The European Central Bank‘s most rebellious rate-setter has one last suggestion before he departs this month: more transparency on policy decisions. Arch hawk Robert Holzmann, who’s been comfortable delivering a lone ‘no’ vote on occasions during the ECB‘s easing push, wants outsiders to glean more of an understanding of officials’ thinking as they calibrate borrowing … Read more
Preparations for the series-deciding fifth Test between India and England took an unexpected turn on Tuesday after a confrontation between India head coach Gautam Gambhir and Oval chief curator Lee Fortis during the visitors’ training session sparked a wider debate over double standards in pitch access. The altercation, which occurred two days before the crucial … Read more
The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday. “I don’t see any interest rate hikes at the moment. What could happen, though, is that one takes more time until the … Read more
The European Central Bank and Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The … Read more
The European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday’s hike could be its last. ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting … Read more
“You can take any measure of that real inflation rate, it can be linked to the central bank’s rate versus the bond yields, it can be 10-year bond yield or you take any other measure we are just about going to hit the positive territory when it come to the interest rates,” says Mahantesh Sabarad, … Read more
The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the euro zone heads into a likely recession and faces soaring borrowing costs. The 19-country currency bloc is facing the double whammy of sky-high inflation and a sharp economic … Read more
The dollar resumed its rise in Asia on Thursday after falling back from a two-decade high overnight, as investors pondered the path of global monetary policy ahead of a European Central Bank rate decision and comments from Federal Reserve Chair Jerome Powell later in the day. The U.S. dollar index, which measures the currency against … Read more
Mumbai: For mortgage lenders witnessing strong growth, the Reserve ‘s easing of overseas borrowing limits is of little help as historical restrictions on end use and, more importantly, demand for higher yields by overseas investors make external borrowing unviable for them. The necessity of an investment grade credit rating to tap the overseas market is … Read more
Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July. Helping to mellow the mood was news that Shanghai authorities will cancel many conditions for businesses to resume work from … Read more