ECB Sees ‘Substantial Risks’ to Inflation Outlook, Luis de Guindos Says (28.10.2024)
The European Central Bank has made significant progress in bringing down inflation but can’t declare victory just yet, according to Vice President Luis de Guindos.
U.S. finalizes rules to curb AI investments in China, impose other restrictions (28.10.2024)
The U.S. said it is finalizing rules Monday to limit U.S. investments in AI and other technology sectors in China that could threaten U.S. national security.
Chinese Central Bank Adds Outright Reverse Repo to Monetary Policy Toolbox (28.10.2024)
China’s central bank is expanding its monetary policy toolkit to get a better handle on liquidity in the financial system as it seeks to add more levers to fine-tune the economy.
ECB Communications Are Getting Messy as Rate Cuts Advance (28.10.2024)
So far, European Central Bank officials have mostly succeeded in steering the euro-zone economy toward 2% inflation with a single voice. But as they circle in on their target, views on what to do when are set to diverge.
US Consumer Sentiment Rises to Six-Month High on Rate Relief (25.10.2024)
Sentiment among US consumers increased in October to a six-month high as households grew more upbeat about buying conditions, partly because of cheaper financing costs.
ECB's Vasle Says Shouldn’t Rush Rate Cuts or Plan Too Far Ahead (25.10.2024)
The European Central Bank shouldn’t hurry to lower interest rates or spend too long right now contemplating how far and how quickly they should fall, according to Governing Council member Bostjan Vasle.
EU Sees 'Significant Gaps' With China as EV Tariffs Loom (25.10.2024)
The European Union said it still sees “significant remaining gaps” with Beijing after eight rounds of negotiations aimed at avoiding tariffs on Chinese-made electric vehicles that are due to kick in by the end of this month.
IMF Sees Growth Shift Toward BRICS, Away From G-7 in New Outlook (23.10.2024)
The world economy is set to rely even more heavily on the BRICS group of emerging economies to drive expansion, rather than their wealthier Western peers, according to the International Monetary Fund’s latest forecasts.
China Refrains From Cutting Policy Rate After Record Trim (25.10.2024)
China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support the economy.
Xi’s Stimulus Package Met With Wall of Skepticism in Washington (25.10.2024)
President Xi Jinping’s boldest economic stimulus since the pandemic failed to impress global luminaries gathered in Washington this week, who called for more measures to rebalance China’s growth and greater clarity over Beijing’s policy plans.
ECB Mustn't Keep Interest Rates Too High for Too Long, Martins Kazaks Says (24.10.2024)
The European Central Bank mustn’t keep interest rates too high for too long, according to Governing Council member Martins Kazaks, who said weakness in the euro-zone economy is now his “single biggest concern.”
ECB Would Need ‘Powerful’ Data for Big Rate Cuts, Makhlouf Says (24.10.2024)
The European Central Bank should reserve big interest-rate cuts for exceptional circumstances, according to Governing Council member Gabriel Makhlouf, who said he prefers a “cautious” approach to ensure that inflation’s retreat to 2% stays on track.
ECB’s Pierre Wunsch Says It's Too Early to Consider Half-Point Cut in December (24.10.2024)
European Central Bank Governing Council member Pierre Wunsch said it’s far too early to start considering a half-point interest-rate reduction in December.
China Asks Carmakers to Halt Europe Expansion Over EV Tariff Trade Conflict (24.10.2024)
China is pressuring its automakers to pause expansion in the European Union due to the escalating trade conflict over electric vehicles, people familiar with the matter said.
ECB Policymakers’ Views on What’s Ahead Are Diverging: Overview (24.10.2024)
Views among European Central Bank officials about where to take monetary policy are starting to diverge as the institution’s 2% inflation target moves within close reach.