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Search resuls for: "Bank of England's Jon Cunliffe"


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Morning Bid: The ECB won't throw a curve ball
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
It's a given the ECB will deliver its eighth straight rate hike of 25 bps, and confirm that the pace of quantitative tightening will pick up. They might hike again in July and September, is the broad view, putting the inflation battle ahead of the growth slowdown. Macro forecasts are also due but are unlikely to change ECB President Christine Lagarde's determination and view that "there is no clear evidence that underlying inflation has peaked". Reuters GraphicsNever say never, but ING believes markets are "priced to perfection" for the ECB, with at least two rate rises, including Thursday's, in the price. In Asia, Japan's stock market (.N225) continued to scale fresh 33-year highs, while China's economy continued to underwhelm.
Persons: Vidya Ranganathan, It's, Christine Lagarde's, Jerome Powell, Hafize Gaye, Bank of England's Jon Cunliffe, Edmund Klamann Organizations: Vidya, European, ECB, ING, Fed, Bank of England's, Thomson Locations: U.S, Asia, China, Turkey, Brussels
Morning Bid: Bulls take cover
  + stars: | 2022-11-21 | by ( Yantoultra Ngui | ) www.reuters.com   time to read: +2 min
We have seen this story before of markets getting ahead of themselves, but the latest China worries are resurfacing just as global investors dial back hopes of an imminent Fed pivot on interest rates. In Europe, ECB policymakers are seen taking an even tougher stance. Three top officials said on Friday that the European Central Bank must raise interest rates high enough to dampen growth as it fights record inflation and it could soon start running down its 5 trillion euro ($5.2 trillion) debt pile. Minutes from the ECB meeting and the Fed this week will provide markets more direction on the outlook for interest rates, while manufacturing and consumer confidence data will give a snapshot of the health of economies. Meanwhile, U.S. President Joe Biden is proving that age is just a number as he turned 80 on Sunday, making him the first octogenarian president in U.S. history.
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