Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the end
People’s Bank of China Governor Pan Gongsheng spoke over the weekend at the International Monetary Fund meeting in Morocco. positive factors in China’s economic operation are accumulating and the bright spots have increased, and are expected to improve. vowed to provide more substantial support to the real economy the PBOC will provide continuous support to
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) – Analysts are sticking to their bullish forecasts on the Canadian dollar for the coming year, maintaining that the currency is undervalued
It was a difficult September for bond and stock bulls. After reiterating ad nauseum, it appears that the FOMC’s “higher for longer” message has finally gotten through. In general central banks are mostly in wait and see mode as they assess the many crosscurrents to determine whether additional tightening is needed. Uncertainties over the policy
Goldman Sachs says that while a sustained climb in oil prices could slow consumption and economic growth it will be a “manageable headwind” for the U.S. economy. “While we forecast consumption growth to slow during the fall and winter, we think higher oil prices are unlikely to cause consumer spending and GDP to decline” The
2/2 © Reuters. FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo 2/2 BANGKOK (Reuters) – Thailand’s central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said
European Central Bank (ECB) Chief Economist Phillip Lane said early Friday, “inflation over 2% is costly for the economy.” Additional quotes Central b لینک منبع : هوشمند نیوز
European Central Bank chief economist Lane spoke earlier: Now in Q&A Central banks try to hit inflation in the medium term Inflation over 2% is costly for the economy Says won’t be speculating on future European Central Bank policy moves the most efficient wat to tighten monetary policy is via interest rates — EUR/USD is
Early indicators point to subdued developments of private consumption in coming months Noticeable economic recovery only to be seen at the turn of the year at earliest They’re still not quite acknowledging the situation fully, by putting off from saying the R-word. But typically when domestic authorities finally get to that, we’re already staring at
© Reuters. Investing.com – The U.S. dollar steadied near a six-month peak in early European trade Thursday, boosted by signs of a resilient U.S. economy even as the global outlook weakened. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 104.897,
