monetary-policy
Top StoriesECB Firms up Expectations for July Interest Rate Hike
TradingDollar Moves Off Lows on Heels of Inflation Data
Top StoriesGerman Inflation to Come in Close to 7% This Year, Bundesbank Says
Top StoriesECB Could Outline Rate Hike Plan for Coming Months in June – Müller
ECB to Start Raising Rates Gradually This Summer – Villeroy
Date: May 11, 2022
PARIS (Reuters) -The European Central Bank (ECB) will start raising rates gradually this summer, ECB member and Bank of France head Francois Villeroy de Galhau said on Wednesday. Several ECB policymakers have argued for a rate hike in July to counter rising inflation, which soared to a record high of 7.5% in the 19-nation euro...
European Stocks Make Tentative Gains Amid Global Growth Worries
Date: May 10, 2022
(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a bruising selloff on worries about a sharp slowdown in the global economic growth. The pan-European STOXX 600 index rose 1.2%, with most sectors barring defensive healthcare stocks gaining. Global stocks have been hammered in May, with...
BoE’s Saunders Worries Inflation Will Be Higher Than Forecasts
Date: May 9, 2022
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England policymaker Michael Saunders, who called in vain for a big interest rate hike last week, said inflation risked exceeding BoE forecasts that already go above 10%, and urged the BoE to “lean heavily” against it. With price growth already more than three times the...
New Czech Central Bank Governor to Be Named on Wednesday, No Name Given
Date: May 9, 2022
PRAGUE (Reuters) -Czech president Milos Zeman will appoint a central bank governor to replace outgoing chief Jiri Rusnok on Wednesday, the president’s spokesman said on Monday, without giving the name of the new governor. A Czech news website as well as sources from the financial community said last week the new governor would be Ales...
European Stocks Hit 2-month Lows on Mining, Tech Losses
Date: May 9, 2022
(Reuters) -European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2% to touch its lowest since March 10. Miners fell 2.8% as Chinese iron...
Analysis: Markets Must Face up to Tightening Financial Conditions
Date: May 9, 2022
By Yoruk Bahceli (Reuters) – Already sitting on double-digit losses this year, stock market investors must brace for more, as the realisation sinks in that the U.S. Federal Reserve intends to tighten financial conditions to get on top of red-hot inflation. Essentially, financial conditions measure how easily households and businesses can access credit, so are...