FRANKFURT—Tightening monetary policy now to rein in inflation could choke off the euro zone’s recovery, European Central Bank President Christine Lagarde said on Monday, pushing back on calls and market bets for tighter policy. With inflation already twice its 2 percent target and likely rising further later this year, the ECB is coming under increased…
ECB’s Lagarde Keeps Pushing Back on Rate Hike Bets and Hopes
November 15, 2021
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Dollar Eases From 16-Month High as Traders Seek Clues on Fed Rate Plans
November 15, 2021
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LONDON—The dollar eased on Monday from an almost 16-month high versus major peers, as traders awaited fresh clues on Federal Reserve interest rate hike plans on the back of red-hot inflation. The dollar had been buoyant since Wednesday, when data showed U.S. consumer prices rose last month at the fastest annual pace since 1990, casting…
ECB ‘Very Unlikely’ to Raise Rates in 2022, Lagarde Says
FRANKFURT—The European Central Bank is very unlikely to raise interest rates next year as inflation remains too low, European Central Bank President Christine Lagarde said on Wednesday, pushing back on market bets for a move as soon as next October. With inflation running at a 13-year-high, markets are increasingly betting that the ECB will retreat…
Inflation Outlook Key for Timing of Polish Interest Rate Rise: Central Banker Says
WARSAW—Poland’s November inflation projection may be crucial for the country’s central bank in deciding whether interest rates rise again this year, Eryk Lon, one of the most dovish members of the Monetary Policy Council (MPC), said. In an unexpected move, the bank raised its benchmark interest rate in October by 40 basis points to 0.5…
Dollar Dips as Traders Focus on Rate Hike Prospects Elsewhere
October 25, 2021
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LONDON—The dollar fell on Monday back towards a one-month low as traders continued to focus on the prospect of interest rate hikes and tightening outside of the United States. Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan,…
Canada’s Inflation Rate Hits 18-Year High, Puts Focus on Central Bank Rate Policy
OTTAWA—Canada’s annual inflation rate accelerated to an 18-year-high in September, driven by high gas prices, soaring housing costs, and rising food prices, data showed on Wednesday, putting the focus on the Bank of Canada ahead of a rate decision next week. Inflation increased to 4.4 percent, beating the average analyst estimate of 4.3 percent, to…
Dollar Drops as Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Month Peak
October 19, 2021
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LONDON—The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while the yuan surged to its highest in four months, benefiting from greenback weakness and a slight easing in property market concerns. A robust start to the U.S. earnings season and hopes that China will be…
Fed’s Barkin Says More Data Needed Before Rate Hikes Are Appropriate
Richmond Federal Reserve President Tom Barkin on Thursday said the U.S. central bank has cleared a path for what he hopes to be a “seamless” start to a reduction in its support for the economy, but that it will take more time to determine when interest rate hikes will be appropriate. “We still have a…
Money Markets Ramp Up Global Rate Hike Bets, Add Pressure on Central Banks
October 12, 2021
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LONDON—As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises, in most cases betting that policy will be tightened far sooner and at a much faster pace than rate-setters are signalling. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike,…
Ireland Agrees to Global Tax Deal, Sacrificing Prized Low Rate
October 8, 2021
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DUBLIN—Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday, agreeing to give up its prized 12.5 percent tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide. Ireland, the low-tax European headquarters for blue chip companies including Apple, Google, and Facebook, declined to sign…
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