Interest Rates
UPDATE 1- Bank of Korea holds key rate steady as expected, eyes Fed
Thu, 19 Oct 2017 01:21 GMT
SEOUL, Oct 19- South Korea's central bank held its key interest rate steady on Thursday, as expected, as it evaluates risks and stays cautious ahead of any further monetary tightening in the United States. Governor Lee Ju- yeol is due to hold a news conference from 11:20 a.m. Seoul time. "The Fed's plans to tighten monetary policy further probably was a factor on...
DIARY-Emerging Markets Economic Events to Dec 19
Thu, 19 Oct 2017 00:02 GMT
THURSDAY, OCTOBER 19 WARSAW- National Bank of Poland release the minutes of its monitory policy meeting. SYDNEY- Reserve Bank of Australia Assistant Governor Michele Bullock will give speech at the Australian Shareholders Association- 0110 GMT. SEOUL- Bank of Korea monetary policy meeting to announce interest rates.
DIARY-Top Economic Events to Dec 29
Thu, 19 Oct 2017 00:01 GMT
STOCKHOLM- Riksbank executive board meeting 0700 GMT. NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester participates in global regulatory structure panel before conference, "The Future of Global Finance: Populism, Technology and Regulation"- 1800 GMT. OTTAWA- Bank of Canada key policy Interest rate announcement and Monetary Policy Report...
It isn't tax reform, earnings are driving this rally: Strategist
Wed, 18 Oct 2017 21:10 GMT
Tony Dwyer, Canaccord Genuity, discusses what's been driving the rally and Treasury Secretary Mnuchin's comments on markets tanking if tax reform doesn't pass.
The greatest bull market of all time is finally earning respect
Wed, 18 Oct 2017 21:00 GMT
The “Fast Money” traders discuss what pushed the market higher as the Dow closed above 23,000.
Credit card rates spurt higher with one at 30 percent
Wed, 18 Oct 2017 17:10 GMT
The average rate is 24.99 percent, compared with 16.15 percent for general-use cards.
UPDATE 2-UK pay lags inflation again, BoE still seen raising rates
Wed, 18 Oct 2017 11:26 GMT
LONDON, Oct 18- British pay growth has lagged behind inflation again, official data showed on Wednesday, adding to questions about how quickly the Bank of England will raise interest rates after an initial hike expected on Nov. 2. The British central bank looks on course to deliver its first increase in borrowing costs in a decade, most economists said after the...
UPDATE 1-UK wage growth weak but likely to keep BoE on track for rate hike
Wed, 18 Oct 2017 09:14 GMT
LONDON, Oct 18- British pay growth has lagged behind inflation again, official data showed on Wednesday, but the figures are likely to cement expectations among investors that the Bank of England will soon raise interest rates for the first time in a decade. Despite a slowdown in Britain's economy this year, the central bank is widely expected to increase rates to...
RPT-UK wage growth edges above forecasts, likely to cement BoE rate hike bets
Wed, 18 Oct 2017 08:40 GMT
LONDON, Oct 18- British pay growth has lagged behind inflation again, official data showed, but the figures are likely to cement expectations among investors that the Bank of England will soon raise interest rates for the first time in a decade. Despite a slowdown in Britain's economy this year, the central bank is widely expected to increase its Bank Rate to 0.50...
Sterling falls ahead of UK labour data
Wed, 18 Oct 2017 07:11 GMT
LONDON, Oct 18- Sterling edged lower ahead of British employment data due on Wednesday that will help determine whether the Bank the England will raise interest rates. The pound slid to a five-day low on Tuesday after comments by Bank of England policymakers were interpreted by markets as dovish, despite new September inflation data being in line with...
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