monetary-policy
Top StoriesU.S. Stocks Gain, Treasury Yields Hit Multi-Year Highs Ahead of Expected Fed Rate Hike
Top StoriesDollar Approaches 20-year Highs, Fed Meeting in Focus
Top StoriesRomania Central Bank’s April Fx Reserves up 40.50 Billion Euros
Top StoriesEuro Zone Factory Output Growth Stalled in April – PMI
Russia Lowers Key Rate Sharply to 14%, Eyes More Cuts
Date: April 29, 2022
(Reuters) -Russia’s central bank lowered its key interest rate to 14% in a sharper-than-expected move on Friday and said it saw room to cut rates further this year, as it tries to manage a shrinking economy and soaring inflation. The central bank met after it unexpectedly cut the key rate to 17% earlier in April....
Sterling Set for Biggest Monthly Drop Since October 2016 vs Dollar
Date: April 29, 2022
(Reuters) -Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October 2016, while edging higher against the euro. The greenback slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years on concerns about the global...
Swiss National Bank Says Inflation so Far No Reason for Rate Hike
Date: April 29, 2022
ZURICH (Reuters) – The recent spike in Swiss inflation has not warranted an interest rate rise, Swiss National Bank Chairman Thomas Jordan said on Friday, departing from other central banks which have begun their own hikes to tackle spiralling price rises. Sweden’s central bank on Thursday became the latest to raise its interest rate, following...
French April Inflation Higher Than Expected at Record 5.4%
Date: April 29, 2022
PARIS (Reuters) – French inflation rose unexpectedly in April to hit a record high driven by surging energy prices, preliminary EU-harmonised data showed on Friday, putting fresh pressure on newly re-elected President Emmanuel Macron. The INSEE statistics agency said consumer prices rose 0.5% in April, for a 12-month inflation rate of 5.4%, up from 5.1%...
Dollar Hits 20-yr High as Yen Tumbles on Dovish Bank of Japan
Date: April 28, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on growth concerns for the region. The dollar shot past the key...
Sterling Steadies Near 21-month Low Against Strong Dollar
Date: April 28, 2022
(Reuters) – The British pound edged higher on Thursday but was still trading near a 21-month low against a buoyant U.S. dollar that has hit multi-year peaks against both the Japanese yen and euro. At 0747 GMT, sterling was up 0.1% against the dollar at $1.25615. It had earlier traded below $1.25 for the first...