STONE MOUNTAIN, Ga. - A pledge by the U.S. Federal Reserve to phase out a new tool to lift interest rates is being challenged by economists and financial professionals who think the central bank may need to keep using it longer than Fed officials expect.
- Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.
LONDON - The Bank of England will sit tight on interest rates until next year as it waits for Britain's recovery to grow deeper roots and inflation to pick up, according to an increasing number of economists polled by Reuters.
TOKYO - The Bank of Japan must ease monetary policy further at its rate review on April 30 given signs of slowdown in the economy and prices, a ruling party lawmaker and one of the architects of premier Shinzo Abe's "Abenomics" reflationary policies said.
FRANKFURT - The European Central Bank's supervisory chief pledged on Tuesday to take a tough line with banks and the models they use to calculate risk, warning that non-performing loans particularly to companies were on the rise.
- Uncertainty surrounding the timing of the U.S. Federal Reserve's interest rate hike has tempered analysts' forecasts for stock market gains this year, Reuters polls showed on Tuesday.
- A total of 26 central banks and monetary authorities around the world have eased policy this year, in an unprecedented wave of measures aimed at boosting growth and bolstering inflation. Below is a chronological list of the moves.
LONDON - British investors have raised exposure to equities to a six-month high to take advantage of monetary pump-priming by the central banks that has lifted markets to multi-year peaks, according to a Reuters poll.
FRANKFURT - A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill.
LONDON - Just three weeks into the European Central Bank's 19-month bond-buying programme, analysts are already speculating that it may throttle back the pace of purchases early, possibly even this year.