-month copper on the London Metal Exchange had eased 3.1% to $7,999 a tonne by 1500 GMT after dropping...
Factory Data Dampen Global Hopes for ‘soft Landing’
Date: July 1, 2022
By Jonathan Cable and Leika Kihara LONDON/TOKYO/WASHINGTON (Reuters) – Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China’s strict COVID-19 lockdowns and Russia’s invasion of Ukraine added to supply chain disruptions, surveys showed. From the United States to the euro zone, activity at...
Germany Tells Ecb: We’re Doing Our Bit to Fight Inflation
Date: July 1, 2022
BERLIN (Reuters) -The European Central Bank need not worry about Germany’s budget when making policy to fight inflation in the euro zone, German Finance Minister Christian Lindner said on Friday, presenting plans to return to national debt brake rules in 2023. Lindner said the 2023 draft budget, marked by consolidation efforts, took away the risk...