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19 March
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Japan's 10-year bond yield stays at top of BOJ ceiling
On Monday, the yield of 10-year Japanese government bonds (JGBs), holding for more than a week, fixed at the upper boundary of the Central Bank target. Apart from this mark, yields of other bonds also did not change much due to absence of moving signals on the market.
5 December 2022
Larry Summers urges Fed to boost rates more than markets expect
Former US Treasury Secretary Lawrence Summers warned that the Fed may have to raise interest rates in the future. Rates, as the economist notes, will be increased more than the markets currently expect.
5 December 2022
Bank of England should keep interest rate below 4.5% to avoid deep recession
Swati Dhingra, the newest member of the bank’s monetary policy committee, told the Observer newspaper that the UK could fall into a deep and prolonged recession if the Bank of England hikes interest rates to above 4.5%.
5 December 2022
Russia says it will not accept oil price caps and is preparing a response
The Kremlin said Saturday that Russia will not accept a cap on its oil prices and is preparing a response to the Western powers' agreement, which has entered into force.
5 December 2022
Central Banks of Germany and France say that inflation will return to 2%
The representative of the European Central Bank from two major regional economies declared that they plan to get inflation back to its 2% target. They said the ECB's tougher policy would help deal with rising prices.
5 December 2022
Japan's service-sector activity growth reached 3-month low
In Japan, service sector indicators showed a slight increase in activity over the past three months. This result was caused by inflation that slowed down the economy.
5 December 2022
ECB’s Villeroy intends to raise interest rates by 50 basis points in order to fight inflation
Francois Villeroy de Galhau, Governing Council member of the European Central Bank (ECB) and Governor of the Bank of France, stated that there is a need to raise interest rates by 50 basis points in order to curb the growth of consumer prices.
5 December 2022
Bank of England official warns about long recession with high rates
Bank of England representative Swati Dhingra declared that the growing interest rates can provoke a severe and long recession. Also, Dhingra added that an economic decline has already begun.
5 December 2022
G7 price cap on Russian oil goes into effect
On Monday, a Russian oil delivered by sea price cap, imposed by the G7 countries, came into effect. Nevertheless, Russia said it would not adhere to the restriction even if it had to cut production.
5 December 2022
The US economy to enter recession next year
According to a survey by the National Association for Business Economics (NABE), 57% of economists believe that the likelihood of a recession in 2023 is greater than 50%.
5 December 2022
