Economists cite Fed policy mistake as top economic risk Powell expected to discuss rate cut, policy outlook Survey shows mixed opinions on policy rate, election risks NASHVILLE, Tennessee, Sept 30 Reuters A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that […]

Key borrowing rate now at 10.50, compared to 10.75 before Deputy Governor Jonathan Heath voted to hold rate steady Bank says inflation outlook demands restrictive policy Core inflation rate at lowest level since early 2021 MEXICO CITY, Reuters The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.50 on Thursday, the […]

BENGALURU, Sept 27 Reuters The Reserve Bank of India RBI is expected to cut interest rates by a modest 50 bps over the next six months, according to a majority of economists in a Reuters poll who said it would likely wait until December to start rather than move in October. Inflation held below the […]

Some board members called for more rate hikes July minutes Several others warned against proceeding quickly One member said hard to hike rates 39;automatically39; to neutral Remarks highlight challenge surrounding BOJ39;s ratehike path TOKYO, Sept 26 Reuters Bank of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes […]

SHANGHAI, Sept 25 Reuters China39;s central bank lowered the cost of its mediumterm loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People39;s Bank of China PBOC said it cut the rate on 300 billion yuan 42.66 billion worth […]

Reflationistbacked Takaichi among frontrunners in LDP race Takaichi says stupid for BOJ to raise rates now Analysts see risk Takaichi delays BOJ rate hikes, weakening yen BOJ Ueda says Japan 39;must avoid returning to deflation39; TOKYO, Sept 25 Reuters Political uncertainty and the surprise prominence of a reflationistminded candidate in Japan39;s ruling party leadership race […]

SYDNEY, Sept 24 Reuters Australia39;s central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight to bring inflation to heel, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang. The hawkish stance sent the Australian dollar 0.4 higher to […]

BOJ will raise rates if underlying inflation approaches 2 BOJ has no preset schedule in mind on future rate hikes Underlying domestic inflation seen accelerating, Ueda says Ueda warns of unstable markets, US economic uncertainty OSAKA, Sept 24 Reuters The Bank of Japan can afford to spend time scrutinising market and overseas economic developments in […]

Austria39;s economy is shrinking, with inflation outpacing the EU average EU aims to phase out Russian gas by 2027, but Austria still heavily reliant Election outcome may influence speed of energy diversification VIENNA, Sept 23 Reuters The government that takes power in Austria after next Sunday39;s general election will face growing pressure to diversify its […]

China holds benchmark lending rates steady, confounds markets Analysts expect cuts soon as Fed39;s easing gives Beijing leeway Raft of weak Chinese economic data raises urgency for policy action SHANGHAI, Sept 20 Reuters China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move […]