ZURICH, Dec 16 Reuters The Swiss National Bank stuck to its ultraloose monetary policy on Thursday, diverging from the tightening path being taken by a growing number of central banks and despite higher inflation and a surge in the value of the safehaven Swiss franc. The SNB said its current policy, combining the world39;s lowest […]

The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for fighting climate change, joining a growing number of central banks stepping up efforts to address its economic and financial fallout. The central bank also maintained its massive stimulus to support the economy and extended a September deadline for its […]

JERUSALEM Reuters All six rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.1 on July 5, minutes of the discussions showed on Monday. They were of the view that the low level of the interest rate supports the continued recovery of economic activity, the central bank said. In […]

FRANKFURT Reuters European Central Bank policymakers are set for a showdown next week as they chart a new policy path amid growing fears of a third wave of coronavirus infections. The guidance update is made necessary by the ECBs new strategy, which says the central bank should let inflation across the 19 countries that use […]

China will base the pace and intensity of monetary policy on the domestic economy and inflation trends in the second half of the year, a central bank official said on Tuesday, following a surprise cut in bank reserves to bolster the economic recovery. Sun Guofeng, head of the monetary policy department at the Peoples Bank […]

RBNZ to hold rates at 0.25 poll RBNZ to acknowledge stronger starting point ANZ Markets pricing rate hike in November WELLINGTON, July 12 Reuters New Zealands central bank will leave monetary policy unchanged this week but could start to raise rates later this year, according to a Reuters poll, following recent data that showed rising […]

SYDNEY Reuters Australias top central banker on Thursday sought to drive home the message that a stepdown in bond purchases did not represent a withdrawal of support, rejecting views it had embarked on a policy tightening path. The Reserve Bank of Australia RBA on Tuesday announced it would scale back its government bond purchases from […]

ISTANBUL Reuters Turkish Central Bank Governor Sahap Kavcioglu said on Friday the policy rate will be set above actual and expected inflation , according to two sources who are participating in the banks investor meeting. In his speech, Kavcioglu said the benchmark rate will be kept above inflation until strong indicators pointing to a lasting […]

LONDON Reuters Britains finance minister pledged on Thursday to sharpen the competitive advantage of the UK financial services sector as he set out his vision for its future after Brexit. In his first Mansion House speech, traditionally an annual address given by the Chancellor of the Exchequer in the City of London financial district, Rishi […]

European Central Bank member Jens Weidmann has said the massive coronavirus stimulus program should be scaled back stepbystep, but others are worried about a premature lifting of the measures. It is the big question on the ECBs table when to lift the pandemic emergency purchase program known as PEPP, which is currently set to last […]