monetary-policy
Top StoriesEuro Zone Inflation Soars to New High, Intensifying ECB Dilemma
Top StoriesFutures Make Tentative Gains Ahead of Powell Testimony
InvestingInvestors Seek Bargains as Ukraine Keeps Markets on Edge
TradingSterling Steadies With Focus on Ukraine Tensions and BoE Speeches
Euro Zone Government Bond Yields Rise, Focus on ECB
Date: February 25, 2022
By Stefano Rebaudo (Reuters) – Euro zone bond yields rose on Friday, tracking moves in U.S. Treasuries after falling sharply the previous day as the Russian invasion of Ukraine boosted demand for safe-haven assets. Investors are now looking to see what impact the war will have on the European Central Bank’s future policy decisions, analysts...
BoE’s Mann: Inflation Fears Drove Vote for Half Point Rate Hike
Date: February 25, 2022
By David Milliken LONDON (Reuters) – Bank of England policymaker Catherine Mann said she voted for a half percentage point rise in interest rates this month because she saw little sign that public’s price expectations were easing, which risked causing inflation to stay too high. Mann was one of four Monetary Policy Committee (MPC) members...
Euro Crawls Back as Market Weighs Impact of Sanctions, Invasion
Date: February 25, 2022
By Joice Alves LONDON (Reuters) – The euro edged up on Friday following Thursday’s sharp declines in the wake of Russia’s invasion of Ukraine. The dollar edged lower against most currencies as markets walked back some of the tumultuous moves from the previous day. Russia’s rouble also recovered some ground, trading at around 83.5 per...
Exclusive-ECB Policymakers Told Ukraine War May Shave 0.3%-0.4% Off GDP
Date: February 25, 2022
By Balazs Koranyi and Francesco Canepa PARIS (Reuters) -The European Central Bank’s chief economist Philip Lane has told fellow policymakers that the Ukraine conflict may reduce the euro zone’s economic output by 0.3%-0.4% this year, four people close to the matter told Reuters. This was the “middle scenario” presented by Lane at a Governing Council...
Ukraine Crisis Complicates ECB’s Path to Higher Rates
Date: February 24, 2022
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are gathering on Thursday for what may have become a crisis meeting as Russia’s invasion of Ukraine threatens to derail economic growth in the euro zone and complicate the ECB’s path out of negative interest rates. The ECB’s “informal get-together” was aimed at...
Dollar Surges as Russia Invades Ukraine
Date: February 24, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar jumped and the Russian rouble tumbled to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved towards safe haven assets. Russian forces invaded Ukraine in a massed assault by land, sea and air, the biggest...