By Howard Schneider WASHINGTON (Reuters) -An interest rate increase will likely be warranted “shortly after” the Federal Reserve ends its bond purchases in March, and the central bank should also begin reducing its bondholdings as soon as the summer to attack “alarmingly high” inflation, Federal Reserve Governor Chris Waller said on Friday. The Fed this …
By Marco Aquino LIMA (Reuters) -Peru’s central bank said on Friday that it maintains its expectations that the country’s economy will grow 3.4% in 2022, while it revised its guidance for 2021, saying the economy will grow by 13.2% rather than a previous estimate of 11.9%. Central bank president Julio Velarde added in a press …
Peru’s central bank expects economy to grow 3.4% in 2022 Read More »
FRANKFURT (Reuters) -The European Central Bank may be underestimating inflation risks, a diverse group of policymakers said on Friday, just hours after the bank extended stimulus measures to keep boosting price pressures. Inflation has exceeded even the most pessimistic forecasts in recent months and the ECB nearly doubled its 2022 projection on Thursday, but continued …
ECB policymakers warn against inflation complacency Read More »
WARSAW (Reuters) – Poland’s upper house of parliament named on Friday its nominees for becoming members of the central bank’s Monetary Policy Council next year when most of the current cohort’s six-year terms expire, senators said on Friday. Nine of the 10 members of the central bank’s rate-setting body are due to leave their roles …
Poland’s senate names nominees for central bank rate-setting council Read More »
PARIS (Reuters) -After the current rise subsides, inflation in the euro zone will probably enter a new regime above the low levels seen in the years before the COVID crisis, ECB policymaker and French central bank head Francois Villeroy de Galhau said on Friday. Speaking a day after the European Central Bank raised its inflation …
ECB’s Villeroy sees new inflation regime after current rise Read More »
BEIJING (Reuters) – A stock connect scheme linking Shanghai and London will be broadened to include Shenzhen-listed companies, as well as capital markets in Germany and Switzerland, China’s securities regulator said on Friday. Expanding the Shanghai-London Stock Connect scheme helps facilitate cross-border investment and promotes the opening-up of China’s capital markets, the China Securities Regulatory …
Shanghai-London Stock Connect to include Germany, Switzerland Read More »
By Giuseppe Fonte ROME (Reuters) – The Italian government on Friday reached a deal with the ruling parties to cut income and business taxes by about 7.5 billion euros ($8.50 billion) next year, according to an amendment to the 2022 budget before parliament. Rome will also allocate around 4 billion euros to curb energy bills …
Italy agrees tax cuts, energy price curbs in 2022 budget Read More »
(Reuters) – The European Union may take the trade row between China and Lithuania to the World Trade Organisation (WTO) if it finds evidence that Beijing is violating international trade rules, the bloc’s executive Commission said on Friday. China is pressuring German car parts giant Continental to stop using components made in Lithuania amid a …
EU may involve WTO to resolve China-Lithuania trade row, Commission says Read More »
By Fergal Smith and Steve Scherer (Reuters) – With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned despite the threat the Omicron variant poses to growth, analysts said. Last week when it …
Despite Omicron, Bank of Canada likely to signal earlier rate hikes possible Read More »
BERLIN (Reuters) – There is no guarantee that Germany will decide on a successor to Bundesbank President Jens Weidmann at a cabinet meeting next Wednesday, a government spokesperson said. “I cannot promise or confirm that the succession of Jens Weidmann as head of the Bundesbank will be in the cabinet on Wednesday,” Steffen Hebestreit said …
No guarantee Germany will name new Buba chief on Wednesday – govt spokesperson Read More »
