Thai rates still low, tightening to be gradual, says central bank official
BANGKOK (Reuters) – Thailand’s policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on…
COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is finally seeing…
Fed’s more gradual rate hike path should limit economic harm, Barkin says
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s move to smaller interest rate hike increments will help limit damage to the economy as the U.S. central bank works to bring high inflation…
Thai rate hikes to be gradual and measured – central bank minutes
(Corrects to add central bank as source of forecast in paragraph 6) BANGKOK (Reuters) -Thailand’s rate committee raised its key interest rate late last month and said further monetary tightening will be…
Russia’s more gradual economic contraction to extend into 2023: Reuters Poll
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy is set to shrink by 2.5% next year, on top of a 3% contraction in 2022, a Reuters poll suggested on Friday, with stubbornly…
Asia’s coal phase-out must be gradual, says Mitsubishi Heavy head
By Leika Kihara NUSA DUA, Indonesia (Reuters) – Asia must phase out coal power gradually while still making use of existing infrastructure to make the shift to a carbon-neutral society less disruptive,…
Thai growth could reach 3.5% this year, needs gradual rate hikes – Finance Minister
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) – Thailand should see economic growth of 3.0%-3.5% this year, driven by its key export and tourism sectors, a recovery that is best supported…
Thai rate hikes to be gradual, inflation to stay high through 2022 -central bank minutes
BANGKOK (Reuters) – Thailand’s rate committee raised its key interest rate late last month and noted that headline inflation was set to remain high through 2022, minutes of the meeting showed on…
Lula eyes gradual boost to Brazil welfare program, says aide
By Lisandra Paraguassu BRASILIA (Reuters) – Brazilian presidential frontrunner Luiz Inacio Lula da Silva is looking to gradually boost the country’s main welfare program, starting with an extra 18 billion reais ($3.47…
BOJ to keep rates low, any change to policy will be gradual – ex-board member
By Leika Kihara and Divya Chowdhury MUMBAI – The Bank of Japan won’t make any quick or drastic changes to its monetary policy framework and is likely to keep interest rates low,…
Thai central bank pledges gradual monetary policy adjustments
BANGKOK – Thailand’s central bank will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, Bank of Thailand Governor Sethaput Suthiwartnarueput told a…
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy minister said, although most Cubans have seen…
ECB rate rises will be more gradual than Fed’s, says Draghi
KYIV – The European Central Bank will inevitably raise interest rates more slowly than the U.S. Federal Reserve given the different economic circumstance in the euro zone, Italian Prime Minister Mario Draghi…
Fed’s Daly: balance sheet reduction should be gradual, predictable
– The Federal Reserve should reduce its balance sheet earlier in the policy tightening cycle and more rapidly than the last time it did so, San Francisco Federal Reserve Bank President Mary…
ECB’s De Cos says withdrawal of stimulus scheme should be data-dependent, gradual
MADRID – European Central Bank policymaker Pablo Hernandez de Cos on Thursday said that any premature tightening of monetary policy would only hurt the economy and stimulus should be withdrawn gradually. “The…
IMF sees inflation as ‘significant risk,’ but eyes gradual moderation in rising prices
By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising prices should…
Oil Prices Skyrocket To Seven-Year High After OPEC Announces Gradual Output Boost
The price of oil surged Monday after the Organization of the Petroleum Exporting Countries (OPEC) doubled down on its plans to increase oil output at a gradual rate. West Texas Intermediate (WTI)…
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