monetary-policy
Top StoriesSwiss National Bank to Leave Rates Steady in June, Raise 25 Bps in Sept- Reuters Poll
Top StoriesNorway Government Secures Backing for Revised 2022 Spending Plan
Top StoriesFrench Finance Minister: Rising U.S. Bond Yields Show That ‘era of Cost-Free Money Is Over’
Top StoriesECB Hikes Are Wrong Way to Curb Inflation, Says Draghi’s Right-Hand Man
BoE to Raise Rates 25 Bps in June, Stick to Slow Pace in Coming Months: Reuters Poll
Date: June 13, 2022
(Reuters) – The Bank of England will raise interest rates in June by a modest 25 basis points and stick to those increments in coming meetings despite inflation running close to double-digits, a Reuters poll of economists found. But even with the threat of recession – the economy unexpectedly shrank 0.3% in April – the...
Inflation Shock Drives European Stocks to 3-month Lows
Date: June 13, 2022
By Sruthi Shankar (Reuters) -European stocks tumbled to three-month lows on Monday, dragged down by technology and travel stocks, as a sharp rise in U.S. inflation raised concerns about aggressive interest rate hikes by the Federal Reserve. The pan-European STOXX 600 index fell 1.9% to its lowest since March 8. High-growth technology stocks dropped 3.3%...
Euro Zone to Avoid Recession, Growth to Accelerate in Q3 – ECB Survey
Date: June 13, 2022
FRANKFURT (Reuters) – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday. The 19-country currency bloc has been hit by fallout from Russia’s invasion of Ukraine, which has sapped confidence, investment and households’ purchasing...
Take Five: Give Me an Fomc, Boe, BOJ and SNB
Date: June 13, 2022
It’s a central bank-heavy week ahead, with the U.S. Federal Reserve expected to deliver its second straight half-point rate hike (at least) to bring inflation under control. Britain and Sweden, too, will likely lift interest rates again, while Switzerland may be getting ready to join the rate-hike club. In contrast, the Bank of Japan should...
Japanese Yen Jumps After Authorities Sound Intervention Warning
Date: June 10, 2022
LONDON (Reuters) – The Japanese yen jumped on Friday after the government and the central bank in a rare joint statement expressed concern about its recent slide to hit two-decade lows, while the dollar edged higher ahead of key U.S. inflation data. After a meeting with his Bank of Japan (BOJ) counterpart, the country’s top...
Bank of England Set to Raise Rates Again as Inflation Heads for 10%
Date: June 10, 2022
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in 25 years, and is likely to keep going in the coming months as inflation heads for double digits. While Britain is forecast to have...