By Leika Kihara TOKYO (Reuters) -The Bank of Japan received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases from fiscal year 2026 onward, minutes of a meeting between the bank and financial institutions showed on Monday. Despite a recent spike in super-long yields, a significant …
BOJ urged to keep or slow bond taper pace from fiscal 2026 Read More »
BRASILIA (Reuters) -Brazil’s central bank governor said on Monday that the monetary tightening cycle is still open and that policymakers want to preserve their flexibility to digest incoming data and calibrate the appropriate terminal interest rate. “We are still discussing the hiking cycle,” Gabriel Galipolo said at an event in Sao Paulo. “Flexibility means we …
Brazil central bank chief says tightening cycle still open Read More »
WASHINGTON (Reuters) -The International Monetary Fund on Monday said it had approved a $1.5 billion, two-year precautionary flexible line of credit for Costa Rica, saying it would enhance Costa Rica’s external buffers against potential risks. In a statement, the IMF said its Flexible Credit Line arrangements were reserved for countries with very strong policy frameworks …
IMF approves $1.5 billion, 2-year flexible line of credit for Costa Rica Read More »
By Eric Onstad, Hyunjoo Jin and Hongmei Li LONDON/SEOUL/SINGAPORE (Reuters) -U.S. prices of steel and aluminium spiked on Monday while shares of foreign steelmakers slumped after U.S. President Donald Trump said he would double tariffs on imports of the two metals to 50%. Trump announced on Friday the new steel and aluminium levies, which take …
US aluminium, steel prices jump, shares drop on Trump’s new tariffs Read More »
By Noe Torres and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Remittances sent to Mexico slumped 12.1% in April compared to a year earlier, according to central bank data published on Monday, marking the steepest drop in over a decade as U.S. lawmakers mull a tax on such payments sent abroad. The world’s second-largest recipient of remittances, …
Mexico records steepest monthly remittance decline in nearly 13 years Read More »
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee said on Monday he continues to think the U.S. central bank will be able to lower short-term borrowing costs after the “dirt in the air” of uncertainty from tariff policies gets cleared up. “If we can get past this bumpy period, the dual mandate looks pretty good,” …
Fed likely on track to lower rates after bumpy period, says Goolsbee Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods. President Donald Trump’s aggressive trade policy again dominated commentary from manufacturers in the Institute for Supply Management …
Tariff gloom weighs on US manufacturing; delivery times lengthening Read More »
(Reuters) -Brazil’s Finance Minister Fernando Haddad said on Monday that any changes to a recent increase in the tax on financial transactions (IOF) would be tied to broader corrections of what he described as distortions in financial taxation. The government last month hiked the IOF tax on some transactions to meet its fiscal targets, but …
Brazil’s finance minister links potential IOF tax tweak to financial tax overhaul Read More »
(Reuters) -With the labor market stable, inflation running somewhat above target, and the outlook uncertain, the Federal Reserve is keeping a watchful eye on a broad range of data to judge what response might be needed, Dallas Federal Reserve Bank President Lorie Logan said on Monday,. “Monetary policy is really well positioned for us to …
Fed can be patient, ready to respond if needed: Logan Read More »
By Karol Badohal WARSAW (Reuters) – The National Bank of Poland is expected to keep interest rates unchanged on Wednesday, after a downward adjustment in May, a Reuters poll showed, as wage dynamics remained volatile and economic growth was strong. All but one of the 30 analysts in the poll forecast the NBP would hold …
Polish central bank seen keeping rates steady on Wednesday: Reuters poll Read More »
