By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday left its cash rate steady as expected at 3.60%, saying recent data suggested inflation might be higher than forecast in the third quarter and that the economic outlook remained uncertain. Wrapping up a two-day policy meeting, the Reserve Bank of Australia said …
Australia’s central bank holds rates steady, cautious on inflation Read More »
By Joe Cash BEIJING (Reuters) -China’s manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal. The official purchasing managers’ index (PMI) rose to a six-month high of 49.8 in …
China factory activity shrinks again as firms watch for stimulus, US trade deal Read More »
By Fergal Smith TORONTO (Reuters) -Canada’s main stock index rose to another record high on Monday, as technology shares climbed and investors who are upbeat on prospects for the global economy cheered the index’s heavy weighting in cyclical stocks. The S&P/TSX composite index ended up 210.63 points, or 0.7%, at 29,971.91, eclipsing last Monday’s record …
Technology shares help lift TSX to another record high Read More »
By Michael S. Derby (Reuters) -A day ahead of what is expected to be very volatile conditions in money markets, a top Federal Reserve Bank of New York official said on Monday that markets are still flush with liquidity, central bank tools are in place to manage temporary hiccups, and in any case some level …
NY Fed official flags strong liquidity ahead of potentially choppy quarter end Read More »
LIMA (Reuters) -Peru should implement economic measures to counter political uncertainty that is expected to intensify ahead of the 2026 general elections, the Organisation for Economic Co-operation and Development said in a report published on Monday. WHY IT’S IMPORTANT The recommendations from the OECD aim to bolster Peru’s economy, as political instability and social protests …
As Peru election nears, economic gains seen at risk, OECD says Read More »
WASHINGTON (Reuters) -St. Louis Federal Reserve President Alberto Musalem said he was open to further interest rate cuts but the Fed must be cautious and keep rates high enough to continue to lean against inflation that remains roughly a percentage point above the central bank’s 2% target. “Monetary policy is now somewhere between modestly restrictive …
Fed’s Musalem: Open to further cuts but must be cautious Read More »
By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel kept short-term interest rates unchanged on Monday, citing Israel’s push deeper into Gaza along with persistent inflation, while warning over the impact of the country’s growing global isolation. The central bank held its benchmark rate at 4.50% for the 14th meeting in a row. In a …
Bank of Israel holds rates, warns over Israel’s growing isolation Read More »
(Reuters) -Brazil’s central bank continues to see signs of resilience in the country’s economy despite indications of an overall slowdown, its governor said on Monday, adding that the authority would maintain a data-driven approach to monetary policy. Gabriel Galipolo’s remarks came as the bank earlier this month held interest rates at a near two-decade high …
Brazil central bank still sees signs of economic resilience, says governor Read More »
By Marcela Ayres (Reuters) -Brazil Finance Minister Fernando Haddad does not believe the country can put its public finances in order without also addressing the need for economic growth, he said on Monday. “This should not be confused with any leniency toward inflation,” he added during remarks at an event hosted by Itau BBA in …
Brazil’s finance minister says public finances cannot be fixed without economic growth Read More »
(Reuters) -The Bank of Israel held interest rates steady on Monday. Following are the main points of the bank’s post-meeting statement. * In view of the intensification of the fighting in Gaza and a deterioration in international sentiment toward Israel, uncertainty in the geopolitical environment is high. * In the coming months, inflation is expected …
Bank of Israel’s statement after monetary policy meeting Read More »
