Central banking
BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. Kazuhiro Nogi | AFP | Getty Images The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. […]
Read More
European Central Bank holds interest rates, says domestic price pressures ‘still high’
The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in June. “Monetary policy is keeping financing conditions restrictive. At the same time, domestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year,” the ECB’s Governing Council […]
Read More
Watch: ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision. The central bank left interest rates unchanged on Thursday, after implementing a cut […]
Read More
European Central Bank set to hold rates with inflation picture muddying demand for cuts
Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank is set to keep interest rates steady this week after cutting in June for the first time since September 2019. The hold […]
Read More
UK inflation holds steady at Bank of England’s 2% target, above expectations
Alexander Spatari | Moment | Getty Images U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came in above analyst expectations at 1.9%, according to economists polled by Reuters, and was in line with the previous 2% reading in May. Sterling rose […]
Read More
‘It’s not just Taylor Swift’: ECB’s Lagarde suggests Eras Tour is not by itself in maintaining euro zone inflation large
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at the Aviva Stadium in Dublin, Eire, on June 28, 2024. Charles Mcquillan/tas24 | Getty Photos Amusement | Getty Images European Central Lender President Christine Lagarde stated Tuesday that Taylor Swift’s Eras Tour is not by yourself in trying to keep inflation superior across […]
Read More
Powell states Fed has manufactured ‘quite a little bit of progress’ on inflation but desires a lot more assurance in advance of cutting
U.S. Federal Reserve Bank Chair Jerome Powell announces that fascination rates will keep on being unchanged all through a information convention at the Federal Reserves’ William McChesney Martin making on June 12, 2024 in Washington, DC. Kevin Dietsch | Getty Photographs Federal Reserve Chair Jerome Powell expressed pleasure Tuesday with the progress on inflation more […]
Read More
Markets will be ‘upset’ if new French federal government does not commit to fiscal procedures, European Central Bank’s vice-president says
French markets will be “upset” if the country’s new govt does not adhere to the European Central Bank’s new fiscal regulations, Luis de Guindos, the institution’s vice president, claimed on Tuesday. De Guindos told CNBC’s Annette Weisbach that last month’s French bond market moves experienced not been a bring about for worry that would have […]
Read More
Fed and European Central Bank could reduce desire charges in September, Morgan Stanley strategist states
U.S. Federal Reserve Chair Jerome Powell delivers remarks through a press conference following the announcement that the Federal Reserve left interest premiums unchanged, in Washington, U.S., June 12, 2024. Evelyn Hockstein | Reuters The U.S. Federal Reserve and European Central Lender could move to slice curiosity rates in September as vital info presents further signs […]
Read More
Sweden’s central bank chief suggests 2 to 3 extra charge cuts this 12 months is a ‘forecast not a promise’
Sweden’s Riksbank on Thursday claimed it may well lower interest charges up to a few a lot more occasions this yr — as the central bank’s governor, Erik Thedéen, warned it will have to commence with caution. “Two or 3 cuts is a forecast, it really is not a assure, and we will adapt financial […]
Read More