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…
Consumer belt tightening hobbles demand for solder metal tin
By Pratima Desai LONDON – Recession worries and consumer belt tightening have hit demand for electronic goods, which is feeding through to weaker consumption of soldering metal tin, but output cuts mean…
China likely to keep lending benchmark LPR unchanged amid global central bank tightening
SHANGHAI – About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank tightening limited…
C$ falls as global central bank tightening spooks investors
TORONTO – The Canadian dollar weakened against its U.S. counterpart on Thursday as oil prices fell and interest rate hikes by central banks around the world added to investor worries that tighter…
Czech central banker flags potential stronger rate tightening -paper
PRAGUE -The Czech National Bank might be forced to raise interest rates by more than its current course suggests if a dovish majority is created on its board, board member Tomas Holub…
Polish central bank expected to keep up pace of policy tightening – Reuters poll
By Alan Charlish WARSAW – Poland’s central bank is expected to raise its main interest rate by 75 basis points to 6.00% on Wednesday, a Reuters poll showed, as it faces surging…
Fed may pause policy tightening in September, BofA says
NEW YORK – The Federal Reserve could pause its monetary policy tightening in September if there is an economic deterioration and inflation subsides, BofA strategists said on Thursday, a day after the…
Swiss National Bank chairman says global monetary policy moving into tightening phase – magazine
ZURICH – Global monetary policy is moving into a new phase of higher interest rates to combat resurgent inflation, Swiss National Bank Chairman Thomas Jordan told Bilanz magazine in an interview. “It’s…
Thailand has no need to follow Fed’s tightening -central bank chief
By Kitiphong Thaichareon and Orathai Sriring BANGKOK – Thailand has no need to raise interest rates following the Federal Reserve’s hikes in U.S. rates as domestic factors and the economic recovery will…
Philippine central bank to kick off tightening cycle on May 19
By Md Manzer Hussain BENGALURU – The Philippine central bank will kick off its tightening cycle on Thursday, much earlier than previously thought, joining peers around the world in a race to…
Asia FX bearish bets firm as cenbanks catch-up to Fed tightening- Reuters poll
By Indranil Sarkar (Reuters) – Bearish bets on most Asian currencies firmed, a Reuters poll found on Thursday, as several regional central banks trail the U.S. Federal Reserve in tightening their monetary…
BOK governor nominee flags further policy tightening, but at more sedate pace than Fed
By Cynthia Kim and Jihoon Lee SEOUL -South Korea’s central bank governor nominee Rhee Chang-yong said on Tuesday the bank will continue to tighten monetary policy, but suggested the pace of hikes…
Fed’s Harker: “methodical” policy tightening designed to avert recession
(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday. “We’ve committed…
Philippines central bank to start tightening in Q4, earlier hike possible – Reuters poll
By Shaloo Shrivastava and Devayani Sathyan BENGALURU – The Philippines central bank will leave policy on hold at Thursday’s meeting to support a nascent recovery, despite a recent U.S. Federal Reserve rate…
Analysts see Brazil central bank ending monetary tightening at 13% this year
BRASILIA – Brazil’s central bank will wrap up its monetary tightening with rates at 13% this year, according to a weekly survey of private economists on Monday, which showed the second straight…
Marketmind: Oil prices fuel the tightening dilemma further
A look at the day ahead in markets from Julien Ponthus. There’s arguably little central banks can do to tame surging energy and commodity prices other than try to limit second-round effects…
IMF says Fed tightening appropriate, adds to risks for emerging markets
WASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market countries dependent…
Fed signals fastest tightening since 2006; markets see more
By Ann Saphir – Federal Reserve policymakers on Wednesday signaled much faster interest rates hikes this year than they had expected just a few months ago, getting them to about 1.9% by…
Analysis-U.S. yield curve prices for Fed tightening, shows fears of policy error
By Karen Brettell NEW YORK – A dramatic flattening in key parts of the U.S. Treasury yield curve is reflecting worries that the Federal Reserve has been too slow to raise interest…
Euro zone inflation doesn’t require significant policy tightening, ECB’s Lane says
FRANKFURT – Euro zone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labour are resolved, the ECB’s chief…
Analysis-Investors eye uncharted waters as quantitative tightening looms in Canada
By Fergal Smith TORONTO – As the Bank of Canada prepares to shrink its bloated balance sheet, investors say the move could enable expected interest rate hikes to have more far-reaching impact…
Central banks to embark on “largest quantitative tightening in history” – Morgan Stanley
LONDON – The world’s top central banks are about to embark on “the largest quantitative tightening in history”, analysts at Morgan Stanley said on Friday, estimating that $2.2 trillion worth of support…
Fed’s Bullard sees three successive hikes to start policy tightening
By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the…
Analysis-Fed tightening a sign to get the ‘heck out’ of U.S. stocks
By Sujata Rao and Lewis Krauskopf LONDON/NEW YORK – U.S. stock markets, after enjoying their best three-year run in more than two decades, may soon have to cede the top spot. With…
Jobless Claims Remain Relatively Unchanged Indicating A Tightening Labor Market
The number of Americans who filed new unemployment claims dropped to 268,000 in the week ending Nov. 13 indicating a tightening labor market as employers seek to avoid layoffs or labor shortages…
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