United Kingdom

Central Banks

November rate rise is 'open question', BoE's Cunliffe says


LONDON Bank of England Deputy Governor Jon Cunliffe again raised doubts about whether he will back an interest rate rise next week, describing it as an "open question" in an interview published by a Welsh newspaper on Monday.


Low inflation could slow Fed, but fiscal stimulus unnecessary - Reuters poll 1:58pm BST

BENGALURU The U.S. Federal Reserve will raise interest rates in December and twice next year, according to a Reuters poll of economists, who now worry that the central bank will slow its tightening because of expectations that inflation will remain low.


BOJ warns of structural woes hurting private banks' profits 10:31am BST

TOKYO Japanese banks lag behind their global counterparts in boosting profitability as they compete for dwindling lending opportunities in a shrinking market, the country's central bank said on Monday.

Saudi Arabia joins Islamic finance body, could boost cross-border deals 3:15am BST

Saudi Arabia's central bank has joined an international standard-setting body for Islamic finance, a move that could help standardise industry practices and ease cross-border transactions in the Kingdom.


UK households' morale and rate hike expectations rise - IHS Markit 1:08am BST

LONDON British households' financial worries have eased to their lowest since June, despite the prospect of higher Bank of England interest rates and a reliance on borrowing to make up for falling employment income, a survey showed on Monday.


High noon for the ECB, Draghi at the QE Corral 22 Oct 2017

FRANKFURT Not for the first time, European Central Bank President Mario Draghi is facing a tricky balancing act. | Video


Greece must follow through with privatisations to recover, central bank says 20 Oct 2017

ATHENS Greece's economic recovery depends on it following through with the reforms and privatisations prescribed in its bailout programme, the head of its central bank said on Friday.


Bank of England's 'unreliable boyfriend' needs to get message right 20 Oct 2017

LONDON For the Bank of England, the hard bit about finally raising interest rates will be getting borrowers to heed the message it is likely to send: that they should not fear many more hikes any time soon.


ECB under pressure to soften crackdown on bad loans - sources 20 Oct 2017

FRANKFURT European Central Bank supervisors are having to rethink their proposals for dealing with the euro zone's huge pile of legacy bad loans after complaints from Italy that it would hinder the country's recovery, four senior central bank sources told Reuters.


In Kuroda's face - researchers find ways to predict central bank changes 20 Oct 2017

TOKYO For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language -- now, researchers are finding new clues on policy, not in the words of central banker but in their faces. | Video