BRASILIA (Reuters) -Brazilian economists cut their outlook for interest rates at the end of 2026 after more than seven months of steady forecasts, a weekly central bank survey showed on Monday, days before the next policy decision. The median estimate from more than 100 respondents now puts the benchmark Selic rate at 12.38% at the …
Brazil economists trim end-2026 interest rate forecast after seven months Read More »
BRASILIA (Reuters) -Brazil’s economic activity declined more than expected in July, marking a third consecutive monthly decline, a central bank index showed on Monday, highlighting a slowdown in Latin America’s largest economy as borrowing costs remain high. The IBC-Br index, a proxy for gross domestic product, fell 0.5% in July from the previous month on …
Brazil economic activity falls more than expected in July Read More »
By Rahul Trivedi BENGALURU (Reuters) -Indonesia’s central bank will pause its easing cycle on Wednesday according to a Reuters poll of economists published a week after the removal of Finance Minister Sri Mulyani Indrawati rattled investor confidence and weakened the rupiah. Indrawati’s sudden exit erased most of the rupiah’s gains following a U.S. trade deal …
Bank Indonesia to hold rates this week as political shake-up hits rupiah: Reuters poll Read More »
TORONTO (Reuters) -Canadian home sales rose for a fifth straight month in August as increased activity in the regions of Montreal, Greater Vancouver and Ottawa offset a decline in the Greater Toronto Area, data from the Canadian Real Estate Association showed on Monday. Seasonally adjusted sales rose 1.1% last month from July to 43,276 units. …
Canadian home sales rise for fifth straight month in August Read More »
NAIROBI (Reuters) -Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years due to policy weaknesses, unfavourable market conditions and inflation, according to a study by Moody’s Ratings published on Monday. Although economies in the region face ever-rising funding needs to keep development and growth on …
Sub-Saharan Africa’s major economies hit by high finance costs, Moody’s says Read More »
MONTREAL (Reuters) – Canadian Prime Minister Mark Carney announced on Sunday a new federal agency supported by an initial C$13 billion ($9.39 billion) in capitalization to build affordable housing, following campaign promises to bolster residential construction. “We’re in a housing crisis,” Carney told reporters in Nepean, Ontario. “And it’s going to take all hands on …
Canada announces new federal agency to build affordable housing Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar drifted higher on Friday, a day after falling on a surge in U.S. jobless claims and a modest inflation uptick, ahead of a Federal Reserve meeting next week that is likely to cut interest rates after a roughly nine-month hiatus. The greenback rose 0.2% to …
US dollar edges up on positioning moves, but outlook stays negative Read More »
(Reuters) -Further interest rate cuts could jeopardise hard-won price stability as the euro zone economy is already set for a boost from rising German public spending, ECB policymaker Joachim Nagel said in an interview published on Friday. The European Central Bank (ECB) left interest rates unchanged on Thursday, as expected, and maintained an upbeat view …
ECB’s Nagel says further rate cuts would threaten price stability Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) – The Russian central bank cut its key interest rate by 100 basis points to 17% on Friday, less than analysts had expected, pointing to stubbornly high inflation. “Inflation expectations have not changed considerably in recent months. In general, they remain elevated. This may impede a sustainable …
Russian central bank cautiously cuts key rate by 100 bps to 17% Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its key rate unchanged at 15% in a meeting on September 17 amid persistently high inflation pressures, a Reuters poll showed. It would be the second consecutive time the bank stands pat after its last decision in July when policymakers halted …
Brazil’s central bank to keep rates unchanged at 15% on September 17: Reuters poll Read More »
