By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The U.S. Federal Reserve is considering new rules to break the “stigma” around borrowing from the central bank’s discount window to cover short-term cash needs, Fed vice chair for supervision Michael Barr said on Monday. “We’ve made good progress over the last year,” since the failure of …
Barr: Requiring discount window readiness could break ‘stigma’ Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand trimmed its economic growth forecast for 2024 on Monday despite a better-than-expected expansion in the January-March quarter, saying exports were projected to increase at a slower pace than previously thought due to external risks. Southeast Asia’s second-largest economy grew 1.5% in the first quarter from …
Thailand trims 2024 growth forecast despite strong Q1, as weak exports weigh Read More »
BEIJING (Reuters) – China’s exports to North Korea in April rose at a marginal pace from a year earlier, reversing an annual decline in March, customs data showed on Monday, as Pyongyang affirmed its position to develop long-standing ties with China. China is the chief ally and economic lifeline for North Korea, which has been …
China’s exports to North Korea swing to growth in April Read More »
A look at the day ahead in European and global markets from Tom Westbrook Copper and gold made record highs in Asia trade on Monday and silver surged over $30. The breakout gains were all the more noteworthy while bonds and currencies settled into ranges and with uncertainty rather than optimism on the outlook. World …
Morning Bid: Metals zoom as investors wait on rates Read More »
(Reuters) – U.S. Federal Reserve Governor Michelle Bowman on Friday repeated her view that inflation will fall further with the policy rate held steady, but said she has seen no improvement on inflation this year and remains willing to hike rates should progress stall or reverse. “After seeing considerable progress on slowing inflation last year, …
Fed’s Bowman repeats she’s willing to hike rates if needed Read More »
By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve’s first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed. A weaker Canadian dollar versus the greenback this …
Weaker loonie may not deter Bank of Canada diverging from the Fed Read More »
(Reuters) -China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said. China will cut interest rates of mortgage loans and down-payment ratios for homebuyers to boost lacklustre property demand, …
China to let local governments buy homes, cut mortgage rates to revive property sector Read More »
By Leika Kihara TOKYO (Reuters) – Japan’s weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen’s declines blamed for hurting households via higher import costs. Such pressure will likely prod Bank of Japan Governor Kazuo Ueda to keep dropping hawkish signals …
Analysis-BOJ may face more pressure to hike rates as weak yen hits consumer spending Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank had no immediate plan to sell its huge holdings of exchange-traded funds (ETFs), which is drawing increased attention as a potential source of revenue to fund government initiatives. “We must spend some time in deciding what to do with our …
Bank of Japan in no rush to sell risky asset holdings Read More »
BRASILIA (Reuters) -Brazil’s Finance Ministry on Thursday hiked its projection for economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from recent floods in Rio Grande do Sul state. A finance ministry official also said the government is now expecting fewer interest rate cuts and a higher terminal …
Brazil’s government hikes 2024 GDP forecast, sees higher inflation, terminal rate Read More »
