By Reuters Staff
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FILE PHOTO: Bank of Greece Governor Yannis Stournaras attends the annual meeting of the bank s shareholders in Athens, Greece April 1, 2019. REUTERS/Costas Baltas/File Photo
ATHENS (Reuters) - Europe is not facing the kind of inflation concerns seen in the United States and the current mix of monetary and fiscal policy is appropriate, European Central Bank Governing Council member Yannis Stournaras said on Thursday.
“I think both fiscal and monetary policy are the right mix,” Stournaras told the Delphi Economic Forum in Athens.
He said that despite signs that financial markets were predicting inflation, in Europe models showed that “we have not yet to worry about inflation or not to worry as perhaps in the United States.”
By Reuters Staff
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OSLO, May 6 (Reuters) - Norway’s central bank kept its key policy interest rate on hold at a record-low 0.0% on Thursday, as expected, and said it remained on track for a hike later this year.
Norges Bank has said it plans to raise rates in the third or fourth quarter of 2021, likely making it the first among G10 central banks to increase the cost of borrowing after the outbreak of the COVID-19 pandemic. (Reporting by Terje Solsvik and Victoria Klesty; editing by Gwladys Fouche)
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BENGALURU (Reuters) - The Federal Reserve’s preferred inflation gauge would have to hit a high of 2.8% to discomfort U.S. policymakers, according to a Reuters poll which also suggested the central bank would tolerate that rate for three months at least before it acts.
FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela/File Photo
Stocks slumped and Treasury yields jumped on Wednesday after data showed annual U.S. consumer prices unexpectedly rose by the most in nearly 12 years in April, prompting earlier policy tightening bets.
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SYDNEY, May 14 (Reuters) - The Australian and New Zealand dollars were nursing steep losses for the week on Friday as failures to sustain breaks to upside risked a purge of long positions by disappointed bulls.
The Aussie fell back to $0.7722, a major come-down after breaking to a 10-week high of $0.7891 at the start of the week. The weekly loss of 1.5% was also the largest since late February and risks cracking support at $0.7675, which could unleash a retreat to $0.7585.
The kiwi dollar faded to $0.7175 and away from its recent top at $0.7304. Support lies around $0.7115/20 and a break could see a retracement to $0.7000.