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 […]

SHANGHAI, Dec 20 Reuters China cut its lending benchmark loan prime rate LPR for the first time in 20 months on Monday, in a bid to prop up growth in the slowing economy, although it remains wary of loosening conditions in the country39;s highly leveraged property market. The oneyear LPR was lowered by 5 basis […]

Democratic Republic of Congo39;s central bank said it expected to cut its main interest rate in 2022 from 8.5 to 7.5 following a period of macroeconomic stability. The bank said in a statement shared with Reuters on Tuesday that the economy recovered strongly from the impact of the COVID19 pandemic in 2021, growing by an […]

SHANGHAI, Jan 20 Reuters China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before growth bottoms out. With the property downturn seen persisting into 2022 and fastspreading Omicron variant dampening consumer […]

WASHINGTON, Jan 19 Reuters U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of fastrising prices and the strength of recovery. Given the strength of our economy and recent price increases, it39;s appropriate, as … Fed Chairman Jerome […]

LONDON, Jan 27 Reuters The U.S. Federal Reserve has kicked off 2022 with a clear message rates will rise to contain surging inflation. Other central banks have already started the rates liftoff, and even dovish ones are starting to unwind the stimulus unleashed to protect their economies from the COVID19 pandemic. Here39;s a look at […]

Majority of analysts expect 100 bps rate hike Bank of Russia to announce decision at 1030 GMT Friday Governor Nabiullina to hold media briefing at 1200 GMT MOSCOW, Feb 7 Reuters The Russian central bank is expected to raise its key interest rate by a hefty 100 basis points for the second time in a […]

Industrial production in Germany fell by 0.3 for December and by 4.1 on the same month a year earlier. A deeper fall compared to the previous month, while surveyed analysts on average expected production to rise by 0.4 over the same period. The new data underscores the difficult choices the ECB will have to make […]

SHANGHAI, Feb 7 Reuters The Chinese government could take further measures if needed to keep the yuan stable, potentially putting downward pressure on the currency, a former foreign exchange regulator said. Policymakers could increase yuan39;s flexibility, expand capital outflows, or control capital inflows to rein in the yuan, which could deviate from economic fundamentals in […]

Feb 10 Reuters The Reserve Bank of India39;s key lending rate was held steady at record lows on Thursday, but it surprised markets by leaving its key deposit rate unchanged against some economists39; predictions of a hike to realign it with shortterm money market rates. The monetary policy committee held the lending rate, or the […]