monetary-policy
Top StoriesAny ECB Rate Hike Above Zero Will Depend on Data, Panetta Says
Top StoriesTake Five: The Second Half
Top StoriesAnother Inflation Record Firms Case for Bigger ECB Rate Hikes
Top StoriesEuro Zone Factory Production Falls in June for First Time in Two Years -PMI
Analysis-Japan Widens Fx Watch to Include Risk of Yen Spike as U.S. Recession Fears Mount
Date: July 1, 2022
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling that currency-market intervention is less likely than some investors expect. Japan has stepped up its warnings about sharp yen falls including a rare joint...
EU Says It May Not Be Possible to Cross Finish Line on Iran Nuclear Deal
Date: July 1, 2022
By Arshad Mohammed and Michelle Nichols UNITED NATIONS (Reuters) – Senior Western officials voiced doubts about reviving the 2015 Iran nuclear deal on Thursday, with the European Union saying it “might not make it over the finishing line” and a U.S. official saying the odds had lengthened after this week’s failed talks. The U.N. Security...
Exclusive-ECB to Channel Cash From North to South in Bid to Cap Spreads – Sources
Date: June 30, 2022
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing costs, sources told Reuters. The ECB will kick off...
Recession Fears Creep Into ECB Thinking at Summer Conference
Date: June 30, 2022
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and forecast further economic expansion despite looming gas shortages, but in private conversations recession fears were increasingly dominant. Growth has slowed sharply this year amid...
Copper Firms After China Relaxes Quarantine Rules
Date: June 28, 2022
By Pratima Desai LONDON (Reuters) – Copper prices rose on Tuesday as hopes for stronger demand after top consumer China relaxed its COVID-19 quarantine mandates were reinforced by a lower dollar, but worries about global growth capped gains. Benchmark copper on the London Metal Exchange was up 0.4% at $8,454 a tonne as of 1041...
ECB Will Keep Countries on Straight and Narrow Even if It Buys Their Debt – Lagarde
Date: June 28, 2022
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -The European Central Bank’s upcoming bond-buying programme will curb rising borrowing costs for vulnerable euro zone countries while keeping up pressure on their governments to repair their budgets, ECB President Christine Lagarde said on Tuesday. With the ECB nearing its first interest rate hike in over...