Tag: finance

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada will be nimble and potentially “forceful” in tackling uncomfortably high inflation, a senior official said on Wednesday, setting the stage…

© Reuters. FILE PHOTO: People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s central bank injected funds through medium-term loans into the financial system on Tuesday, while keeping the interest rate unchanged. The People’s Bank of China…

© 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 Md Manzer Hussain BENGALURU (Reuters) – The Philippine central bank will wait until the end of the year before raising interest rates from a…

Updated at 9:09 am EST St. Louis Federal Reserve President James Bullard doubled-down on his view that deeper near-term rate hikes are need to tame domestic price increases, telling CNBC Monday that inflation is ‘broadening and accelerating’ in the world’s biggest economy.  Bullard, who last week said that the Fed needs to increase interest rates…

© Reuters. FILE PHOTO: A logo of DBS is pictured outside an office in Singapore January 5, 2016. REUTERS/Edgar Su By Anshuman Daga SINGAPORE (Reuters) – DBS Group (OTC:DBSDY) flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and…

© Reuters. FILE PHOTO: An UNHCR worker pushes a wheelbarrow loaded with aid supplies for a displaced Afghan family outside the distribution center as a Taliban fighter secures the area on the outskirts of Kabul, Afghanistan October 28, 2021. REUTERS/Zohra Bensemra KABUL (Reuters) – Afghanistan’s central bank on Saturday criticised Washington’s plan to use half…

While most economists are talking about the Federal Reserve raising interest rates more aggressively after Thursday’s news of raging inflation, Nobel laureate economist Paul Krugman says the Fed shouldn’t go overboard. Consumer price soared 7.5% in the 12 months through January, the biggest increase in almost 40 years. The Fed does need to do some…

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of…

© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo (Reuters) – The U.S. economy could grow more slowly in the first quarter than was expected last fall, but the unemployment rate may come down faster, according to a survey of forecasters released Friday by the Philadelphia Federal…

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., on January 26, 2022. REUTERS/Joshua Roberts/File Photo 2/2 (Reuters) – Major U.S. investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer…