monetary-policy
Top StoriesECB’s Villeroy: Overly Weak Euro Could Threaten Inflation Goal
Top StoriesECB’s Centeno Sees Rate Hike in Early July
Top StoriesEuropean Stocks Find Support at End of Volatile Week
Top StoriesAnalysis: Traders Ready for Wilder Swings as Rate Rises Stoke Volatility
UK Names Lse Academic Dhingra to BoE Rate-Setting Committee
Date: May 12, 2022
By David Milliken and Andy Bruce LONDON (Reuters) -Swati Dhingra, an associate professor at the London School of Economics, will join the Bank of England’s Monetary Policy Committee in August after the term of Michael Saunders ends, Britain’s finance ministry said on Thursday. Dhingra, 41, will serve a three-year term on the MPC, which sets...
ECB’s Makhlouf Says It Is Time for Governing Council to Act
Date: May 12, 2022
DUBLIN (Reuters) – Irish Central Bank Governor Gabriel Makhlouf on Thursday joined a chorus of European Central Bank policymakers calling for the Governing Council to act to tackle inflation, though not necessarily at the same pace as the U.S. Federal Reserve. ECB President Christine Lagarde on Thursday finally threw her weight behind a rise in...
Denmark Hikes Economic Growth Forecast Despite War, Inflation
Date: May 12, 2022
COPENHAGEN (Reuters) – Denmark’s economy could grow as much as 3.4% this year despite the negative effects of the war in Ukraine and record high inflation, the finance ministry said on Thursday, a considerable upwards revision from its estimate from March. “We came out of 2021 at an extremely high pace with a good starting...
Asian Economic Powers Warn of Risks From War, Monetary Policy Normalisation
Date: May 12, 2022
By Tetsushi Kajimoto TOKYO (Reuters) -East Asian economic leaders warned on Thursday of risks to the region’s outlook and pledged to remain committed to market stability and sound fiscal policy. Economic risks included unexpectedly early rises in interest rates “in some advanced nations”, runaway inflation and supply chain disruption on top of the war in...
BoE Is Not yet Done With Rate Hikes, Ramsden Says
Date: May 12, 2022
LONDON (Reuters) -The Bank of England will have to push borrowing costs higher to control fast-rising inflation and there are risks that inflation pressures from rising wages will prove stronger than the BoE thinks, Deputy Governor Dave Ramsden told Bloomberg News. “I don’t think we’ve gone far enough yet on Bank Rate, but I do...
European Stocks Slump Following Wall Street Rout on Rate Worries
Date: May 12, 2022
By Sruthi Shankar (Reuters) -European stocks slumped on Thursday, echoing sharp losses on Wall Street overnight, after U.S. inflation data fuelled worries about the impact of rising interest rates on economic growth. The continent-wide STOXX 600 index slid 1.7%, reversing much of the mid-week gains. Technology, automakers and mining stocks were the top losers among...