China’s Ministry of Industry and Information Technology (MIIT) Thursday pledged to strengthen policy support to promote stable growth of the industrial economy as challenges remained amid increasing uncertainties. The regulator will enhance the implementation of policies and measures already in...
https://www.hellenicshippingnews.com/china-to-strengthen-policy-support-for-industrial-economy/
The Biden administration made a carefully orchestrated gamble this week, issuing a series of public and private threats to Beijing that it will face consequences if it supports Russia’s invasion of Ukraine. The strategy was capped by a tense, seven-hour meeting in Rome on Monday between U.S....
China is likely to keep benchmark lending rates unchanged at its monthly fixing on Monday, a Reuters survey found, after the central bank surprised investors by forgoing a cut to medium-term lending rates this week. The poll nevertheless found expectations for cuts growing after Vice Premier Liu He...
Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel said on Thursday. After Russia’s invasion of Ukraine last month, European Union leaders agreed to accelerate the...
Two of the Federal Reserve’s most hawkish policymakers on Friday said the central bank needs to take more aggressive steps to combat inflation, with one saying he would have supported a larger move this week were it not for the war in Ukraine and the other saying the geopolitical risks should not...
U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve’s liftoff on Wednesday, bringing to an end zero-interest-rate policy, or “ZIRP,” that has been mostly in place since the 2008 Great Financial Crisis. Money markets are signaling that...
https://www.hellenicshippingnews.com/to-neutral-and-beyond-u-s-rate-outlook-rises-after-fed-liftoff/
India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its monthly bulletin on Thursday. “The ongoing geopolitical crisis has heightened the uncertainty clouding the global macroeconomic and financial landscape even as the world economy struggles to recover from the pandemic,” …
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Industrial production in the U.S. rose in February driven by higher activity in the manufacturing sector, which recovered from worker absenteeism as the Covid-19 Omicron wave receded over the month. Industrial production–which includes factory, mining and utility output–rose at a seasonally adjusted 0.5% in February compared with the previous month, according to data from the …
The post U.S. Industrial Production Increased in February as Manufacturing Output Rebounded first appeared on Hellenic...
Federal Reserve policymakers on Wednesday signaled much faster interest rates hikes this year than they had expected just a few months ago, getting them to about 1.9% by the end of the year as they try to tamp down soaring inflation. Markets swiftly priced in their agreement, and then some, with...
https://www.hellenicshippingnews.com/fed-signals-fastest-tightening-since-2006-markets-see-more/
Greece’s finance and energy ministers on Thursday laid out measures that will help consumers and business to cope with surging energy costs, as part of a 1.1 billion euro ($1.21 billion) package announced by the prime minister. “We are activating the available fiscal space to provide a protection...