The European Central Bank is likely to raise its deposit rate out of negative territory by the end of September and could lift it further if it sees inflation stabilising at 2%, ECB President Christine Lagarde said on Monday. “Based on the current outlook, we are likely to be in a position to exit negative … Read more
The head of the European Central Bank warned that high oil and gas prices are hitting consumers in the 19 countries that use the euro harder than in other major economies and underlined that the bank won’t add to the squeeze by raising interest rates anytime soon. Christine Lagarde‘s message that it’s “highly unlikely” the … Read more
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1 GERMANY‘S ‘MUTTI’ BOWS OUT Sunday’s German election is a close call and stakes for Europe’s biggest economy couldn’t be higher. After 16 years of steady, centre-right leadership, Chancellor Angela Merkel … Read more
FRANKFURT: The European Central Bank said Thursday it would significantly ramp up the pace of its pandemic emergency bond buys, in a bid to soothe market jitters about a rise in government borrowing costs. The move over the next quarter is aimed at “preventing a tightening of financing conditions” while the eurozone economy is still … Read more
NEW DELHI: Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, … Read more
The Reserve Bank of India has directed HDFC Bank to pay Rs 210 crore to Mashreq Bank, which had extended a loan to real estate financier Altico Capital that is seeking central bank approval for debt resolution, people with direct knowledge of the matter told ET. Last October, the indebted non-banking finance company and Dubai-based … Read more