STOCKHOLM - What should a central bank do next when it already has zero interest rates and arguably still faces the threat of Japanese-style deflation? If it's the Swedish Riksbank, it should keep cutting, and do so soon, says Lars Svensson.
LONDON - Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally.
FRANKFURT - Lending to euro zone households and firms contracted further in October, keeping up pressure on the European Central Bank to deliver further stimulus measures to buoy the lacklustre 18-country economy.
NEW YORK - The dollar fell on Wednesday after disappointing U.S. home sales data, but global equity markets edged higher on hopes for more stimulus from the European Central Bank and the prospect that stocks may be a better investment than other alternatives.
TIGRE, Argentina - Sergio Massa, a frontrunner in Argentina's presidential election next year, said on Wednesday he would ensure the independence of the central bank and modify laws that have ramped up the role of the state in the country's stagnating economy.
LONDON - The European Central Bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds, the bank's vice president said on Wednesday.
- There is still only an even chance the European Central Bank will buy government bonds, according to a Reuters poll of economists taken after ECB President Mario Draghi warned last week of the need to bring inflation back to target "without delay."
LONDON - Chief executives and other senior officials at insurance companies in Britain will be made more directly accountable to regulators for their decisions under plans announced by the Bank of England on Wednesday.
TOKYO - Total assets held by the Bank of Japan hit a record 277 trillion yen (1 trillion pound) by the end of September, the central bank said on Wednesday, up more than 30 percent from a year earlier, fuelled by outright purchases of Japanese government bonds under its quantitative easing programme.
BANGALORE - India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet.