Reuters US Economy

(Reuters) – Artificial intelligence is speeding the rate at which investors react to specific sentences in central bankers’ speeches and in statements describing their policy actions, Federal Reserve Vice Chair Philip Jefferson said on Friday, but it’s unclear whether that increased speed is boosting or hindering the effective transmission of monetary policy. “For now, I …

Fed’s Jefferson says AI is speeding investors’ reactions to central bankers’ messages  Read More »

By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank is convinced that monetary policy is more restrictive than normal given its guidance for an upcoming interest rate hike, and will adjust it as needed going forward, its monetary policy director, Nilton David, said on Friday. After beginning a tightening cycle in September, the central bank …

Brazil’s central bank director says rates will be adjusted as needed after March Read More »

FRANKFURT (Reuters) – The European Central Bank plans to take a more stringent approach in accepting some collateral in its lending operations as the number of accepted credit rating agencies increases, it said on Friday. The ECB will start to use the second-best credit rating when assessing collateral eligibility on certain assets, instead of its …

ECB to tighten collateral rules as number of accepted rating agencies grows Read More »

BEIJING (Reuters) – China cabinet on Friday held a meeting to study the work related to the service sector, saying the country will roll out new opening up measures in sectors including telecommunications and financial services, state media reported. The cabinet meeting, chaired by Premier Li Qiang, also reviewed and approved an action plan to …

China’s cabinet holds meeting to study service sector measures Read More »

By Sarupya Ganguly BENGALURU (Reuters) – Germany’s struggling housing market will regain some lost ground this year, helped by more European Central Bank interest rate cuts, although there is a sizable risk of price growth undershooting forecasts, a Reuters survey of property experts found. Fueled by years of low interest rates and strong demand, the …

German house prices to climb 3.5% this year, but risk is for weaker rise: Reuters poll Read More »

BANGKOK (Reuters) – A further reduction in Thailand’s policy interest rate would support inflation and improve the debt-servicing capacity of borrowers, the International Monetary Fund said. Given high uncertainty around the economic outlook, authorities should stand ready to adjust monetary policy as needed, the Washington-based IMF said in a statement dated February 20. It said there …

IMF says further Thai rate reduction would support inflation Read More »

By Lucy Craymer WELLINGTON (Reuters) – High-frequency data is consistent with the central bank’s view that New Zealand’s economy bottomed out in the middle of 2024 and started to slowly pick up in December, the chief economist of the Reserve Bank of New Zealand (RBNZ) said on Friday. Paul Conway added in an interview with …

RBNZ chief economist says data consistent with pick-up in economy Read More »