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ECB looking at indicators to see if December hike needed, Lagarde says

ECB looking at indicators to see if December hike needed, Lagarde says

MILAN, Nov 5 (Reuters) - The European Central Bank is looking at indicators to see if an interest rate hike could be warranted next month, after it held rates steady in November, the bank's outgoing President Christine Lagarde said on Thursday.
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Markets fret over growth and inflation, just as tech rout gains speed

Markets fret over growth and inflation, just as tech rout gains speed

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.
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BoE joins the rate hike club, Australia may be done already

BoE joins the rate hike club, Australia may be done already

By Sophie Kiderlin and Stefano Rebaudo LONDON/MILAN, Nov 5 (Reuters) - Several major central banks have raised interest rates this week, though they appear at very different stages of the tightening cycle, with some just getting started and others potentially nearing the end.
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Markets fret over growth and inflation despite easing oil prices

Markets fret over growth and inflation despite easing oil prices

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.
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Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

By Balazs Koranyi BRUSSELS/FRANKFURT, Nov 6 (Reuters) - Euro zone nations nominated two central banking veterans on Friday to succeed Christine Lagarde at the helm of the European Central Bank, both of them seasoned crisis-fighters.
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Take Five: Tech wreck and roll

Take Five: Tech wreck and roll

Nov 6 (Reuters) - Traders on the world's financial markets go into next week hoping the storm engulfing tech stocks blows itself out and for no new escalation in the Iran war that sends oil prices surging again.
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Analysis-Trader angst pivots from inflation to growth as tech rout deepens

Analysis-Trader angst pivots from inflation to growth as tech rout deepens

By Dhara Ranasinghe and Karin Strohecker LONDON, Nov 6 (Reuters) - The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy
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BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war
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Fed's Hammack, Barkin favor gradual rate-hike path to lower inflation

Fed's Hammack, Barkin favor gradual rate-hike path to lower inflation

By John Revill and Michael S.
AP NewsAP News
Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war
ReutersReuters
US inflation too high; essential to get back to 2%: Fed's Williams

US inflation too high; essential to get back to 2%: Fed's Williams

FRANKFURT, Nov 6 (Reuters) - US economic growth has remained resilient and the labour market is remarkably stable despite successive shocks, but inflation is too high and must be brought back to 2%, New York Federal Reserve President John Williams said on Friday.
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Bank of England raises rates for first time since 2023, warns another move likely

Bank of England raises rates for first time since 2023, warns another move likely

By David Milliken, Andy Bruce and Suban Abdulla LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers