COPENHAGEN (Reuters) – Denmark’s government expects inflation to fall to 3.9% this year, in line with the central bank’s forecast, according to a finance ministry report set to be released on Thursday, Danish broadcaster TV 2 reported. Inflation, which stood at 7.7% last year, is expected to fall further to 2.8% next year, according to …
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.5% in February, unchanged from January and lower than forecast, official data showed on Thursday, though while analysts said core inflation appeared to have peaked, prices remained at historic highs. February’s core inflation rate – which excludes private road transport and accommodation costs …
Singapore core inflation steady at 5.5%, focus on April policy review Read More »
By Lucy Craymer and Wayne Cole WELLINGTON (Reuters) -A top New Zealand central banker on Thursday said interest rates were clearly in contractionary territory and causing a welcome slowdown in demand in the economy, though it was not yet clear that inflation expectations were under control. Reserve Bank of New Zealand (RBNZ) Chief Economist Paul …
New Zealand central bank says economy slowing, still not sure if rates high enough Read More »
By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system. With the collapse of Silicon Valley Bank and Signature Bank and the U.S. …
Explainer-How safe is my money in a U.S. bank and what is insured? Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – First the record wager on higher U.S. interest rates, now the record wipe out. Commodity Futures Trading Commission (CFTC) data released on Tuesday shows just how badly hedge funds and speculators were wrong-footed by the violent reversal in near-term interest rate expectations triggered by the U.S. and Swiss …
Column-Funds suffer record reversal on record US rate bets: McGeever Read More »
DUBAI (Reuters) – The Saudi Central Bank said on Wednesday it hiked its key interest rates by 25 basis points, mirroring the U.S. Federal Reserve’s move as the Saudi riyal is pegged to the dollar. The Saudi Central Bank, also known as SAMA, raised its repo and reverse repo rates by 25 bps each to …
Saudi Central Bank mirrors Fed to raise rates by 25 bps Read More »
DUBAI (Reuters) – The Central Bank of the United Arab Emirates will raise its base interest rate by 25 basis points to 4.9%, effective Thursday, state news agency WAM said, matching the U.S. Federal Reserve’s hike, as the dirham is pegged to the dollar. The central bank will maintain the rate on borrowing short-term liquidity …
UAE central bank lifts base rate by 25 bps to match Fed –state news agency Read More »
BRASILIA (Reuters) -Brazil’s government forecast on Wednesday that this year’s primary deficit will be significantly below the official target, helped by a jump in expected tax revenue. The Finance and Planning Ministries projected a primary budget deficit of 107.6 billion reais ($20.6 billion) for the central government this year, equal to 1.0% of GDP, according …
Brazil halves 2023 primary deficit estimate due to higher tax revenue Read More »
By Marcela Ayres, Bernardo Caram and Luana Maria Benedito BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva has agreed to nominate a financial market veteran and a public servant for two key positions at the central bank, whose decisions he has blasted recently, three people familiar with the matter said. The sources, requesting …
By Mike Dolan LONDON (Reuters) – If this month’s U.S. banking stress owes at least something to the Federal Reserve’s reduction of its mammoth balance sheet, then the central bank may now find itself digging deeper into a hole of its own making. Long-standing critics of “quantitative easing” (QE) have for more than a decade …
Column-QE sceptics fear Fed is in a hole :Mike Dolan Read More »
