Uncertainty about the terms of Brexit are muddling expectations about the Bank of England’s monetary policy. The yield curve can always be thought of as a weighted average of different outcomes, but at ...
Norway’s central bank raised interest rates for the first time in seven years as policy makers in Scandinavia’s richest economy start unwinding the record stimulus put in place to fend off the worst oil crisis in a generation. Norges Bank increased its benchmark rate by a quarter point to 0.75 percent, as predicted by all 23 economists surveyed by Bloomberg before the decision. "The Executive Board’s current assessment of the outlook and balance of risks suggests that the key policy rate will most likely be increased further in 2019 Q1" Governor Oystein Olsen said in a statement.
Euro Stoxx 50 futures are unchanged after a quiet session in the U.S. that offered a respite for trade barbs. Asian stocks turned mixed Thursday after the recent rally and Treasury yields approached the highest level this year, hitting 3.09%. The back-and-forth is leaving investors in limbo, making it too unsafe to invest in the U.K., according to Oaktree Capital co-chairman Howard Marks.
NEW DELHI (Reuters) - India has raised the interest rates on small savings schemes for the December quarter, a government statement said on Thursday, after the central bank raised interest rates last month.
Just when it looked like big central banks were swimming in the same direction, they are starting to come apart. Central banks all have domestic mandates, but the world is so inter-connected and capital flows so freely that to meet those mandates they must rely on forecasts and risk assessments about the world at large. The main outlier is the Federal Reserve, whose policy makers meet next week to set interest rates.
The “Great Bull” market is over, according to Michael Hartnett, chief investment strategist at Bank of American Merrill Lynch. Slowing economic growth, rising interest rates and a surfeit of debt, the strategist wrote in a research note looking at markets a decade after Lehman Brothers collapsed, CNBC reports. “The Fed is now in the midst of a tightening cycle, ignoring structural deflation, focusing on cyclical inflation,” he’s quoted saying.