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Recent News Headlines : Rbnz
ASIA SET TO RAISE RATES NEXT YEAR, BUT STILL LAG FED
Yet it will lag the Federal Reserve's rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China... READ MORE›
AFTER 2 HIKES THIS YEAR, BANK OF CANADA STANDS PAT AND KEEPS INTEREST RATE STEADY AT 1%
Bank of Montreal economist Doug Porter says that's because the bank in its statement said it would continue to be cautious about setting monetary policy... READ MORE›
CANADA CENTRAL BANK KEEPS KEY LENDING RATE AT 1 PCT
Canada, the United States and Mexico's renegotiation of the North American Free Trade Agreement appears to be headed toward a deadlock... READ MORE›
SOUTH KOREA RAISES RATES FOR FIRST TIME IN SIX YEARS, FLAGS JOB MARKET RISKS
Board member Cho Dong-chul dissented in the 6-1 vote to raising interest rates to 1.50 percent... READ MORE›
UK SHOP PRICES SLIP 0.1 PERCENT IN NOVEMBER FOR THIRD MONTH RUNNING
After raising interest rates for the first time in 10 years earlier this month, the Bank of England said it thought consumer price inflation... READ MORE›
BOND TRADERS BRACE FOR INFLATION DATA THAT COULD RATTLE THE FED
After Federal Reserve officials for years tip-toed around the Treasuries market for fear of rattling traders with tightening monetary policy, they've stuck to their predicted course throughout 2017... READ MORE›
UK SHOPPERS CUT SPENDING BY MOST IN MORE THAN FOUR YEARS
UK shoppers cut spending by most in more than four years Visa... READ MORE›
U.S. STOCKS POST DECLINE FOR WEEK AMID TAX DEBATE
Energy stocks also struggled as crude slipped below 57 a barrel amid rising tensions in the Persian Gulf... READ MORE›
JAPAN PM ABE AIDE HONDA SAYS INAPPROPRIATE TO REAPPOINT BOJ GOVERNOR KURODA
Bank of Japan BOJ Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, October 31, 2017... READ MORE›
BOE RAISES INTEREST RATE FOR FIRST TIME IN MORE THAN DECADE
Led by Governor Mark Carney, the Monetary Policy Committee voted 7-2 on Thursday to increase the benchmark rate to 0.5 percent from 0.25 percent... READ MORE›
SOUTH KOREA GDP GROWS AT FASTEST PACE IN SEVEN YEARS, BRUSHES OFF GEOPOLITICAL TENSIONS
Year-on-year growth accelerated to 3.6 percent in the third quarter from 2.7 percent in the second quarter, also beating forecasts... READ MORE›
BRAZIL CENTRAL BANK SET TO TAPER RATE CUTS NEAR RECORD LOW
Inflation has plunged from double-digits to less than 3 percent, far below the official target of 4.5 percent... READ MORE›
CHINA'S ECONOMY GROWS 6.8% AMID WARNINGS OVER DEBT LEVELS
China's economy grows 6.8 percent amid warnings over debt levels... READ MORE›
AUSTRALIA JOBS GROW AT FASTEST PACE SINCE 2008, INFLATION STILL LAGS
Data out on Thursday showed the unemployment rate slipped to 5.5 percent, compared with analysts' expectations for a steady 5.6 percent... READ MORE›
G-20 FINANCE CHIEFS, UPBEAT ON WORLD ECONOMY, AFFIRM COORDINATION OVER RISKS
G-20 finance chiefs, upbeat on world economy, affirm coordination over risks... READ MORE›
THE DEADLINE FOR BANKS TO ACT OVER TRACKER MORTGAGES WAS YESTERDAY
Leo Varadkar The deadline for banks to act over tracker mortgages was yesterday... READ MORE›
DOLLAR TREADS WATER AS INVESTORS AWAIT U.S. INFLATION DATA
Inflation remains around 0.5 percent, still below our target, Kuroda told reporters upon arrival for the Group of 20 finance leaders' gathering in Washington... READ MORE›
FED'S ROSENGREN STANDS FIRM ON NEED FOR GRADUAL RATE HIKES
"Low inflation readings have provided monetary policy makers the opportunity to take a more patient approach to removing accommodation than in recent recoveries," he said... READ MORE›
HOUSING AFFORDABILITY SET TO GET EVEN WORSE NEXT YEAR, BIG BANKS WARN
Mortgage carrying costs to rise 8 percent for new buyers next year, Scotiabank says... READ MORE›
FEDERAL RESERVE LEAVES KEY RATE UNCHANGED, BUT EXPECTS ANOTHER 2017 INCREASE
Federal Reserve policymakers say they still expect to hike short-term interest rates one more time this year and three times in 2018, if persistently low inflation rebounds... READ MORE›
AUSTRALIA JOBS PICK-UP TO CONTINUE, BUT LEAVE WAGES BEHIND
Balancing the risks from record-high private debt amid tepid inflation, the RBA has held rates at 1.50 percent after last easing in August 2016... READ MORE›
FED LIKELY TO STAY ON TRACK FOR DECEMBER RATE INCREASE SURVEY
They also expect Fed officials to trim their estimate for the long-run rate of unemployment to a median 4.5 percent from 4.6 percent... READ MORE›
MUTED INFLATION A TRILLION-DOLLAR PUZZLE, SAYS BIS
The BIS said this raises a question over the potential for another crisis if there is a significant rise in interest rates... READ MORE›
POUND JUMPS TO ONE-YEAR HIGH ON BANK OF ENGLAND INTEREST RATE HINT
Members of the Bank's nine-strong Monetary Policy Committee voted 7-2 to keep interest rates on hold at 0.25 percent, as widely expected... READ MORE›
FIVE THINGS YOU NEED TO KNOW TO START YOUR DAY
Overnight, the MSCI Asia Pacific Index advanced 0.2 percent, while Japan's Topix index climbed 0.6 percent as the yen remained weak against the dollar... READ MORE›
Trending News Headlines : Rbnz
INDIA ABOLISHES 500 AND 1,000 RUPEE NOTES TO FIGHT CORRUPTION
Five hundred rupee 7.5 and 1,000 rupee notes will cease to be legal tender from Wednesday, Prime Minister Narendra Modi said in an unscheduled address to the nation... READ MORE›
VENEZUELANS GIVE UP ON COUNTING PILES OF CASH AND START WEIGHING THEM
For a QuickTake explainer on Venezuela's economy, click here Until now, as the bolivar sank, the government declined to print bigger-denomination bills... READ MORE›
BUY GOLD NO MATTER WHO WINS THE ELECTION HSBC SAYS
Even the relatively more internationalist Democratic candidate has argued for the renegotiation of longstanding free-trade agreements... READ MORE›
WHAT WILL INDIA DO WITH 23 BILLION WORTHLESS BANKNOTES?
The notes would make a pile 300 times the height of Everest... READ MORE›
WORLD FACES WAVE OF EPIC DEBT DEFAULTS, FEARS CENTRAL BANK VETERAN
But Mr White said it would be a good start for governments to stop depending on central banks to do their dirty work... READ MORE›
DAVID CAMERON WARNS OF LOOMING SECOND GLOBAL CRASH
A European Central Bank ECB survey showed that inflation would remain at worryingly low levels before picking up slightly next year... READ MORE›
BONDS PLUNGE BY $1 TRILLION THIS WEEK AS TRUMP SEEN GAME CHANGER
Yields on U.S. 30-year bonds, which are more sensitive than shorter maturities to the outlook for inflation, jumped the most this week since January 2009... READ MORE›
A $7 TRILLION MOMENT OF TRUTH IN MARKETS IS JUST THREE DAYS AWAY
The exodus has driven up Libor rates as banks and other corporate entities compete to replace the lost funding... READ MORE›
BRITISH PANIC OVER MARMITE SHOWS BREXIT JUST GOT REAL
What can the bank of england do about inflation? what does that mean for interest rates?... READ MORE›
AUSTRALIANS MAY SOON STRUGGLE TO MAKE ENDS MEET
Further intensifying the squeeze is a rising cost of living, with electricity prices climbing as much as 20 percent in New South Wales state next month... READ MORE›
LONDON HOUSE PRICES MOST OVERVALUED IN THE WORLD, SAYS UBS
London house prices most overvalued in the world, says UBS... READ MORE›
WHY NOBODY TRUSTS THE WORLD'S BEST CURRENCY
The regulator in January removed regulations limiting lenders from buying and selling foreign currency outside a 4 percent band on either side of the official exchange rate... READ MORE›
FED RATE-HIKE ODDS APPROACH 100 IN ANTICIPATION OF TRUMPENOMICS
Trump's spending plans are driving speculation the Fed will pick up its pace of rate increases as inflation expectations climb... READ MORE›
LAND WITH LONGEST STRETCH OF NEGATIVE RATES FINDS RICH ARE GETTING RICHER FASTER
Loose monetary policy can also spur higher inflation, which reduces the debt burden for poorer members of society and also promotes job creation... READ MORE›
CARNEY INDICATES INTEREST RATES MAY RISE AT 'TURN OF YEAR'
Bank of England governor Mark Carney indicates that UK interest rates could rise at the turn of this year ... READ MORE›
1. IS THE ECONOMY REALLY OUT OF THE WOODS?
Oil and gas contributed 40 percent of Russia's budget revenue in 2016... READ MORE›
XIAOMI TO OPEN ONLINE US STORE
06 45 HSBC tax scandal BBC Radio 4 The Bank of England's Sir Jon Cunliffe was asked about HSBC on Today... READ MORE›
GOLD CAUGHT IN CROSSFIRE AS TRUMP ANGST RUNS INTO RATE CONCERNS
In Singapore, paring the week's advance to 1.7 percent, according to Bloomberg generic pricing... READ MORE›
US FED ENDS QE STIMULUS PROGRAMME
The targets for inflation and reduction in unemployment were on track, the Fed said in a statement... READ MORE›
EUROPE'S NEXT BIG CURRENCY OPPORTUNITY JUST GOT A LOT CLOSER
Inflation is gathering strength, and it's set to accelerate faster than the central bank predicts in its forecast, Seidler said... READ MORE›
SURGING WORLD GROWTH MAKES A MOCKERY OF BREXIT PANICA
Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain'... READ MORE›
HOW WILL INDIA DESTROY 20 BILLION BANKNOTES?
India's central bank will have to destroy, by one estimate, some 20 billion expired banknotes after it scrapped two high-value denominations... READ MORE›
LONDON HOUSES ARE SECOND MOST OVER-VALUED IN WORLD
Low-interest rate regimes across Europe have pushed prices in London, Stockholm, Munich and Zurich to record levels, after accounting for inflation... READ MORE›
FEAR OF RISING RATES MAY HAVE OBSCURED THE BANK OF CANADA'S GOOD NEWS STORY
A question that our central bankers were unable to resolve was why inflation remains so low... READ MORE›
RUSSIAN RUBLE REMAINS RESILIENT TO CRUDE MOOD SWINGS
The Russian currency has come under strong pressure in recent days with Brent crude futures losing 8.1 percent since March 7... READ MORE›
CHINA VOWS TO CONTAIN CORPORATE DEBT LEVELS AS INFLATION HEATS UP
I don't think there's an inflation issue in China, it's an asset bubble, said Commerzbank senior emerging market economist Zhou Hao in Singapore... READ MORE›
CHINA NEEDS TO REGULATE 'MONEY GATES' BUT GUARD AGAINST FINANCIAL STRESS
Chinese policymakers face a dilemma as they need to tighten credit to contain debt and speculative investment without triggering a wave of defaults that could destabilize the financial system... READ MORE›
HEDGE-FUND MANAGER CRISPIN ODEY SAYS IT'S NOW MORE LIKELY THE MARKET WILL CRASH
Hedge-Fund Manager Crispin Odey Says It's Now More Likely the Market Will Crash... READ MORE›
DOLLAR RISES BONDS FALL AMID FED WAGERS AS YELLEN GIVES NO HINT
West Texas Intermediate oil for November delivery declined 0.2 percent to 50.35 a barrel on the New York Mercantile Exchange... READ MORE›