Interest Rates / Policy

China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

Published 21/10/2019

SHANGHAI (Reuters) - China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for [more…]

Dutch central bank: banks must hold 3 billion euros extra capital for mortgages

Dutch central bank: banks must hold 3 billion euros extra capital for mortgages

Published 15/10/2019

AMSTERDAM (Reuters) - The Dutch central bank said on Tuesday it would require banks to retain 3 billion euros ($3.31 billion) in additional capital to [more…]

Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline

Published 12/10/2019

NEW YORK (Reuters) - The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling [more…]

Brexit extension, election still most likely, says UBS

Brexit extension, election still most likely, says UBS

Published 11/10/2019

LONDON (Reuters) - UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting [more…]

Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes

Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes

Published 10/10/2019

(Reuters) - Wells Fargo & Co (WFC.N) is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it [more…]

Yields rise on heavy supply at auction and trade hopes

Yields rise on heavy supply at auction and trade hopes

Published 09/10/2019

NEW YORK (Reuters) - U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China [more…]

Norway to spend less wealth fund cash amid strong growth: government

Norway to spend less wealth fund cash amid strong growth: government

Published 07/10/2019

OSLO (Reuters) - Norway plans to spend less money next year from its $1.1 trillion sovereign wealth fund, the world’s largest, as economic growth remains [more…]

Low inflation? Nothing to worry about, Fed’s George says

Low inflation? Nothing to worry about, Fed’s George says

Published 07/10/2019

DENVER (Reuters) - Kansas City Federal Reserve Bank President Esther George on Sunday rejected the notion that the U.S. central bank should cut interest rates [more…]

Brexit: Deutsche Bank still sees 50% chance of no-deal by year-end

Brexit: Deutsche Bank still sees 50% chance of no-deal by year-end

Published 02/10/2019

LONDON (Reuters) - Deutsche Bank said on Wednesday it still sees a 50% chance that Britain will leave the European Union without a deal by [more…]