Tag Archives: pandemic

Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …

France has posted its strongest growth in over 50 years, as the economy recovered from the economic shock of the pandemic. The French GDP expanded by 7% last year, data just released shows; the strongest annual expansion since 1969, as the economy showed resilience in the face of supply chain …

Analysts from Rabobank expect no surprises from the European Central Bank at its February meeting. They expect 2022 to bring a reversal of pandemic policies, but not a broader tightening of policy. Main Quotes: “The ECB has recovered some policy flexibility in December, but this comes at the cost of …

Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …

Federal Reserve officials have been emphasizing rapid progress in the labour market as they prepare to raise interest rates. Jerome Powell, the Federal Reserve chair, is likely to talk about how the strong labour market might interact with inflation this year. Federal Reserve officials are expected to emphasize on Wednesday …

In his post-BoC policy announcement and Monetary Policy Report release press conference on Wednesday, Governor Tiff Macklem said that interest rates will have to go up to counter inflation. Canadians should expect a rising path of interest rates, given the BoC is committed to bringing inflation back to target. Main …

Oil prices fell on Wednesday as investors booked profits ahead of the announcement of a Federal Reserve decision and US Energy Information Administration data on crude stocks. Still, concerns about supply shortages due to geopolitical tensions limited losses. Oil prices hit a seven-year high last week amid fears of tight …

The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point …

Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel by 0946 GMT, after falling 1.8 percent in the previous …

Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose 60 cents, or 0.7 percent, to $86.87 a barrel, after falling 1.8 percent in the previous session. US …