Tag: policy
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A decade after Brexit, Britain weighs costs and gains
Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer’s resignation on Monday.
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BOJ may raise interest rates twice by March, says ex-BOJ policymaker
TOKYO, June 19 : The Bank of Japan may raise interest rates twice by the end of the current fiscal year, after making a landmark shift in its policy focus toward mounting inflation risk, former board member Makoto Sakurai said on Friday.The central bank justified Tuesday’s decision to raise its short-term pol
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Dollar firms as markets await Fed decision and Warsh debut
NEW YORK, June 17 : The dollar edged higher on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting, the first to be chaired by Kevin Warsh, with markets closely watching for any signs of a hawkish shift from policymakers.The Fed is widely expected to hold its benchmark rate stead
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Analysis:BOJ deputy’s brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan’s second-in-charge stepped in for his sick boss at this week’s historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banker seen as among pros
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Why Spain’s electricity bills have fallen during an energy crisis
Homes and business are benefitting from Spain’s commitment to clean energy.
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Warsh’s debut Fed press conference may reveal his strategy for inflation, rates
WASHINGTON, June 15 : New Federal Reserve Chairman Kevin Warsh has talked at length in recent years about the U.S. central bank’s balance sheet, the need to say less about interest rates and why it should not dip into issues like climate change.A Fed press conference on Wednesday, though, will mark his first
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Bank of Korea governor says interest rates to be raised ‘on time’
SEOUL, June 12 : South Korea’s central bank governor said on Friday it was necessary to raise interest rates “on time” as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. “Monetary policy often faces trade-offs between po
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Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still effectively
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BOJ set to raise key rate to 1.0% in June, 1.25% by year-end: Reuters poll
TOKYO, June 10 : The Bank of Japan will raise its key interest rate this month and again in the fourth quarter, taking borrowing costs to 1.25 per cent by year-end, as it grows more wary of inflation risks than downside hazards to the economy, a Reuters poll of economists showed.BOJ Governor Kazuo Ueda all…
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High-tech drug tunnel found between Mexico and California
A sophisticated, 2,000‑foot drug tunnel linking Mexico to California has been uncovered, along with a $45 million cocaine seizure. Authorities are calling it a major hit on cartel operations.
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