Yellen says US-backed IMF funding increase is ‘pretty likely’
U.S. Treasury Secretary Janet Yellen addresses a news conference during a G20 finance ministers' and Central Bank governors' meeting at...
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India central bank chief says currency markets interventions are not always ‘black and white’
The Reserve Bank of India (RBI) Governor Shaktikanta Das attends a G20 press briefing on the fifth day of the...
No ‘big opening’ for rate cuts in central Europe, IMF says
The logo of the Polish Central Bank (NBP) is seen on their building in Warsaw, Poland, September 25, 2023. REUTERS/Kacper Pempel Acquire Licensing RightsCEE should maintain tight monetary stance -IMF directorBe ready to raise rates again if needed, he saysPolish, Hungarian CPI to remain among highest in EuropeFiscal policy should also support disinflation -IMFBUDAPEST, Oct 13 (Reuters) - Central Europe's central banks should maintain a tight monetary stance for a "considerable time" to ensure inflation is kept in check, and be ready to raise interest rates again if needed, a...
France, Germany close to EU energy market reform deal, finance minister LeMaire says
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire leaves following the weekly cabinet meeting at the...
Yellen sticks to view U.S. economy headed for soft landing
U.S. Secretary of Treasury Janet Yellen holds a news conference at the Museum of the Water Civilization in Morocco on...
British landlords face a ‘cliff-edge’ of higher rates, warns IMF
Fears are growing that buy-to-let investors could drop out of the sector as they remortgage next year.Over 1.5 million borrowers...
IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area
Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts...
IMF says ‘weak tail’ of banks could struggle in an economic downturn
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsWASHINGTON, Oct 10 (Reuters) - Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the sector in recent months, the International Monetary Fund (IMF) said on Tuesday.A further 30% of banks - including some of the world's largest - would be vulnerable if the global economy enters a period of low growth...
Europe’s money-printing spree risks ending in bailouts, analysts warn
Europe’s money-printing spree risks triggering bailouts across the Continent as governments pay the price of a decade of cheap money.BNP...
Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump
WASHINGTON, Oct 6 (Reuters) - Rocketing U.S. government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major crisis.The world's finance officials, who will gather in Morocco next week for the annual meetings of the International Monetary Fund and World Bank, may disagree over the exact drivers of a global bond rout that now appears to reflect more than guessing how far central bankers will raise interest rates.The cause - whether high government...