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.
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.
The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods.
His successor Christine Lagarde will inherit the presidency on Nov. 1 unsure how much more the institution can do to revive growth and inflation. Not only did Draghi’s plan to resume bond purchases and cut interest rates further below zero face unprecedented opposition in the Governing Council, but investors and economists aren’t sure it’ll work.
PARIS (Reuters) – France will cut its public sector deficit by slightly less than planned next year despite billions of euros in windfall savings from record low borrowing costs, Finance Ministry sources said on Friday.
Investing.com – The Chinese government is encouraging companies to buy U.S. agricultural goods, including soybeans and pork, according to a tweet from Hu Xijin, editor-in-chief of the Global Times.