Connect to share and comment

Abe meets with BOJ chief Kuroda at prime minister's office

Prime Minister Shinzo Abe on Tuesday met with Bank of Japan Governor Haruhiko Kuroda, apparently to discuss the country's economic condition and the monetary policy of the central bank. Kuroda visited Abe's office after the government raised the consumption tax rate to 8 percent from 5 percent on April 1, raising concerns among the public and financial markets about a possible negative impact on Japan's attempt to revive the economy by beating nearly two decades of deflation.

Higher food costs in India probably pushed inflation up in March

By Rajesh Kumar Singh NEW DELHI (Reuters) - Inflation in India is expected to have edged up on higher food costs in March, snapping a three-month easing trend that will give the central bank less scope to support the economy amid fresh signs of slowdown. Analysts say the risk of less-than-normal monsoon rains this summer will call into question assumptions that the worst is over for Asia's third-largest economy.

Ukraine's central bank hikes benchmark rate to defend currency

By Natalia Zinets KIEV (Reuters) - Ukraine's central bank increased its benchmark interest rate for the first time in eight months on Monday in a bid to defend its currency which has lost almost two-fifths of its value since the start of the year due to the conflict with Russia. The central bank hiked the benchmark rate to 9.5 percent from 6.5 percent in its first change since August last year. The rate change will go into force from Tuesday.

Analysts see inflation trending higher in Brazil

Rio de Janeiro, Apr 14 (EFE).- Financial analysts have revised their 2014 inflation forecast for Brazil upward from 6.35 percent to 6.47 percent, the Central Bank said Monday. The new number is near the 6.5 percent upper range of the government's target. The inflation forecast was included in the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the outlook of the national economy.

Italy sees inflation slow down: official data

Inflation in Italy has slowed again to 0.4 percent on a 12-month basis in March, official final data showed on Monday amid growing concern over Europe's deflation risk. That compared with 0.5-percent inflation in February. The cost of living rose by 0.1 percent from the February level, the Istat data agency said, adding that the slowdown was due to prices decreases for energy and food. The definitive figures confirmed preliminary ones. Excluding unprocessed food and energy, core inflation was 0.9 percent -- 0.1 points lower than in February.

Italy sees inflation slow down: official data

Inflation in Italy has slowed again to 0.4 percent on a 12-month basis in March, official final data showed on Friday amid growing concern over Europe's deflation risk. That compared with 0.5-percent inflation in February. The cost of living rose by 0.1 percent from the February level, the Istat data agency said, adding that the slowdown was due to prices decreases for energy and food. The definitive figures confirmed preliminary ones. Excluding unprocessed food and energy, core inflation was 0.9 percent -- 0.1 points lower than in February.

German finance minister sees no sign of deflation spiral in Europe

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Monday he sees no signs at all of a deflation spiral in Europe and ECB President Mario Draghi had made a convincing case at the recent IMF meeting that Europe's low inflation held no deflation risk.

Singapore keeps monetary policy tight, sees economy rebounding from weak first quarter

By Masayuki Kitano and Jongwoo Cheon SINGAPORE (Reuters) - Singapore's central bank stuck to its tight monetary policy stance on Monday despite weaker growth in the first quarter, saying core inflation will remain elevated as a sustained recovery in advanced economies spurs a rebound in the city-state.

BOJ Kuroda's meeting with PM Abe won't alter policy stance: sources

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and an uptick in the yen. Kuroda has remained bullish about the outlook for economic recovery and an escape from deflation, but the meeting with Abe could revive expectations of additional stimulus.

Interest rates, corporate earnings in focus this week on North American markets

TORONTO - Stock markets are likely in for another choppy week of trading as traders concentrate on Canadian interest rates and a number of U.S. earnings reports. The Bank of Canada makes its next rate announcement on Wednesday and analysts fully expect the bank will leave its key rate where it's been since September 2010 — at one per cent.
Syndicate content