LONDON, July 4 Reuters British Prime Minister Boris Johnson said on Monday OPEC must produce more oil to try to tackle a growing costofliving crisis and bring down prices. There is no doubt that we are going to need a lot more OPEC oil, he told parliament, referring to a group that includes Saudi Arabia, […]

G7 invites other nations to explore cap on Russian oil price Scholz sees no end to sanctions till Putin accepts failure G7 will commit up to 5 bln to fight hunger U.S. official G7 leaders commit to climate club, make carboncutting pledges SCHLOSS ELMAU, Germany, June 28 Reuters The Group of Seven economic powers have […]

RBA raises cash rate 50bp to 0.85, above market wagers Says more hikes will be needed to control rising inflation Markets price in more 50bp moves, yields hit decade highs SYDNEY, June 7 Reuters Australia39;s central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as […]

TAIPEI, June 10 Reuters The United States understands Taiwan39;s exchange rate policy stance and the two sides have good communication, a Taiwanese central bank official said on Friday, after the U.S. Treasury put Taiwan on its monitoring list. The U.S. Treasury said Taiwan continued to exceed some thresholds for possible currency manipulation and moved the […]

Will focus reinvestments on highdebt members To devise new tool Markets disappointed Lagarde to speak at 1620 GMT FRANKFURTMILAN, June 15 Reuters The European Central Bank promised fresh support on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro area39;s southern rim but appears to have […]

BoE will raise Bank Rate to 1.25, investors think Some economists see chance of a bigger increase Sunak39;s latest costofliving support lowers recession risk Markets betting on Bank Rate at 3.0 by March 2023 LONDON, June 10 Reuters The Bank of England looks set to raise interest rates next week for the fifth time since […]

Rate hike in July all but a done deal 50 bps move increasingly likely Inflation rising, broadening Decision at 1145 GMT, press conference at 1230 GMT FRANKFURT, June 9 Reuters The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, […]

MILAN, June 1 Reuters Deutsche Bank economists have ramped up expectations over European Central Bank policy tightening and now expect one of the two interest rate hikes in the third quarter to be a 50 basis points hike, more likely in September than July. A 50bp hike is not inconsistent with the reaction function presented […]

May 26 Reuters Russia39;s central bank slashed its key interest rate to 11 on Thursday and said it saw room for more cuts this year, as inflation slows from more than 20year highs and the economy heads towards a contraction. It announced the move, which followed two previous 300 basis point cuts which took the […]

WARSAW, May 23 Reuters Poland said on Monday it had terminated its agreement with Russia to receive Russian gas via the Yamal pipeline, after Warsaw rejected a demand to pay for the fuel in roubles and Moscow responded by cutting off supplies in April. Polish Climate Minister Anna Moskwa, who announced the decision on Twitter, […]