July 25 Reuters Federal Reserve policymakers are seen leaving their shortterm interestrate target in the 5.255.50 range next week and waiting until September to start a string of quarterpoint reductions, after fresh data showed the U.S. economy regained steam last quarter. Before the data, traders had priced in about a 9 chance of a rate […]

Economists expect close vote at next week39;s BoE meeting Markets see 50 chance of a quarterpoint rate cut Inflation back at 2 target but set to rise again Wage growth and services prices still too high for BoE Rate decision due at 1100 GMT on Aug. 1   LONDON, July 26 Reuters The Bank of […]

MOSCOW, July 26 Reuters Russia39;s central bank hiked its key interest rate by 200 basis points to 18 on Friday, the highest level in more than two years, and vowed to continue tightening until inflation rates in an overheated economy come down. The bank also raised its inflation forecast for 2024 to 6.57.0, well above […]

WASHINGTON, July 25 Reuters The U.S. Senate is set to vote on Thursday on two online safety bills that would force social media companies to take responsibility for how their platforms affect children and teens, a step parents and advocates have demanded for years. The bills have broad bipartisan support and are expected to pass […]

LONDON, July 24 Reuters Bank of England Chief Economist Huw Pill said earlier this month that it was an open question whether the BoE would cut interest rates on Aug. 1, despite inflation returning to its 2 target, as underlying price pressures showed uncomfortable strength. In June, the BoE39;s Monetary Policy Committee voted 72 to keep […]

RIO DE JANEIRO, July 23 Reuters Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies. The socalled Pillar 1 arrangement, part […]

ISTANBUL, July 23 Reuters Turkey39;s central bank held its policy rate steady at 50 on Tuesday as expected and repeated it remains highly attentive to inflation risks, even as it expects disinflation to gain strength after a welcome turnaround last month. The central bank last raised interest rates in March, by 500 basis points, and […]

Policy agenda borrows heavily from 2013 playbook Markets less enthusiastic than a decade ago Industrial focus worries those calling for structural reform Analyst sees 6month grace period from markets on implementation BEIJING, July 22 Reuters As imbalances in China39;s economy deepen, pressure is growing on Beijing to deliver on the decadeold policy promises it revived […]

SHANGHAISINGAPORE, July 19 Reuters China is expected to leave benchmark lending rates unchanged on Monday, while more market participants project further monetary easing to aid the economy following weakerthanexpected secondquarter economic data, a Reuters poll showed. A fragile yuan, China39;s lower interest rates versus other major economies, monetary policy divergence and narrowing interest margins at […]

BERLIN, July 16 Reuters The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers39; imports of Chinamade EVs, two sources with knowledge of the matter said. The European Commission was willing to classify the two carmakers as 39;cooperating companies39;, the sources said, making them eligible for a 20.8 […]