China criticises US tightening of chip export rules
BEIJING (Reuters) – China has criticised the tightening of U.S. rules on semiconductor exports, saying they have created more hurdles to trade and more uncertainty in the chip industry. The Biden administration…
Bank of Korea’s Rhee eyes warning signs of prolonged monetary tightening
SEOUL (Reuters) – Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a financially troubled builder are a “warning sign” over the financial risks of prolonged monetary tightening.…
US rate futures lift March rate cut bets after Fed flags end of tightening
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the U.S.…
Dangerous Unapproved Injectable Tightening Gel Seized by Minnesota CBP
MINNEAPOLIS– U.S. Customs and Border Protection (CBP) officers at Minneapolis-St. Paul Airport recently stopped a shipment filled with 2,536 pre-filled syringes of private partsl tightening gel. On November 20, CBP inspected a…
Fed’s Bowman says she expects further policy tightening will be needed
(Reuters) – Federal Reserve Governor Michelle Bowman on Tuesday repeated her view that the U.S. central bank will likely need to raise short-term interest rates again, though for now she is content…
IMF staff recommends further tightening of monetary policy in Australia
SYDNEY (Reuters) – The staff of the International Monetary Fund on Wednesday recommended Australia’s central bank further tighten monetary policy in order to bring inflation back to target and keep inflation expectations…
Fed’s Barkin: can’t rely on tightening from long-term rates
(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear how that will affect the central…
Philippines has ‘done enough’ policy tightening, finance secretary says
MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno believes the central bank has “done enough” policy tightening to tame inflation, but reiterated future interest rate moves would remain data dependent. Diokno’s remarks…
Euro zone 2024 fiscal tightening seen limited by slowing economy
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments will try to bolster their public finances next year by withdrawing expensive energy price subsidies but slower economic growth and fear of angering…
Fed’s Collins: Further tightening possible, though “patience” required
By Howard Schneider WASHINGTON (Reuters) – Further Federal Reserve interest rate increases are “not off the table” with inflation still not clearly contained, Boston Federal Reserve President Susan Collins said in remarks…
ECB raises rates but signals end of policy tightening
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy.…
Bank of Canada holds interest rate 5%, warns of more tightening
TORONTO (Reuters) – The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of weaker growth, but said it could raise…
‘Tightening Every Screw’: Biden EPA’s Review Of Ozone Rules Signals Potential Crackdown On US Energy, Experts Say
‘Tightening Every Screw’: Biden EPA’s Review Of Ozone Rules Signals Potential Crackdown On US Energy, Experts Say Nick Pope on August 24, 2023 The Environmental Protection Agency (EPA) announced Monday that it…
Big central banks hike again with end of tightening in sight
LONDON (Reuters) – Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in…
Thai central bank to hike rates by 25 bps on Aug. 2, ending tightening cycle – Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Thailand (BOT) will deliver a final 25-basis-point interest rate increase on August 2 and then hold rates steady until 2025 as the inflation…
Philippine central bank ready to resume policy tightening if needed
MANILA (Reuters) – The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge, central bank officials said on Tuesday. Bangko Sentral ng Pilipinas (BSP) Deputy…
IMF urges Pakistan to continue monetary policy tightening cycle
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report on Tuesday, a week after the lender approved…
Malaysia central bank to hold key rate on July 6, may not resume tightening: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Malaysia’s central bank will leave its key interest rate unchanged at 3.00% on Thursday and keep it there for the rest of the year, marking the…
Turkey pledges to keep tightening until inflation outlook improves
By Orhan Coskun, Ezgi Erkoyun and Huseyin Hayatsever ANKARA (Reuters) – Turkey will continue its monetary policy U-turn, which began with a sharp post-election rate hike last month, until the inflation outlook…
Fed’s path to more tightening a little less sure after inflation data
(Reuters) – The Federal Reserve is seen slightly less locked in to a July interest rate hike, traders bet on Friday, after a government report showed price pressures eased slightly in May…
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…
ECB’s de Cos still sees ‘some way to go’ on policy tightening
MADRID (Reuters) – The European Central Bank still needs to raise its interest rates further and then leave them in restrictive territory for a while to bring inflation down to its medium-term…
Mexican peso to stay strong despite end of cenbank tightening cycle – analysts
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt a nearly…
Fed’s Bowman: more policy tightening likely appropriate
(Reuters) – The U.S. Federal Reserve will probably need to raise interest rates further if inflation stays high, Fed Governor Michelle Bowman said on Friday, adding that key data so far this…
ADB head: Developing Asia’s growth robust, tightening global finances a risk
(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest rate hikes, Asian Development Bank (ADB) President…
India monetary tightening cycle not over, inflation remains a concern -MPC minutes
By Swati Bhat MUMBAI (Reuters) – India’s current rate tightening cycle may not be over as more hikes could be warranted to align inflation towards the central bank’s medium term target of…
Breaking News
