central bank

ECB to announce QT program details at its December meeting

ECB to announce QT program details at its December meeting

Christine Lagarde, President of the European Central Bank speaks at an event. The central bank is due to meet in mid-December for further monetary policy decisions. Bloomberg | Bloomberg | Getty Images The European Central Bank may be on the verge of answering a lingering question in the coming weeks that could have major repercussions …

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ECB to announce QT program details at its December meeting

ECB to announce QT program details at its December meeting

Christine Lagarde, President of the European Central Bank speaks at an event. The central bank is due to meet in mid-December for further monetary policy decisions. Bloomberg | Bloomberg | Getty Images The European Central Bank may be on the verge of answering a lingering question in the coming weeks that could have major repercussions …

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The transitory discourse on inflation is back.  But economists say higher prices here will remain

The transitory discourse on inflation is back. But economists say higher prices here will remain

Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …

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Fed officials expect smaller rate hikes to come 'soon'

Fed officials expect smaller rate hikes to come ‘soon’

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …

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UK austerity budget had 'massive' hole that will hurt growth: Michael Saunders

UK austerity budget had ‘massive’ hole that will hurt growth: Michael Saunders

Finance Minister Jeremy Hunt, in his much-awaited inaugural autumn statement, unveiled a sweeping £55bn ($66bn) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — UK Finance Minister Jeremy Hunt’s recent budget announcement had a “massive” hole where an economic growth strategy should be, according to former Bank of England policymaker Michael Saunders. …

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Is the Fed “going rogue”?  Calls grow to abandon quest for 2% inflation

Is the Fed “going rogue”? Calls grow to abandon quest for 2% inflation

For at least a decade, the Federal Reserve’s position that a 2% inflation rate is where the economy works best has been taken as gospel. But with a recession potentially on the horizon and the Fed continuing to apply the brakes, calls are mounting for the central bank to reconsider what has been essentially an …

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The global stock market rally may be about to meet the reality of recession

The global stock market rally may be about to meet the reality of recession

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuters Global equity markets have rallied on hopes that central banks will soon begin to ease their aggressive interest rate hikes as inflation shows signs of peaking, but strategists …

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We're not 'inflation freaks', says Bank of England's top economist

We’re not ‘inflation freaks’, says Bank of England’s top economist

The Bank of England accepted a record amount of gilts in a reverse auction on Wednesday. Sopa Pictures | Light flare | Getty Images LONDON — Bank of England policymakers aren’t “inflation freaks,” but tighter monetary policy is needed to prevent soaring prices from taking root in the economy, the Bank said on Tuesday. central …

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BOE chief economist Pill suggests traders' rate hike expectations are wrong

BOE chief economist Pill suggests traders’ rate hike expectations are wrong

LONDON — The Bank of England remains committed to its “key objective” of bringing inflation down, but hopes markets will “re-anchor” their interest rate expectations, the chief economist told CNBC on Friday. Huw Pill. The central bank raised interest rates by 75 basis points on Thursday, its biggest hike since 1989, and warned of a …

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