A cut in banks’ reserve requirement ratio may also come this month or in October, with a reduction possible at the Sept. 26 rate meeting, Diokno told reporters in Tarlac province north of the Philippine capital on Friday.
NEW YORK (Reuters) – With U.S.-China trade tensions roiling markets, investors are counting on support for stocks coming from a Federal Reserve willing to keep cutting interest rates to help the U.S. economy avoid a severe downturn.
The median forecast of 10 economists in the poll was for the country to record a $190 million surplus in August, compared with the revised $64 million deficit in July.
While such a policy is widely considered valid only for economies in Europe and Japan with chronically low inflation and weak growth, the idea is attracting other supporters elsewhere – not least U.S. President Donald Trump, who has labeled U.S. central bankers “boneheads” for not resorting to it.
TOKYO (Reuters) – An increasing number of economists expect the Bank of Japan to ramp up stimulus this year, with well over a third of them polled by Reuters betting the central bank would act next week.
WASHINGTON (Reuters) – Trade tensions are weighing on growth across the world, but the International Monetary Fund is “far” from forecasting a global recession, an IMF official told Reuters on Friday, as the fund prepares to release a new economic outlook next month.
HONG KONG (Reuters) – Hong Kong leader Carrie Lam promised to focus on housing and jobs to try to end three months of sometimes violent unrest, as pro-democracy demonstrators headed for the hills on Friday for a series of lantern-carrying Mid-Autumn Festival human chains.
HELSINKI (Reuters) – The Eurogroup of euro zone finance ministers launched on Friday the process to replace Benoit Coeure on the board of the European Central Bank when his mandate ends in December, the group’s chair Mario Centeno said on Friday. Euro zone finance ministers will pick a candidate in […]
As the experience of banks in Japan and Europe has illustrated, the process follows a predictable pattern.
BALTIMORE (Reuters) – The Trump administration plans to unveil a tax cut plan in mid-2020, a top White House adviser said on Friday, saying it would be targeted to giving significant relief to the middle class.