Posts Tagged ‘Bank’

RBA Set for Longest Pause Since 2007 on Jobs: Australia Credit

Reserve Bank of Australia Governor Glenn Stevens is poised to keep borrowing costs unchanged for the longest stretch since 2007 after the nation’s record job growth slowed, money markets indicate. View full post on All Stories

Lockhart Says Job Progress Slow, Rate of Inflation to Ease

Federal Reserve Bank of Atlanta President Dennis Lockhart said the pickup in jobs this year will reduce unemployment slowly and higher inflation in recent months probably won’t persist. View full post on All Stories

Pound Rallies, Gilts Slump After BOE Says Inflation to Reach 5%

The pound strengthened against the dollar and the euro after the Bank of England said it sees inflation “markedly higher” in the near term amid record low borrowing costs. Gilts slumped. View full post on All Stories

Hike shaves 463 points off Sensex

Indian markets on Tuesday fell 2.4%, the most in over a month, after the Reserve Bank of India raised borrowing cost by more-than-expected 50 basis points and said it would battle stubbornly high inflation even at the cost of slower economic growth. View full post on All Stories

Bank Rossii Says New Rate May Boost Floaters: Russia Credit

Russia is seeking to bolster the appeal of variable-rate bonds, a market less than 3 percent the size of Brazil, by introducing a gauge of floating rates as investors look for protection against rising borrowing costs. View full post on All Stories

BOJ to hold fire, stick to recovery view despite quake

The Bank of Japan is expected to sharply cut its economic forecast for the current fiscal year due to last month’s devastating earthquake but project a rebound in the autumn, signaling that it has eased monetary policy enough to keep the economy afloat at least for now. View full post on All Stories

Rate rises to hit interest-only mortgages

The Bank of England may have left interest rates on hold this month, but how long can the cost of borrowing be kept so low? View full post on All Stories

Emerging Markets Report: World Bank, IMF call for support for Mideast

The World Bank and the International Monetary Fund on Saturday called for support for the nations of the Mideast, warning of the dangers of higher oil prices and a jobless economic recovery, a Saturday media report said. View full post on All Stories

World Bank urges new thinking to tackle conflicts, violence

WASHINGTON (Reuters) – A new World Bank report, challenging a view long embraced by global institutions, says high economic growth alone cannot reduce the poverty and unemployment that breed … View full post on All Stories

Lack of jobs among youth a recipe for wars: World Bank

The World Bank has asked African governments to urgently tackle youth unemployment and inequality among different population groups to avoid losing economic gains. View full post on All Stories

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