monetary-policy
Top StoriesGlobal Markets Quake as Central Banks Grow More Hawkish
TradingYen Tanks as BOJ Sticks to Stimulus, Caps Volatile Week for Fx
InvestingOil Slumps 5% on Recession Worries, Strong U.S. Dollar
Top StoriesUK’s Sunak Hardens Attitude to BoE’s Bailey as Inflation Roars
Central Banks Opt for Shock and Awe to Tame Inflation (bar One)
Date: June 17, 2022
LONDON (Reuters) -The Federal Reserve this week delivered its biggest interest rate rise in over a quarter of a century and even the Swiss National Bank took markets by surprise with an aggressive rate hike. It leaves the Bank of Japan the only major developed world central bank still clinging to the inflation-is-transitory mantra. Here’s...
Chances of Recession in Britain in Next Two Years Have Increased, Says Jpm
Date: June 17, 2022
(Reuters) – Chances of Britain heading into a recession over the next year or two have increased amid soaring inflation due to the country’s vulnerability to external shocks, J.P.Morgan economists said on Friday, a day after the Bank of England raised borrowing costs. The BoE raised its benchmark interest rate to 1.25% on Thursday –...
Bank of England Isn’t Committed to Being ‘forceful’, Pill Says
Date: June 17, 2022
By David Milliken LONDON (Reuters) -The Bank of England’s new message that it may have to act “forcefully” on interest rates is not unconditional and depends on the persistence of inflation pressures, the central bank’s chief economist said on Friday. While the BoE raised interest rates by just a quarter point on Thursday – lagging...
Stocks Eye Steepest Slide Since 2020 as Central Bankers Roil Markets
Date: June 17, 2022
By Simon Jessop LONDON (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to tame inflation, setting investors on edge about future economic growth. The biggest U.S. rate rise since 1994, the first such Swiss move...
ECB’s Knot Says Several 50 Bps Rate Hikes Possible if Inflation Worsens
Date: June 17, 2022
BRUSSELS (Reuters) -European Central Bank policymaker Klaas Knot told Dutch radio broadcaster BNR on Friday the ECB may need to make several 50 basis point rate hikes if inflation continues to rise and that he expected about 200 basis points of hikes. Referring to core inflation, he said: “If it continues to rise then we...
UK Shares Gain at End of Turbulent Week but Set for Weekly Fall
Date: June 17, 2022
By Devik Jain (Reuters) – UK stocks rose on Friday, with miner Glencore and media company Future gaining on strong outlook, although worries about sluggish economic growth put the main indexes on course for their third straight week of fall. The FTSE 100 index was up 0.6% by 0818 GMT in choppy trading. Shares of...