Take Five: Is Bank of Japan ready to exit negative rates?:
reuters.com/business/take-five/global-markets-themes-2024-03-15/
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| Last Updated | Mar 15 |
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Ueda Repeats Vow to Raise Rate if Prices Warrant After Yen Falls: Governor Kazuo Ueda reiterated the Bank of Japan’s intention to raise its benchmark interest ...
bloomberg.com/news/articles/2024-04-23/ueda-repeats-vow-to-raise-rate-if-prices-warrant-after-yen-falls
BOJ keeps rates steady, projects inflation staying near 2% in coming years: The Bank of Japan kept interest rates unchanged on Friday and issued fresh estimates ...
reut.rs/4aQC1vv
ECB Says Consumer Inflation Expectations Edged Lower in March: Inflation expectations of consumers in the euro zone inched down in March, according to the ...
bloomberg.com/news/articles/2024-04-26/ecb-says-consumer-inflation-expectations-edged-lower-in-march
Turkey’s Central Bank Head Vows ‘Whatever It Takes’ on Inflation - Bloomberg: Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to ...
bloomberg.com/news/articles/2024-04-19/turkey-s-central-bank-head-vows-whatever-it-takes-on-inflation
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Euro-Zone Consumers Increasingly Struggle to Pay for Housing: A rising number of euro-area consumers is struggling to pay for housing after years of above-target ...
bloomberg.com/news/articles/2024-04-22/euro-zone-consumers-increasingly-struggle-to-pay-for-housing
Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Japan’s Inflation Cools Ahead of BOJ Policy Board Meeting: Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as ...
bloomberg.com/news/articles/2024-04-18/japan-s-inflation-cools-ahead-of-boj-policy-board-meeting
Paid articlePaid Higher Inflation, Price Tolerance in Japan Boosts Case for BOJ Rate Hikes: Higher inflationary expectations and price tolerance are taking root in Japan ...
bloomberg.com/news/articles/2024-04-22/inflation-mindset-taking-root-in-japan-boosts-case-for-boj-hikes
Paid articlePaid Tokyo Inflation Slows Sharply on Education Subsidy Impact Before BOJ Meeting: Price growth in Tokyo decelerated sharply to a pace below 2% in April ...
bloomberg.com/news/articles/2024-04-25/tokyo-inflation-slows-sharply-on-education-subsidy-impact
ECB will need more rate cuts if Fed holds back, says policymaker: Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costs
ft.com/content/0112fe8d-856f-43aa-9bbb-c2106b00b5d6
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising: Bank of Japan Governor Kazuo Ueda said on Friday the central bank "very likely" will raise ...
reuters.com/markets/rates-bonds/bojs-ueda-says-very-likely-hike-rates-if-inflation-keeps-rising-2024-04-19/
Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
Paid articlePaid Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
ECB's Nagel Says Can Cut Rates If Data Confirm Economic Forecast: The European Central Bank can envisage reducing borrowing costs if new forecasts and fresh ...
bloomberg.com/news/articles/2024-04-23/ecb-can-cut-rates-if-data-confirm-economic-forecast-nagel-says
ECB May Cut Rates in June on Slower Inflation, Muller Says - Bloomberg: The European Central Bank may lower interest rates in June as euro-area inflation slows ...
bloomberg.com/news/articles/2024-04-12/ecb-may-cut-rates-in-june-on-slower-inflation-muller-says
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Battle of inflation: ECB could initiate interest rate turnaround for the first time before the Fed
nzz.ch/wirtschaft/kampf-der-inflation-die-ezb-koennte-erstmals-in-ihrer-geschichte-vor-der-us-notenbank-die-zinswende-einleiten-ld.1826982
Tokyo inflation slows for 2nd straight month, falls under BOJ goal: TOKYO (Reuters) -- Core inflation in Japan's capital slowed for a second month in April ...
asia.nikkei.com/Economy/Tokyo-inflation-slows-for-2nd-straight-month-falls-under-BOJ-goal
ECB Rate Cuts: Jostling Over Back-to-Back Summer Moves Has Already Begun: European Central Bank interest-rate setters are starting to position themselves for the ...
bloomberg.com/news/articles/2024-04-08/ecb-rate-cuts-jostling-over-back-to-back-summer-moves-has-already-begun
ECB's Lagarde hints it is too early to review inflation target: European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for ...
reuters.com/markets/europe/ecbs-lagarde-hints-it-is-too-early-review-inflation-target-2024-04-17/
ECB’s Rehn Says Geopolitics Pose Biggest Risk to Rate Cuts: Slower inflation has opened the door for the European Central Bank to start lowering interest rates ...
bloomberg.com/news/articles/2024-04-16/ecb-s-rehn-says-geopolitics-pose-biggest-risk-to-rate-cuts
Paid articlePaid Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
Timing of first BoE rate cut splits economists between June and Q3: The Bank of England will wait until next quarter to lower borrowing costs ...
reuters.com/markets/rates-bonds/timing-first-boe-rate-cut-splits-economists-between-june-q3-2024-04-24/
Ueda Says BOJ Won’t Alter Policy to Respond Directly to Weak Yen: Governor Kazuo Ueda said the Bank of Japan won’t change policy in direct response to currency ...
bloomberg.com/news/articles/2024-04-10/ueda-says-boj-won-t-alter-policy-to-respond-directly-to-weak-yen
Paid articlePaid Currencies calm but cautious after a weary week: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its ...
reuters.com/markets/currencies/currencies-calm-cautious-after-weary-week-2024-04-22/
Scholz Warns of Jeopardizing ECB Rate Cut With Inflation Rebound: German Chancellor Olaf Scholz urged restraint to avoid a new bout of inflation that would ...
bloomberg.com/news/articles/2024-04-19/scholz-warns-of-jeopardizing-ecb-rate-cut-with-inflation-rebound
Paid articlePaid Take Five: Dancing to the dollar's beat: Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
More Economists See BOJ Rate Hike in October, Flag July Risk: An increasing number of economists expects the Bank of Japan to raise interest rates again in ...
bloomberg.com/news/articles/2024-04-18/more-economists-see-boj-rate-hike-in-october-flag-july-risk
Paid articlePaid ECB firmly behind June rate cut but views diverge on July: European Central Bank policymakers continued to line up behind a June interest rate cut on Wednesday ...
reuters.com/markets/europe/ecbs-cipollone-eyes-june-july-data-possible-rate-cut-2024-04-17/
Federal Reserve's preferred inflation gauge set to back rate-cut patience: Policymakers' preferred inflation gauge - the personal consumption expenditures price ...
business-standard.com/world-news/federal-reserve-s-preferred-inflation-gauge-set-to-back-rate-cut-patience-124042100049_1.html
ECB’s Kazaks Says It’s Too Soon to Declare Inflation Victory: It’s still too early to declare that euro-area inflation has been vanquished ...
bloomberg.com/news/articles/2024-04-19/ecb-s-kazaks-says-it-s-too-soon-to-declare-inflation-victory
Paid articlePaid Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
ECB’s Knot Sees Smaller Inflation Risks From Potential Oil Spike: A jump in energy prices would pose a less acute danger to inflation in Europe than the ...
bloomberg.com/news/articles/2024-04-18/ecb-s-knot-sees-smaller-inflation-risks-from-potential-oil-spike
Inflation : les nouvelles données sont un bon signal pour les consommateurs: Plus que 2,2 % ! Selon une première estimation, l'inflation a de nouveau ...
focus.de/finanzen/news/gespenst-der-inflation-verliert-an-schrecken-endlich-erloesung-neue-inflationsdaten-sind-ein-gutes-signal-fuer-verbraucher_id_259817068.html
Quick Glance: Inflation down in German states, signaling national decline
- Inflation fell in six economically essential German states in March, indicating that national inflation will continue its downward trend.
- Economists will closely monitor national inflation data as Germany releases its figures a day before the Eurozone inflation data on Wednesday.
- German companies expected the lowest prices in three years in March, with forecasts of inflation falling below the European Central Bank's target in the upcoming months.
- An increasing number of ECB policymakers have backed rate cuts, with a June meeting appearing as the most probable time for action, although a meeting is also scheduled for this month.
Japan's corporate service inflation perks up in March: Japan's annual business-to-business service inflation accelerated for the second month to hit 2 ...
reuters.com/markets/asia/japans-corporate-service-inflation-perks-up-march-2024-04-24/
BOJ's new policy approach takes shine off its inflation forecasts: The Bank of Japan is shifting to a more discretionary approach in setting policy ...
reuters.com/world/japan/bojs-new-policy-approach-takes-shine-off-its-inflation-forecasts-2024-04-15/
Dollar's rally supercharged by diverging US rate outlook: A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the ...
reuters.com/markets/currencies/dollars-rally-supercharged-by-diverging-us-rate-outlook-2024-04-15/
German Inflation Slows Further as ECB Readies June Rate Cut: German inflation eased for a third month in March, supporting expectations that the European Central ...
bloomberg.com/news/articles/2024-04-02/german-inflation-slows-further-as-ecb-readies-june-rate-cut
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What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...
zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html
ECB could cut rates more than three times in this year: Simkus: The European Central Bank could cut interest rates more than three times this year and the ...
reuters.com/markets/europe/ecb-could-cut-rates-more-than-three-times-this-year-simkus-2024-04-15/
ECB's Lagarde says inflation more likely to ease but risks both ways: Euro zone inflation is likely to decline further and the European Central Bank may cut ...
reuters.com/markets/rates-bonds/ecbs-lagarde-says-inflation-more-likely-ease-risks-both-ways-2024-04-19/
Bank of England must fix forecasts and technology, former Fed chief Bernanke says
reuters.com/world/uk/bank-england-must-fix-forecasts-technology-former-fed-chief-bernanke-says-2024-04-12/
Quick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Middle East tensions should not delay ECB's June rate cut, Villeroy says: Tension in the Middle East is unlikely to drive up energy prices and should not affect ...
reuters.com/markets/rates-bonds/middle-east-tensions-should-not-delay-ecbs-june-rate-cut-villeroy-says-2024-04-21/
ECB's confidence in fight against inflation growing, Villeroy says: The European Central Bank (ECB) is increasingly confident that it is winning the fight ...
reuters.com/markets/europe/ecbs-confidence-fight-against-inflation-growing-villeroy-says-2024-04-13/
Europe is beating inflation. Why can’t America declare victory?: Inflation may have tumbled from multi-decade highs on both sides of the Atlantic ...
cnn.com/2024/04/26/economy/us-europe-inflation-differences/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Former Fed chief Bernanke to set out Bank of England reforms: Former Federal Reserve Chair Ben Bernanke will set out on Friday how the Bank of England should ...
reuters.com/world/uk/former-fed-chief-bernanke-set-out-bank-england-reforms-2024-04-11/
IMF urges Bank of Japan to tread cautiously in raising interest rates: The Bank of Japan (BOJ) must tread cautiously in raising interest rates ...
reuters.com/markets/asia/imf-urges-bank-japan-tread-cautiously-raising-interest-rates-2024-04-19/
Week Ahead for FX, Bonds: Focus on U.S. Inflation Data, ECB Decision: Wednesday’s U.S. inflation data and Thursday’s interest-rate decision by the European ...
wsj.com/economy/central-banking/week-ahead-for-fx-bonds-focus-on-u-s-inflation-data-ecb-decision-7f084536
Week Ahead for FX, Bonds: Focus on U.S. Inflation Data, ECB Decision: Wednesday’s U.S. inflation data for March and Thursday’s interest-rate decision by the ...
wsj.com/economy/week-ahead-for-fx-bonds-focus-on-u-s-inflation-data-ecb-decision-16491ecd
Five Things You Need to Know to Start Your Day: Asia: Good morning. Microsoft and Alphabet give tech investors a boost. Inflation concerns rattle Treasuries and ...
bloomberg.com/news/newsletters/2024-04-25/five-things-you-need-to-know-to-start-your-day-asia
Weak yen may actually deter Bank of Japan from hiking rates soon: The yen's fresh slide to a 34-year low complicates the Bank of Japan's deliberations on the ...
reuters.com/markets/rates-bonds/weak-yen-may-actually-deter-bank-japan-hiking-rates-soon-2024-04-11/
Europe's economic divergence with US is real but has its limits: Inflation in the euro zone is different to that in the United States, much as ECB President ...
reuters.com/world/europe/europes-economic-divergence-with-us-is-real-has-its-limits-2024-04-12/
ECB Should Consider Overhaul of Forecasting, Schnabel Says: The European Central Bank should consider rethinking how it forecasts economic growth and inflation ...
bloomberg.com/news/articles/2024-04-17/ecb-should-consider-overhaul-of-forecasting-schnabel-says
BOJ stands pat, gives no hint of imminent tightening: TOKYO -- The Bank of Japan kept its policy unchanged on Friday, holding off on additional action to deter ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-stands-pat-gives-no-hint-of-imminent-tightening
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The latest on the US economy and other economics stories to read: Top economy stories: Lastest on the US economy; Bank of Japan keeps interest rates steady; ...
weforum.org/agenda/2024/04/us-economy-economics-finance-news-26-april/
European shares rebound from one-month low; ECB rate verdict up next: European shares staged a recovery after a knee-jerk reaction to a high U.S ...
reuters.com/markets/europe/tech-stocks-lead-stoxx-600-higher-barry-callebaut-shimmers-2024-04-10/
IMF says outlook for world economy is brighter but still modest by historical standards
pbs.org/newshour/economy/imf-says-outlook-for-world-economy-is-brighter-but-still-modest-by-historical-standards
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
BOJ’s Next Interest Rate Hike Likely in October at Earliest, Ex-Official Says: The Bank of Japan will probably take its time before raising interest rates again ...
bloomberg.com/news/articles/2024-04-01/boj-s-next-hike-likely-in-october-at-earliest-ex-official-says
Paid articlePaid Swiss Inflation Unexpectedly Slows, Vindicating SNB Rate Cut
bloomberg.com/news/articles/2024-04-04/swiss-inflation-unexpectedly-slows-vindicating-snb-rate-cut
Transatlantic rate rift opening up at midyear: A June jamboree in central banking is being scratched from diaries as markets now suspect the Federal Reserve will ...
reuters.com/markets/transatlantic-rate-rift-opening-up-midyear-mike-dolan-2024-04-10/
How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate
project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04
US dollar weakens after producer prices data, falls below 153 vs yen: The dollar fell on Thursday as weaker-than-expected U.S. producer prices for March partly ...
reuters.com/markets/currencies/dollar-firms-yen-skids-fed-cut-wagers-crumble-2024-04-11/
Better: The Bloomberg Close, Europe Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-03/better-the-bloomberg-close-europe-edition
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Moderate price rises: Inflation in the eurozone falls to 2.4 percent: The time of drastic price rises for food and energy seems to be over and the rate of ...
spiegel.de/wirtschaft/inflation-in-der-eurozone-faellt-auf-2-4-prozent-a-6015a26a-7ff8-4e94-bdfc-c8dd9ce02554
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
European Stocks Advance as Focus Turns to ECB, US Inflation Data: European equities gained at the start of a week laden with key macroeconomic events ...
bloomberg.com/news/articles/2024-04-08/european-stocks-advance-as-focus-turns-to-ecb-us-inflation-data
Paid articlePaid Pound falls to lowest since December as dollar stays strong: The pound dropped to a four-month low against the dollar on Thursday, still under pressure after the ...
reuters.com/markets/currencies/pound-falls-lowest-since-december-dollar-stays-strong-2024-04-11/
BOJ Is Said to Mull Raising Inflation View on Strong Pay Deals: The Bank of Japan will likely consider raising its inflation forecast at a policy meeting later ...
bloomberg.com/news/articles/2024-04-09/boj-is-said-to-mull-raising-inflation-view-on-strong-pay-deals
Paid articlePaid ECB's Holzmann warming to June rate cut but keeping an eye on Fed: The European Central Bank could start cutting interest rates in June as inflation may fall ...
reut.rs/3U3rK92
Bank of Japan hints at near-term rate hike, pushing yields higher: Bank of Japan Governor Kazuo Ueda said inflation would likely accelerate from "summer towards ...
reuters.com/markets/asia/bojs-ueda-signals-chance-rate-hike-if-fx-moves-affect-prices-asahi-reports-2024-04-04/
Eurozone inflation falls faster than expected - Latest News: The inflation that has squeezed European shoppers fell more than expected in March to 2.4 percent ...
hurriyetdailynews.com/eurozone-inflation-falls-faster-than-expected-192150
Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call
cnbc.com/2024/04/18/bank-of-england-to-cut-rates-in-may-morgan-stanley-says.html
The yen has a yield problem the BOJ can't easily fix: As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy ...
reuters.com/markets/currencies/yen-has-yield-problem-boj-cant-easily-fix-2024-04-25/
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
ECB's central scenario points to interest rate cut in June, De Cos says: The European Central Bank could start cutting interest rates in June after a continued ...
reuters.com/world/europe/ecbs-central-scenario-points-interest-rate-cut-june-de-cos-says-2024-04-03/
ECB holds rates at record highs, signals upcoming cut: The European Central Bank kept interest rates at record highs on Thursday but sent an even clearer signal ...
reuters.com/markets/europe/ecb-holds-rates-record-highs-signals-upcoming-cut-2024-04-11/
How has the Bank of England dealt with four years of shocks?: Its credibility is battered but intact. It can do better
economist.com/britain/2024/04/04/how-has-the-bank-of-england-dealt-with-four-years-of-shocks
Eurozone inflation eases: What impact will it have on interest rates?: As new eurozone inflation figures are released, Euronews looks at recent trends in euro ...
euronews.com/business/2024/04/17/eurozone-inflation-eases-trends-across-the-continent-and-ecb-rate-expectations
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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