By Brendan O’Boyle MEXICO CITY (Reuters) -The Bank of Mexico cut its benchmark interest rate by 25 basis points on Thursday in a divided vote, slowing its pace of monetary easing and bringing the rate to its lowest level in three years. The decision by the bank’s five-member governing board brings the rate to 7.75%, …
Bank of Mexico, slowing pace of cuts, brings key rate to lowest in three years Read More »
By Gertrude Chavez-Dreyfuss and Davide Barbuscia NEW YORK (Reuters) -A spike in U.S. Treasury yields across the curve in the late morning on Wednesday caused speculation about what was behind the move, and by Thursday greater consensus emerged among market sources that it was triggered by a large trade. Some traders on Wednesday suggested it …
Large trade seen behind US Treasury yield spike that fueled speculation Read More »
By Marcela Ayres (Reuters) -Brazil’s central bank did not merely pause its tightening cycle but halted it, monetary policy director Nilton David said on Thursday, stressing that interest rates remain in restrictive territory and the bank’s plan is broadly unfolding as expected. The central bank held its benchmark Selic rate steady at a near 20-year …
Brazil central bank did not pause but halted tightening cycle, official says Read More »
TORONTO (Reuters) -Canadian economic activity expanded in July at the fastest pace in one year as employment rose, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index rose to 55.8 last month from 53.3 in June, posting its highest level since July 2024. A reading above 50 indicates an increase in …
Canada’s Ivey PMI climbs to one-year high in July Read More »
By Shashwat Chauhan, Ankur Banerjee and Rae Wee (Reuters) -Global technology stocks advanced on Thursday in a relief rally after the latest tariff salvo from U.S. President Donald Trump largely exempted industry heavyweights from his threat to impose 100% levy on chips and semiconductors. Trump said the new tariff rate would apply to “all chips …
Apple leads surge in global tech shares after Trump tariff relief Read More »
(Reuters) -Mexico’s headline inflation slowed in July to its lowest level since late 2020, but the closely-watched core rate remained above the central bank’s official target, data from national statistics agency INEGI showed on Thursday. The figures were released ahead of the Bank of Mexico (Banxico)’s announcement later in the day of its next interest …
Mexico’s inflation slows in July, central bank set to deliver fresh rate cut Read More »
LONDON (Reuters) -U.S. Federal Reserve Chair Jerome Powell is a man of “utmost integrity”, Bank of England Governor Andrew Bailey said, following sharp criticism of Powell’s performance by U.S. President Donald Trump. Bailey declined to comment directly on whether he was worried by Trump’s attacks on Powell, but described the Fed chair as a friend. …
Fed’s Powell has ‘utmost integrity’, says Bank of England’s Bailey Read More »
LONDON (Reuters) -Bank of England Governor Andrew Bailey said it was important that interest rates were not lowered “too quickly or by too much” after the bank cut rates to 4% from 4.25% on Thursday following a narrow vote. “It remains important that we do not cut bank rate too quickly or by too much,” …
BoE’s Bailey says important not to cut rates ‘too quickly or by too much’ Read More »
(Reuters) -Ratings agency S&P Global on Thursday affirmed China’s long-term credit rating at A+ and said its strong fiscal stimulus will keep economic growth resilient amid headwinds from the property sector and tariff pressures. S&P said the outlook on China’s rating is “stable.” “The stable outlook on the long-term sovereign credit rating reflects our view …
S&P affirms China’s sovereign credit rating at A+ with stable outlook Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan may be behind the curve in dealing with the risk of high inflation, one private sector member of the government’s top economic council was quoted as saying on Thursday. “In the past, we used to debate whether inflation would reach the BOJ’s 2% inflation target or …
BOJ may be behind the curve on inflation risk, government council member says Read More »
