monetary-policy
Top StoriesEuro Zone Bond Yields Fall After Business Activity Disappoints
Top StoriesNorway Central Bank Makes Largest Rate Hike in Two Decades
Top StoriesU.S. Recession Fears Darken Outlook for Global Growth
Top StoriesCzech Central Bank Chief: Staff Urged Bigger Hike Than the 125-bps Made
New ECB Bond Buys Shouldn’t Get in Way of Fighting Inflation
Date: June 22, 2022
By Jesús Aguado and Emma Pinedo MADRID (Reuters) -The European Central Bank’s tool to combat rising government debt yields in some euro zone countries should not interfere with the bank’s aim to control inflation, ECB Vice-President Luis de Guindos said on Wednesday. “Fragmentation instruments should not interfere with the overall monetary policy approach, which should...
Swiss Current Account Surplus Widens, SNB Slows Forex Action
Date: June 22, 2022
ZURICH (Reuters) -Switzerland’s first-quarter current account surplus widened to 19 billion Swiss francs ($19.63 billion), 4 billion francs more than in the same quarter in 2021, the Swiss National Bank (SNB) said on Wednesday. “The increase was primarily due to the higher receipts surplus in goods trade (up CHF 6 billion), which resulted from merchanting...
BoE Will ‘act Forcefully’ to Stem Inflation, Says Britain’s Sunak
Date: June 22, 2022
LONDON (Reuters) – The Bank of England will “act forcefully” to combat rising prices, British finance minister Rishi Sunak said on Wednesday, as data showed UK inflation had hit a new 40-year high of 9.1% in May. Sunak told reporters that Britain had “all the tools we need” to bring down inflation. “Firstly, the Bank...
Marketmind: Inflation Psychology
Date: June 22, 2022
A look at the day ahead in markets from Sujata Rao. Rail strikes, the biggest in three decades, are thinning out office districts across Britain this week. Other professional groups, from barristers to postmen, also plan to hit the barricades in coming weeks to demand more pay. Data on Wednesday shows why. Annual consumer inflation...
Friday’s Russell Rebalance May Stoke More Volatility in Nervous Stock Market
Date: June 22, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds. FTSE Russell refreshes the components of...
French Central Bank Cuts Growth Outlook, Sees Higher Inflation
Date: June 21, 2022
PARIS (Reuters) – France’s economy will slow more than expected this year due to the current energy price shock, while inflation will climb higher than previously expected, the central bank said on Tuesday. The euro zone’s second-biggest economy was set to grow 2.3% this year, before slowing to 1.2% in 2023 and picking up to...