Reuters US Economy Archives - Page 106 of 866

South African central bank lowers inflation goal without minister’s sign-off

31 Jul 2025 31 Jul 2025

By Kopano Gumbi, Sfundo Parakozov and Alexander Winning PRETORIA (Reuters) -South Africa’s central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the finance minister not yet signing off on a formal target change, as it lowered its main lending rate again. South African Reserve Bank Governor Lesetja Kganyago has …

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Mozambique central bank cuts key rate by another 75 basis points

31 Jul 2025 31 Jul 2025

MAPUTO (Reuters) -Mozambique’s central bank cut its benchmark interest rate by 75 basis points to 10.25% on Thursday, saying it expects inflation to remain in single digits over the medium term. The Bank of Mozambique has now lowered the MIMO lending rate for 10 policy meetings in a row in an easing cycle stretching back …

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Canada’s GDP shrinks in May, could avoid contraction in second quarter

31 Jul 2025 31 Jul 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s Gross Domestic Product shrank 0.1% in May on a monthly basis as expected but is likely to regain the lost ground in June as some sectors rebound, data showed on Thursday. An advanced estimate showed GDP is likely to have expanded by 0.1% in June, and on an annualized …

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South African central bank governor’s comments on rate decision

31 Jul 2025 31 Jul 2025

PRETORIA (Reuters) -Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank’s latest interest rate decision. DECISION “Against this backdrop, the MPC (Monetary Policy Committee) decided to reduce the policy rate by 25 basis points, to 7%, with effect from the 1st of August. …

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Morning Bid: Megacaps boom, dollar surge cools

31 Jul 2025 31 Jul 2025

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Blowout results from megacaps Microsoft and Meta catapulted U.S. stock futures up more than 1% on Thursday, while an overnight dollar surge on hawkish noises from the Federal Reserve cooled a touch as the …

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Dollar’s surprise rebound stymies anti-Trump trades

31 Jul 2025 31 Jul 2025

By Naomi Rovnick LONDON (Reuters) -Investors’ conviction that U.S. President Donald Trump’s tariffs and debt spree would spark long-term pain for the dollar and U.S. stocks is crumbling, signaling pain ahead for assets across Europe and emerging markets that were boosted by this view. The dollar, which suffered its worst first-half performance since 1973 this …

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Italy July EU-harmonised CPI decelerates to 1.7% y/y, ‘core’ inflation stable

31 Jul 2025 31 Jul 2025

ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) fell a preliminary 1.0% month-on-month in July, with annual inflation slightly decelerating to 1.7%, data showed on Thursday. The reading for the year-on-year rate was just above a median forecast in a Reuters survey of 17 analysts, which pointed to an increase of 1.6%, whereas the monthly rate …

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Investors react to BOJ decision to keep rates steady

31 Jul 2025 31 Jul 2025

(Reuters) -The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan’s trade deal with the U.S. would help the economy avert a steep downturn. As widely expected, the central bank maintained short-term interest rates at 0.5% by a unanimous vote …

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Japan’s FX reserve account reaps record surplus in FY2024

31 Jul 2025 31 Jul 2025

TOKYO (Reuters) -Japan logged a record surplus of $36 billion from a special government account for foreign exchange reserves in the last fiscal year through March, thanks to solid returns on foreign assets which were amplified by a weaker yen. The surplus from the special account, which manages foreign exchange reserves for currency market interventions, …

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Australia’s central bank welcomes Q2 inflation data, deputy governor says

31 Jul 2025 31 Jul 2025

SYDNEY (Reuters) -Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on Thursday, but added the bank remained cautious about the interest rate outlook. At the Barrenjoey Economic Forum in Sydney, Reserve Bank of Australia Deputy Governor Andrew Hauser reiterated the central bank’s gradual …

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