WELLINGTON (Reuters) – New Zealand house prices rose slightly in October on the prior month but buyers remain hesitant as mortgage interest rates continue to rise, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house values rose 0.7% in October compared with the previous month, but were down 7.5% …
New Zealand house prices down 7.5% on year -REINZ Read More »
By Fergal Smith TORONTO (Reuters) -Ontario on Monday projected a smaller budget deficit for the current fiscal year as robust economic growth boosted tax revenues in Canada’s most populous province, but it also forecast activity would slow in 2023, a fiscal update showed. The province said it expected a budget deficit of C$12.9 billion ($9.70 …
Canadian province of Ontario cuts deficit forecast, braces for slowdown Read More »
By Howard Schneider and Ann Saphir (Reuters) -The Federal Reserve will likely soon slow its interest rates hikes, Fed Vice Chair Lael Brainard signaled on Monday, as the U.S. central bank tries to figure out how high borrowing costs need to go and how long they should stay there to bring down inflation. “I think …
By Nelson Acosta and Marc Frank HAVANA (Reuters) – Cuba has cut by half its original forecast for growth in 2022, the head of its chamber of commerce said on Monday, as the Caribbean island nation struggles to jumpstart its ailing economy and all-important tourism industry. Cuba’s economy is expected to grow 2% this year, …
Cuba slashes growth forecast as economic crisis grinds on Read More »
MEXICO CITY (Reuters) – The Bank of Mexico’s “synchronization” with the U.S. Federal Reserve on monetary policy is conditional, central bank board member Galia Borja said at an event Monday. (Reporting by Valentine Hilaire; Editing by Anthony Esposito)
By Nevzat Devranoglu ANKARA (Reuters) -Turkey’s central bank has put the finishing touches to a reserve-management system that has stabilised the lira currency ahead of elections in 2023, thanks to nearly 100 new regulations this year, industry sources and officials said. The policy, adopted in the wake of a historic currency crash a year ago, …
Turkey central bank firms grip on lira as election approaches Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the present in order to achieve sustainable and stable inflation accompanied by wage growth. Wage inflation, which has lagged policymakers expectations, is set to again take centre …
BOJ’s Kuroda vows to continue monetary easing for now, focuses on wages Read More »
WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday welcomed a deal reached by Chad’s creditors and said it would reduce the risk of debt distress and protected the central African country against downside risks, including lower oil prices. “We have been waiting for this day,” IMF Managing Director Kristalina Georgieva said …
IMF says Chad debt deal cuts risks, protects against lower oil prices Read More »
KYIV (Reuters) – The alert ‘UKRAINE CENTRAL BANK PREPARES BANKING SYSTEM TO WORK IN EMERGENCY CONDITIONS IN CONNECTION WITH POSSIBLE BLACKOUTS’ and story are wrong and are withdrawn. They were based on a message posted on a Telegram channel that is not the official channel of the central bank, a bank spokeswoman said, denying any …
Ukraine central bank says it is preparing banking system for blackouts Read More »
FRANKFURT (Reuters) – Germany’s IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations in the states of Hesse, Thuringia and Rhineland-Palatinate, the union said. The union, which represents metal and electric industry workers, have called for an 8% …
Germany’s IG Metall union calls for further strikes on Monday Read More »
