monetary-policy
Top StoriesRussia Cenbank Hopes for Quick Decision on Restoring ‘budget Rule’
Top StoriesYen Tanks 1.9% After BOJ Sticks to Stimulus, Franc Climbs Again
Top StoriesOnce Feted for Pandemic Heroics, World’s Central Banks Now Face an Uneasy Crowd
Top StoriesBoE Raises Rates by 25 Basis Points Again but Says Ready to Act Forcefully
Russia Needs Export Rethink but No Capital Controls, Central Bank Chief Says
Date: June 16, 2022
(Reuters) -Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday. Nabiullina, speaking at Russia’s flagship annual economic conference in St. Petersburg, said that a “substantial part” of Russian industry should...
Central Banks Opt for Shock and Awe to Tame Inflation
Date: June 16, 2022
LONDON (Reuters) – The Federal Reserve has just delivered its biggest interest rate rise in over a quarter of a century and even the hitherto dovish Swiss National Bank has taken markets by surprise with an aggressive rate hike. Here’s a look at where policymakers stand in the race to contain red-hot inflation. Graphic: Rate...
Analysis-Investors Brace for Recession, More Market Turmoil After Fed’s Supersized Hike
Date: June 16, 2022
By Davide Barbuscia NEW YORK (Reuters) – Investors’ faith in a soft landing for the U.S. economy is being heavily tested, as a jumbo-sized interest rate hike from the Federal Reserve stirs worries over recession and more volatile trading ahead. Analysts and investors said they believe a recession is more likely after the Fed at...
For Central Bankers, Tighter Financial Conditions May Be an Ally
Date: June 15, 2022
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) -Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on dampening economic growth and eventually inflation, the moves might be welcomed by the Federal Reserve and other central banks. Financial conditions is the umbrella phrase for how metrics such as...
ECB to Devise New Tool to Help Indebted Euro Zone Members
Date: June 15, 2022
FRANKFURT (Reuters) – The European Central Bank will skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop fragmentation, it said on Wednesday, seeking to temper a market rout that has fanned fears a new debt crisis. Government bond yields have soared on the 19-country currency bloc’s...
ECB to Devise New Tool to Help Indebted Euro Zone Members
Date: June 15, 2022
(Reuters) – The European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears a new debt crisis on the bloc’s southern periphery but appears to have disappointed investors looking for a more decisive step. MARKET REACTION: The euro fell around a half a percent against the dollar on...