Kuroda signals wider band on YCC among possibilities Allowing yields more flexibility key to March review Findings of review will be package of steps - ex-BOJ official More flexibility could take teeth out of YCC
TOKYO, Jan 22 (Reuters) - The Bank of Japan is dropping hints it will consider allowing long-term interest rates to deviate further from its 0% target, a move that could undermine the purpose of its policy aimed at controlling the shape of the yield curve.
BOJ Governor Haruhiko Kuroda told reporters on Thursday the idea could be among options discussed in March, when the bank will review its tools to make them “sustainable and effective.”
The European Central Bank can price climate risk better than market participants and should make its own environmental analysis when conducting monetary policy, ECB board member Fabio Panetta said on Monday.
Global shares rose to levels just shy of record highs on Monday, as optimism over a $1.9 trillion U.S. stimulus plan outweighed rising COVID-19 cases and delays in vaccine supplies.
By Reuters Staff
(Adds reporter’s name in signoff)
BERLIN, Jan 25 (Reuters) - The German economy, Europe’s largest, will likely reach its pre-pandemic levels in mid-2022, according to a draft document prepared by the economy ministry and seen by Reuters on Monday.
The world economy’s situation, underutilised production capacities and early indicators suggest a further recovery of the German economy, the ministry said in its draft annual economic report.
Germany’s budget deficit is seen at 7% this year when compared to gross domestic product, leading to a debt ratio of 72.5%, the ministry said, as Berlin is spending billions of euros to cushion the economic blow of the pandemic. (Reporting by Christian Kraemer and Andreas Rinke; writing by Thomas Seythal; editing by Riham Alkousaa)
Moldova's parliament voted to repeal legislation on Wednesday that had allowed the finance ministry to issue bonds worth 13.5 billion Moldovan lei ($790 million) to prop up the financial system in 2016 after a massive banking scandal was uncovered.