Page 41 - Frx News Today

The Bank of England needs to focus on tightening monetary policy sufficiently to control inflation, and ensuring that no "inflationary mentality" develops, Bank of England Deputy Governor Dave Ramsden said in an interview published on Friday.

A look at the day ahead in Asian markets from Jamie McGeever.

The U.S. dollar held gains on Thursday after strong U.S. banking results firmed up expectations that the Federal Reserve will keep monetary policy tight for a while longer, and New Zealand's dollar slumped after cooler than expected inflation data.

The South African rand was steady in early trade on Thursday, as caution reigned on global financial markets before a barrage of central bank meetings in the coming weeks.

A recovery in Chinese consumer demand needs time to pick up due to the "scarring effect" of COVID-19, but there is no basis for any long-term deflation, an official from the People's Bank of China (PBOC) said on Thursday.

A look at the day ahead in U.S. and global markets from Mike Dolan

Market jitters over the United States debt ceiling lifted the cost of insuring exposure to its debt to the highest level in over a decade on Thursday, while JPMorgan warned of a "non-trivial risk" of a technical default on U.S. Treasuries.

A look at the day ahead in Asian markets from Jamie McGeever.

The South African rand gained on Thursday as the dollar slipped after U.S. weekly jobless claims data fuelled hopes the U.S. Federal Reserve could slow interest rate hikes.

A look at the day ahead in markets from Tom Westbrook.