monetary-policy
TradingEuro Struggles to Hold to post-ECB Gains, Dollar Hits 5-year Peak on Yen
Top StoriesGlobal Central Banks Stay Inflation-Focused, See Growth Continuing Despite War
Top StoriesECB to Turn Off Money Taps at Ukraine ‘watershed’ Moment
InvestingECB’s Hawkish Surprise, War Tensions Pressure European Stocks
Lagarde Comments at ECB Press Conference
Date: March 10, 2022
FRANKFURT, March 10 (Reuters) – The European Central Bank plans to end asset purchases in the third quarter, it said on Thursday, accelerating its exit from extraordinary stimulus in a surprise move, as soaring inflation outweighs concerns about Russia’s shock invasion of Ukraine. Following are highlights of ECB President Christine Lagarde’s comments at a news...
German Real Yields Fall to New Record Lows on Stagflation Fears
Date: March 7, 2022
By Stefano Rebaudo MILAN (Reuters) -Surging inflation expectations triggered by possible sanctions on Russian oil drove euro zone real government bond yields to fresh record lows on Monday, amid rising fears of a stagflationary shock for the European economy. Brent crude prices soared to their highest levels since 2008 after the United States and European...
German Real Yields Fall to New Record Lows on Stagflation Fears
Date: March 7, 2022
By Stefano Rebaudo MILAN (Reuters) – Surging inflation expectations triggered by possible sanctions on Russian oil drove euro zone real government bond yields to fresh record lows on Monday, amid rising fears of a stagflationary shock for the European economy. Brent crude prices soared to their highest levels since 2008 after the United States and...
Sterling Falls 1% Versus Dollar, Rises Against Euro
Date: March 4, 2022
LONDON (Reuters) – Sterling declined 1% to $1.3216 as the dollar strengthened against a basket of currencies on safe-haven demand and Fed rate hike expectations following robust U.S. labour market data. Russian forces seized Europe’s largest nuclear power plant on Friday in what Washington called a reckless assault that risked catastrophe. Meanwhile, data showed that...
Analysis-War in Ukraine Puts Pressure on East European Banks to Prop up Sinking Currencies
Date: March 4, 2022
By Gergely Szakacs and Alan Charlish BUDAPEST/WARSAW (Reuters) – Russia’s invasion of Ukraine is putting pressure on central banks along the European Union’s eastern flank to prop up their weakening currencies, forcing Czech and Polish rate-setters into market interventions and Hungary into prolonged rate hikes. The market sell-off in the wake of the Russian invasion...
Euro Sinks to Multi-Year Lows Versus Dollar, Swiss Franc and Sterling
Date: March 4, 2022
By Joice Alves LONDON (Reuters) – The euro fell to a seven-year low versus the Swiss franc and hit its lowest point in almost two years versus the dollar on Friday as the war in Ukraine lowered expectations of European economic growth. The European single currency fell 2.1% this week, and was set for its...