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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...
Currencies

Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low

Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON/LONDON, Aug 15 (Reuters) - The dollar index was lower after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China's central bank unexpectedly cut key policy rates.U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that demand has remained resilient despite the Federal Reserve's aggressive interest rate hikes to tame inflation, thanks to strong wage gains from...
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