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Central Banks

BoE says more defences may be needed against consumer credit

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LONDON The Bank of England said on Monday it could force banks to hold more capital as an "insurance policy" to protect the wider economy in case the rapid growth in consumer credit turns sour.

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Ireland may need to cool economy from 2019, central bank chief warns 3:22pm BST

DUBLIN Ireland may need to cool parts of its economy in a couple of year, potentially by raising taxes, if ramped up public investment coincides with full employment, its central bank chief was quoted as saying on Monday.

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Euro zone budget savings could complicate ECB rate hikes - Bundesbank 11:18am BST

FRANKFURT Euro zone countries have saved nearly a trillion euros (897.15 billion pound) in debt costs since the global financial crisis and governments may now try to pressure the European Central Bank to keep borrowing costs low, the Bundesbank said on Monday.

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IT may cap inflation, affect monetary policy, ECB's Mersch says 8:28am BST

FRANKFURT Advances in information technology and growing flexibility in the labour market in recent years could naturally cap inflation, potentially affecting monetary policy, European Central Bank Executive Board member Yves Mersch said on Monday.

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China's debt spectre could haunt Fed's policy meetings 8:09am BST

HONG KONG In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the U.S. central bank's policy deliberations.

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Federal Reserve now faces prospect of global monetary policy tightening 23 Jul 2017

WASHINGTON Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis.

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Sterling struggles near eight-month low against euro 21 Jul 2017

LONDON Sterling edged down against the euro on Friday, close to an eight-month low and capping its worst week since October, as the euro rallied across the board on bets the European Central Bank is on track to tighten monetary policy next year.

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ECB rate setters see decision on stimulus in October - sources 21 Jul 2017

FRANKFURT European Central Bank policymakers see October as the most likely date to decide whether to claw back stimulus and consider December, an option flagged by staff, as too late, four sources with direct knowledge of the discussion said.

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North Korea 2016 economic growth at 17-year high despite sanctions - South Korea 21 Jul 2017

SEOUL North Korea's economy grew at its fastest pace in 17 years in 2016, South Korea's central bank said on Friday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons. | Video

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ECB survey sees lower inflation, higher GDP growth 21 Jul 2017

FRANKFURT Euro zone inflation may be lower than earlier thought in the coming years but economic growth and the drop in unemployment could exceed past projections, the European Central Bank's Survey of Professional Forecasters showed on Friday.