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MOSCOW (Reuters) – Russia’s weekly consumer price rise eased slightly in the week to March 27, data from state statistics service Rosstat showed on Wednesday, as authorities seek to bring down inflation which was almost 12% for 2022. Russia’s central bank held its key interest rate at 7.5% earlier this month, maintaining its hawkish stance …

Russian data shows consumer prices rise eased slightly in March Read More »

By Alexander Marrow MOSCOW (Reuters) – Russian President Vladimir Putin on Wednesday pointed to record low unemployment and marginally higher real wages as evidence of a gradual economic recovery, although data showed that consumer demand and industrial output dropped in February. Russia’s export-dependent economy proved unexpectedly resilient in the face of tough Western sanctions last …

Putin looks for positives as Russia’s consumer demand, industrial output slide Read More »

STOCKHOLM (Reuters) – Sweden’s economic downturn this year will not be as deep as previously expected, the leading NIER think-tank said on Wednesday, though households will remain under pressure from a cost of living crisis and higher mortgage rates. The NIER forecast the economy would shrink 0.6% this year against its previous forecast of a …

Swedish NIER think tank sees milder downturn, rates to peak at 3.75% Read More »

WARSAW (Reuters) – Polish central banker Joanna Tyrowicz said monetary policy should remain restrictive until net inflation and wages converge to levels consistent with the inflation target. “As long as net inflation and wages start to approach levels compatible with the inflation target, one cannot say that the central bank has done its job,” Tyrowicz …

Monetary policy in Poland should stay restrictive, say MPC members Read More »

By Mike Dolan LONDON (Reuters) – Cash-like money funds could increasingly suck deposits from smaller U.S. banks until lagging bank savings rates are finally forced up to compete while the Federal Reserve keeps rates high for the rest of the year. Part of the so-called “shadow bank” complex of non-bank financial institutions, money market funds …

Column-Shadow bank boxing as money funds drain deposits :Mike Dolan Read More »

BERLIN (Reuters) – German consumer sentiment is set to nudge up in April as energy prices have relented somewhat from record highs, though a full recovery is not in sight anytime soon, showed a GfK institute survey on Wednesday. The institute forecast its consumer sentiment index to improve to -29.5 heading into April from a …

German consumer morale slows down on path to recovery – GfK Read More »

(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago. Traders now bet the Federal Reserve is practically done hiking interest rates. Optimism that …

Banking turmoil means recession fears are creeping back Read More »

BOAO, China (Reuters) – China’s outstanding green loans currently exceed 22 trillion yuan ($3.2 trillion), accounting for about 10% of the country’s total loan balance, People’s Bank of China Governor Yi Gang said on Wednesday. Separately, China’s green bonds have hit more than 2.5 trillion yuan, Yi said at the Boao Forum in southern China’s …

China’s green loans exceed $3.2 trln, central bank chief says Read More »

OTTAWA (Reuters) -Here are some of the key government measures and proposals outlined in Canada’s 2023-24 budget presented by Finance Minister Chrystia Freeland on Tuesday. – Grocery rebate A one-time grocery rebate, providing C$2.5 billion ($1.84 billion) in targeted inflation relief for 11 million low- and modest-income Canadians and families. – Dental care expansion Proposal …

Factbox-Canada budget 2023-24: key measures and proposals Read More »