Tag: Economy

While the S&P 500 index surged 8% in October, sentiment toward stocks dipped, as measured by Bank of America’s Sell Side Indicator (SSI). The Indicator tracks Wall Street strategists’ recommended equity allocation. The SSI slid to 52.8% in October, the lowest level since early 2017, from 53.58% in September. But the dip is actually good…

© Reuters. FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray By Lucy Craymer and Harshita Swaminathan (Reuters) -The Reserve Bank of New Zealand said on Monday its annual stress test on the banking sector showed banks were…

© Reuters. FILE PHOTO: Tunisia’s Central Bank governor Marouane El Abassi attends a news conference in Tunis, Tunisia, February 20, 2019. REUTERS/Zoubeir Souissi TUNIS (Reuters) – Tunisia will soon enact difficult economic reforms that have been delayed for years, the central bank governor said on Saturday, adding that financial authorities were trying to keep the…

© Reuters. FILE PHOTO: General view of Colombia’s central bank in Bogota, Colombia October 9, 2019. REUTERS/Luisa Gonzalez/File Photo By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is likely to raise borrowing costs to 11% on Friday at its penultimate meeting of the year, in tandem with policymakers around the world who are trying…

© Reuters. FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco By Neil Jerome Morales MANILA (Reuters) – The Philippine central bank must be a “little aggressive” in tightening policy to bring inflation down to within…

© Reuters. FILE PHOTO: People shop at the South Melbourne Market on the second day of eased coronavirus disease (COVID-19) lockdown regulations set to curb the outbreak, in Melbourne, Australia, October 23, 2021. REUTERS/Sandra Sanders SYDNEY (Reuters) – Australia’s economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption,…

© Reuters. FILE PHOTO: Marton Nagy , when National Bank of Hungary Deputy Governor, attends an interview with Reuters in Budapest, Hungary, May 23, 2017. REUTERS/Krisztina Than By Krisztina Than BUDAPEST (Reuters) -Hungary will include variable-rate loans to small- and medium-sized businesses in a scheme designed to cap loan rates and avoid a recession, Minister…

© Reuters. FILE PHOTO: Governor of People’s Bank of China (PBOC) Yi Gang attends a news conference on China’s economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo By Kevin Yao and Xie Yu BEIJING/HONG KONG (Reuters) – China’s central bank chief Yi Gang is likely…

Many top economists, such as Harvard’s Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve. The economy shrank 1.6% in the first quarter and 0.6% in the second. Consumer prices soared 8.2% in the 12 months through September, and…

© Reuters. FILE PHOTO – Brazil’s Central Bank President Ilan Goldfajn speaks during an interview with Reuters in Brasilia, Brazil January 22, 2019. REUTERS/Ueslei Marcelino By Marcela Ayres BRASILIA (Reuters) -Brazil plans to nominate former central bank governor Ilan Goldfajn to head the Inter-American Development Bank (IDB), a person familiar with the matter said on…