Archive Europe: Economy

  • LONDON, Sept 15- The Bank of England might need to raise interest rates in the coming months, according to a rate-setter who has previously been strongly in favour of keeping borrowing costs at their record low. "Until recently, I thought the appropriate response of monetary policy was to be patient, given modest growth and subdued underlying inflationary...

  • A glut of supply and growing expectations of tighter monetary policy in Europe and the United States had pushed investors away from government bonds up to Thursday, and yields-- which move inversely to prices-- had risen sharply. But another missile test from North Korea on Thursday night made many retreat back into safe-haven assets such as government bonds.

  • *Gasoline, rents boost U.S. consumer inflation. NEW YORK, Sept 14-= The dollar held losses against a basket of major currencies on Thursday following data that showed a faster-than-forecast increase in domestic consumer prices in August. The Labor Department said its Consumer Price Index rose 0.4 percent last month after edging up 0.1 percent in July.

  • LONDON, Sept 14- Gold steadied above an earlier two-week low on Thursday as the dollar softened despite strong U.S. consumer inflation data, which could allow further interest rate increases from the Federal Reserve. Spot gold was up 0.2 percent at $1,324.86 an ounce at. 1340 GMT, above an earlier low of $1,315.71, its weakest since Aug. 31.

  • LONDON, Sept 14- Sterling jumped after the Bank of England warned it could raise interest rates for the first time in a decade in the coming months while the dollar rose after above-forecast inflation data that could allow the Federal Reserve to hike for a third time this year. Wall Street was set to open lower, index futures showed after the inflation data.

  • LONDON, Sept 14- The Swiss franc tumbled against the dollar and the euro on Thursday after Switzerland's central bank softened its language on the currency's valuation, though it stood firm on its ultra-easy monetary policy stance. But the central bank retained its negative interest rates and nudged its inflation forecast higher, indicating it was...

  • Pedestrians pass in front of the New York Stock Exchange.

    Our live blog tracked market reaction as Wall STreet stocks remain cautious on rising inflation fears.

  • LONDON— The Latest on the Bank of England's monetary policy meeting:. In a statement Thursday, the bank said the Monetary Policy Committee voted 7-2 in favor of unchanged interest rates. There are also fears that uncertainty surrounding Britain's exit from the European Union will further weigh on confidence.

  • LONDON— Bank of England opts to keep its main interest rate on hold at record low 0.25 percent despite above-target inflation.

  • ZURICH, Sept 14- Switzerland's central bank tempered its view of the Swiss franc's overvaluation on Thursday although analysts said the language shift should not be seen as heralding a departure from its ultra-loose monetary policy. The Swiss National Bank retained its negative interest rates and said it remained ready to intervene in the currency markets...

  • Taking a neutral stance on Brexit is right thing to do for BOE: Pro

    Alan Clarke, head of European fixed income strategy at Scotiabank, takes a look at the Bank of England’s response to the current state of Brexit negotiations. Added comment on gilt yields.

  • BOE: Slack being absorbed faster than expected

    Alan Clarke, head of European fixed income strategy at Scotiabank, reacts to the Bank of England’s latest interest rate decision, with comment on the outlook and the moves in sterling.

  • BOE MPC votes 7-2 to hold rates

    The Bank of England has held fire on its interest rates strategy at its September meeting, as widely expected. CNBC’s Gemma Acton has the details.

  • LONDON— The Bank of England hinted Thursday that it may be ready to raise interest rates for the first time in a decade, possibly as soon as November, in order to keep a lid on inflation, which has shot up since Britain's decision last year to leave the European Union. In late afternoon trading, the pound was 1.4 percent higher at $1.34, a clear sign that traders are...

  • week@ BUDAPEST, Sept 14- The forint retained its weakening bias on Thursday, on growing market expectations that the Hungarian central bank could loosen monetary conditions further at its meeting next week in the absence of significant inflationary pressures. Central Europe's most dovish central bank, which has kept its easing bias even as the Czech central...

  • The Swiss National Bank (SNB), Switzerland's central bank, in Bern, Switzerland, on Wednesday, April 18, 2012.

    Switzerland's central bank tweaked its long-held language about the "significant overvaluation" of the Swiss franc on Thursday.

  • Frankfurt's emergence as the destination of choice for banks looking to expand their European operations post-Brexit is a boon for its economy, but it has also raised concerns about the housing market's ability to cope with this sudden population surge.

  • *2- day rate review ends Sept 21, decision expected 0230-0430 GMT. TOKYO, Sept 14- Japan is in the middle of a solid economic recovery, with business confidence at a decade-high. While that question has been a perennial one for Japan, the mystery this time is that prices remain tame even as job availability hit a 43- year high and consumption has rebounded.

  • PARIS, Sept 14- France should see this year its best growth rates since 2011, the OECD said on Thursday, revising up its outlook in its first in-depth look at the French economy since Emmanuel Macron became president. In order to reduce debt and afford labour tax cuts boosting long-term growth, France needed to tackle its chronically strained finances with...

  • FRANKFURT- German Central Bank head Jens Weidmann will deliver a lecture entitled "Monetary policy after the crisis" in Frankfurt- 1530 GMT. TALLINN- European Central Bank Executive Board Member Yves Mersch will participate in closing session "Economic and Financial Priorities for relaunching the Eurozone and the EU" at Eurofi Financial Forum 2017 "What way...

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