monetary-policy
Top StoriesECB Raises Inflation, Cuts Growth Forecasts
Top StoriesA Fed Soft Landing for Jobs Means Something Else Has to Crack; so Far It Hasn’t
Top StoriesPound Inches Down vs Dollar, Euro Before ECB Rate Decision
Top StoriesECB Decision Nervousness Weighs on European Shares
Charting Course Out of Stimulus, ECB to Set Stage for Rate Hikes
Date: June 9, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, leaving markets only to guess the size and speed of policy tightening. With inflation at a record-high 8.1% and broadening quickly, the...
Marketmind: Hey Ecb, How High Will You Go?
Date: June 9, 2022
A look at the day ahead in markets from Dhara Ranasinghe. There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for the first time since 2011 to contain record high inflation. Can we move on then?...
An ECB Quandary: The Hunt for a Neutral Euro Zone Interest Rate
Date: June 8, 2022
By Yoruk Bahceli (Reuters) – Euro zone interest rates rising to at least 0% by September seems like a done deal as inflation soars, but how high rates should go thereafter is dividing policymakers and economists in a bloc of 19 vastly different economies. The European Central Bank meets on Thursday and is expected to...
Czech Central Bank Choices Offer No Carte-Blanche for Dovish Governor
Date: June 8, 2022
By Jan Lopatka and Robert Muller PRAGUE (Reuters) -The Czech president has filled three seats on the central bank’s board with economists who are likely to ease market worries about a sharp dovish swing after the current board raised interest rates to tame the highest inflation in nearly three decades. The appointments to the Czech...
Yen Tumbles Against Euro as Central Bank Policy Diverges
Date: June 8, 2022
By Samuel Indyk LONDON (Reuters) – The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is...
OECD Says UK Economy to Flat-Line in 2023, Urges More Support
Date: June 8, 2022
LONDON (Reuters) – Britain’s economy will stagnate in 2023 in the face of high inflation, lagging behind its peers, and the government should consider easing up on tax increases or spending more, the Organisation for Economic Co-operation and Development said. “The government should consider slowing fiscal consolidation to support growth,” the OECD said in a...