By Steven Scheer JERUSALEM (Reuters) -Israel’s cabinet approved on Sunday a three-year plan that would bring the state’s budget deficit to less than 3% of gross domestic product through 2028, down from an expected 5% this year. Under the Finance Ministry’s plan, the deficit would come in at 2.8% of GDP in 2026 and 2027, …
Israel aims to cut budget deficit to less than 3% of GDP for 2026-28 Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock rebound has driven key indexes to the cusp of record levels, with fresh economic data and trade and fiscal policy developments set to test whether equities will get an extra push higher in the near term. A monthly U.S. inflation report headlines the events for markets …
US stocks edge toward records with inflation data, policy progress in focus Read More »
MADRID (Reuters) -The path of monetary policy easing in the euro zone could require further adjustments if the current macroeconomic and inflation outlooks are confirmed, ECB policymaker Jose Luis Escriva said. Last week, the ECB cut interest rates and hinted at a pause after inflation in the euro zone returned to its 2% target. Escriva, …
ECB’s Escriva sees scope for minor monetary policy easing Read More »
GUARUJA, Brazil (Reuters) -Brazil’s central bank will head to its next interest rate-setting meeting later this month with its options open and a data-driven approach, governor Gabriel Galipolo said on Saturday. “‘Flexibility’ and ‘caution’ are our two key words,” Galipolo told an event hosted by Esfera Brasil. “And flexibility means that we will enter our …
Brazil central bank chief vows flexibility, caution ahead of rate decision Read More »
DUBROVNIK, Croatia (Reuters) -The Bank of England still expects the ongoing rise in UK inflation to fade but is “not sanguine” about it after price growth proved more persistent than anticipated only a few years ago, BoE monetary policymaker Megan Greene said on Saturday. Britain suffered a bigger than expected inflation surge in April – …
Bank of England is ‘not sanguine’ about inflation hump, Greene says Read More »
DUBROVNIK, Croatia (Reuters) -The European Central Bank is “nearly done” cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back …
ECB is ‘nearly done’ with cuts if forecasts hold, Vujcic says Read More »
BEIJING (Reuters) -China’s foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. The country’s foreign exchange reserves, the world’s largest, rose 0.11% to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion …
China’s forex reserves up $3.6 billion in May, less than expected Read More »
(Reuters) -St. Louis Federal Reserve President Alberto Musalem has put the likelihood of Donald Trump’s trade war causing a prolonged surge in inflation at “50-50,” warning that U.S. policymakers would face uncertainty “right through the summer,” the Financial Times reported on Friday. Musalem told the newspaper that while U.S. President Trump’s tariffs could boost inflation …
BOGOTA (Reuters) -Colombian Finance Minister German Avila said on Friday that “paralyzing” the economy to comply with the country’s fiscal rule is not an option and that the government will take steps, including increased borrowing, if needed to ensure growth. His remarks follow news that Colombia may temporarily suspend compliance with the fiscal rule governing …
Colombia will not paralyze economy to comply with fiscal rule, says minister Read More »
MEXICO CITY (Reuters) – Mexico’s annual inflation likely accelerated in May to above the official target, a Reuters poll showed on Friday, complicating the central bank’s efforts to keep cutting its key rate amid a weakening economy. The median forecast from 10 analysts showed a rate of 4.39% for the year-on-year headline inflation rate for …
