monetary-policy
Top StoriesBoE’s Broadbent Sees Value in Guidance, as Long as It’s Clear
Top StoriesEuro Jumps After Ukraine Offers Neutral Status, Yen Rebounds
Top StoriesShanghai Locks Down as Covid Surges in China’s Financial Hub
TradingSterling Falls vs Euro and Dollar, Focus on BoE
Yen Plumbs 6-yr Low as BOJ Moves Against Rising Bond Yields
Date: March 28, 2022
By Sujata Rao LONDON (Reuters) – The Japanese yen crashed to a six-year low versus the dollar on Monday, and headed for its biggest daily loss since March 2020 after the Bank of Japan moved to contain rising bond yields, even as U.S. Treasury yields soared to new multi-year highs. The Bank of Japan’s dovish...
Sterling Falls Against Dollar and Euro, Focus on BoE
Date: March 28, 2022
By Stefano Rebaudo (Reuters) – Sterling fell against the euro and the dollar on Monday, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. Recent policy updates from the BoE kept downward pressure on sterling as the BoE’s last monetary policy meeting signalled more caution over plans...
Oil Mixed as Dollar Rises, EU Looks Less Likely to Ban Russian Oil
Date: March 22, 2022
By Laura Sanicola (Reuters) -Oil was trading mixed on Tuesday as the dollar strengthened and it looked unlikely that the European Union would pursue an embargo on Russian oil, a day after prices jumped 7% and also rose earlier in the session. EU foreign ministers are split on whether to join the United States in...
Wall Street Stocks, Treasury Yields Rise on Hawkish Fed Comments
Date: March 22, 2022
By Lawrence Delevingne BOSTON (Reuters) – U.S. stocks regained ground on Tuesday, while Treasury yields and Brent crude oil prices continued to climb, as investors adjusted their expectations for interest rate hikes following hawkish comments from the U.S. Federal Reserve. The Nasdaq led Wall Street’s main indexes higher, rising around 1.75%, as investors bought the...
Hungary Ramps up Rate Hikes as War Stokes Inflation Risks
Date: March 22, 2022
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, the biggest hike in the rate since 2008, saying rising energy costs and the war in Ukraine had fuelled inflation risks. The bank, which raised its inflation forecasts for...
Oil Rises Towards $116 as EU Weighs Russian Ban
Date: March 22, 2022
By Alex Lawler LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7% surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in...