Central banking
Treasury yields fall, with inflation data in focus
U.S. Treasury yields fell early on Thursday, with investors focused on the inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.3270% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved under a basis point lower to 2.4789%. The rate […]
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Poland’s economy is standing strong for now, but the Ukraine war casts a ‘dark cloud’
On a display at a gas station, a liter of diesel costs 7.19 zloty. Refueling is also more expensive than ever in Poland, but still a lot cheaper than in neighboring Germany. Patrick Pleul | Picture Alliance | Getty Images Poland’s economy has had a strong start to the year, but as the war in […]
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Wild moves in Russian stocks as market reopens after monthlong shutdown
A man walks past Moscow’s stock market building in downtown Moscow on February 28, 2022. Natalia Kolesnikova | Afp | Getty Images Russia’s stocks moved sharply on Thursday, after the market partially reopened for limited trading after its longest shutdown since the fall of the Soviet Union. The Moscow Exchange resumed trading in 33 Russian […]
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UK announces urgent fuel tax cut to fight cost of living crisis
Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street to announce the Treasury’s one-year spending review in the House of Commons in London, England, on November 25, 2020. David Cliff/NurPhoto via Getty Images LONDON — U.K. Finance Minister Rishi Sunak on Wednesday announced an immediate cut to fuel taxes in a bid to mitigate […]
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Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement. A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers […]
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UK inflation hits fresh multi-decade high of 6.2% on surging energy prices
LIVERPOOL, UNITED KINGDOM – JANUARY 23: On the day that Britain officially enters a recession shoppers walk through Liverpool city centre on January 23, 2009 in Liverpool, United Kingdom. Figures announced today confirm that the UK is officially in a recession for the first time since the early 1990s after GDP fell in two successive […]
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Central banks face tough decisions after Russia’s invasion. Not everyone’s sure they’ll get it right
A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022. Brendan McDermid | Reuters LONDON – Just as many central banks had set their sights on normalizing monetary policy as economies emerged from the coronavirus pandemic, […]
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Washington’s ‘trigger-happy’ sanctions may push countries away from the dollar, says think tank
The U.S. has been “extremely trigger-happy” with stinging economic measures, and central banks may decide to diversify their portfolio of foreign reserves instead of relying heavily on the U.S. dollar, according to the co-director of the Institute for the Analysis of Global Security. “Central banks are beginning to ask questions,” said Gal Luft of the […]
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Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022. U.S. Federal Reserve | via Reuters Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes […]
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Russia central bank warns of ‘large-scale structural transformation’ for economy, holds rates at 20%
Russian President Vladimir Putin chairs a meeting with members of the Security Council via a video link at the Novo-Ogaryovo state residence outside Moscow, Russia February 18, 2022. Mikhail Klimentyev | Sputnik | via Reuters The Central Bank of Russia on Friday held its monetary policy steady and maintained its key interest rate at 20%, […]
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