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Currencies

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...
Pension

Analysis: Inflation, budget risks await Polish vote winner

Risk of inconclusive Oct. 15 election loomsLarge rate cut ahead of ballot raises inflation risksEconomy strong, but medium-term fiscal pressures risingWARSAW, Sept 25 (Reuters) - Less than three weeks ahead of Poland's hotly contested general election, Warsaw pensioner Jadwiga Buczek is feeling better about a cost of living crisis which, for the past two years, has hit central Europeans harder than most."Let me tell you, there was a time when I couldn't even afford to buy salmon, for example. And now I'll go and buy myself a piece of salmon...
Economy

Biden takes shot at Trump on jobs in battleground Pennsylvania

PHILADELPHIA, Sept 4 (Reuters) - U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House.A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels."It wasn't that long ago we were losing jobs in this country," Biden...
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