Reuters US Economy Archives - Page 242 of 866

Bank of England’s PRA sets out recognised exchange policy proposals

19 Mar 2025 19 Mar 2025

LONDON (Reuters) – Britain’s Prudential Regulation Authority on Wednesday proposed reforms to rules governing recognised exchanges, with a view to ensuring the continued safety and soundness of trading and clearing activities in the UK. The PRA proposals mainly address the conditions under which an overseas exchange can be defined as a recognised exchange in the …

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Barclays lifts STOXX 600 target as Germany boosts fiscal spending

19 Mar 2025 19 Mar 2025

(Reuters) -Barclays raised its year-end target for Europe’s benchmark STOXX 600 index on Wednesday, as Germany’s fiscal reform will raise long-term growth prospects for the region. The brokerage raised its forecast for the benchmark to 580 from 545 points, an upside of 4.6% to the index’s last close. Germany’s parliament approved plans for a massive …

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South Africa inflation steady, central bank seen holding rates

19 Mar 2025 19 Mar 2025

By Bhargav Acharya and Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s inflation rate was steady at 3.2% year on year in February,, the statistics agency said on Wednesday, a day before the central bank is expected to pause its rate-cutting cycle. Economists had forecast annual inflation would pick up slightly to 3.3%, still well below 4.5% …

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Morning Bid: Central banks take the limelight, briefly

19 Mar 2025 19 Mar 2025

A look at the day ahead in European and global markets from Tom Westbrook Investors’ attention looks set to switch, briefly, to monetary policy for the rest of the week, from its usual recent fixation with trade and politics. The Federal Reserve is up first, later today, followed on Thursday by the Bank of England, …

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Economists see Singapore’s 2025 growth at 2.6%, central bank survey shows

19 Mar 2025 19 Mar 2025

By Bing Hong Lok SINGAPORE (Reuters) – Economists expect Singapore to grow 2.6% this year, near the midpoint of the government’s forecast range, a survey by the central bank published on Wednesday showed, with geopolitical and trade tensions seen as the biggest downside risks. The median forecast for 2025’s growth came from 20 economists surveyed …

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Colombia’s finance minister steps down after budget clash with president

19 Mar 2025 19 Mar 2025

BOGOTA (Reuters) -Colombian Finance Minister Diego Guevara announced his resignation on Tuesday, amid clashes over budget cuts and just hours after lawmakers rejected a labor reform championed by leftist President Gustavo Petro. Analysts say Guevara’s exit, after just over three months in the role, underscores uncertainty about the future of Colombia’s deeply-troubled public finances. Guevara, …

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Thai economy to grow slightly above 2.5%, recovery more uneven, central bank minutes show

19 Mar 2025 19 Mar 2025

BANGKOK (Reuters) -Thailand’s economy was seen growing slightly more than 2.5% this year, less than earlier expected, minutes of the Bank of Thailand’s February 26 monetary policy meeting showed on Wednesday, with its economic recovery becoming more uneven. At the meeting, the BOT’s monetary policy committee voted 6-1 to cut the one-day repurchase rate by 25 …

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UK pay rises fall back in line with inflation, Brightmine says

19 Mar 2025 19 Mar 2025

LONDON (Reuters) – Pay increases granted by British employers have fallen back in line with inflation for the first time since October 2023, according to data from human resources data firm Brightmine that is likely to be welcomed by the Bank of England. Brightmine said employers were cautious before April’s rise in payroll taxes and …

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Brazil central bank to offer $4 billion in dollar auctions with repurchase deal

19 Mar 2025 19 Mar 2025

SAO PAULO (Reuters) – The Brazilian central bank announced on Tuesday it will offer a total of up to $4 billion through dollar auctions with repurchase agreement on Wednesday and Thursday, selling a maximum of $2 billion on each day. The bank said in statements that the deals aim to roll over contracts expiring on …

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NZ economy to limp out of recession, backing case for more rate cuts

18 Mar 2025 18 Mar 2025

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy likely crept out of recession in the fourth quarter but the overall growth impulse still remains weak, clearing the way for the central bank to continue cutting interest rates to boost demand and confidence. Gross domestic product (GDP) is forecast to have risen 0.4% in the …

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