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Central Banks

Fed's Bostic - Economy in 'pretty good place' to let rate rises continue


SAVANNAH, Ga. The U.S. economy "appears to be in a pretty good place" that should let the Fed continue its steady programme of raising interest rates, Atlanta Federal Reserve bank president Raphael Bostic said on Monday, though he feels only one more such increase is needed this year.


UK households see fastest income growth in at least nine years - IHS Markit 18 Jun 2018

LONDON British households enjoyed the fastest growth in employment income in at least nine years in June, according to a survey that may give the Bank of England concern that underlying inflation pressures are rising.


German economy to rebound in second quarter - Bundesbank 18 Jun 2018

BERLIN The German economy should rebound in the second quarter after a weak start to the year, the Bundesbank said on Monday, as a wave of flu dissipates and state spending rises.

Select few emerging Asian economies comfortable with Fed hikes 18 Jun 2018

HONG KONG Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.


Trump trade, immigration policy could hurt economy - Fed's Dudley 15 Jun 2018

One of the Federal Reserve's most influential policymakers raised concerns about White House policies on trade and immigration on Friday, as U.S. President Trump slapped new tariffs on China.


Japan's central bank cuts inflation view, narrowing stimulus-exit path 15 Jun 2018

TOKYO The Bank of Japan downgraded its assessment on inflation and its governor stressed his resolve to keep the money spigot wide open, reinforcing views Japan will lag well behind its U.S. and European peers in dialling back crisis-mode policies. | Video


Central bank withdrawal means tighter times ahead for borrowers 15 Jun 2018

WASHINGTON With the world's two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold. | Video


Bundesbank slashes Germany growth view, says horizon clouded 15 Jun 2018

FRANKFURT Germany's central bank on Friday slashed its growth forecast for this year and said trade and political concerns had made the outlook for the country's still booming economy more uncertain.


China reshuffles central bank monetary policy committee, Gov Yi named chief 15 Jun 2018

BEIJING China has reshuffled its central bank monetary policy committee, naming three new academic members and making Governor Yi Gang the panel's chief, the cabinet said on Friday.


Dollar soars and Wall Street gains as ECB holds off on rate hikes 15 Jun 2018

NEW YORK The U.S. dollar rose more than a penny against a basket of major currencies as the euro cratered, and U.S. stocks closed higher on Thursday, as the European Central Bank signalled interest rate hikes were a long way off.