Economics News Results

  • Sterling edges higher after cbank decision, volatility rises

    * Graphic: World FX rates in 2019 * Graphic: Trade-weighted sterling since Brexit vote By Saikat Chatterjee. The pound edged higher on Thursday after the Bank of England kept policy rates unchanged, as widely expected, with broad dollar weakness lifting the British currency slightly.

  • U.S. existing home sales rise to 17-month high in August

    U.S. home sales unexpectedly rose to a 17-month high in August for a second straight month of gains, the latest sign that lower mortgage rates are encouraging buyers off the sidelines. The National Association of Realtors said on Thursday existing home sales increased 1.3% to a seasonally adjusted annual rate of 5.49 million units last month.

  • South Africa holds key rate in unanimous decision

    South Africa's central bank left its main interest rate on hold at 6.5% on Thursday as expected, saying it would like to see inflation expectations anchored closer to the midpoint of its target range. The decision by the bank's monetary policy committee was unanimous. South Africa has seen benign inflation outcomes this year, but growth has been sluggish.

  • Upbeat data suggest U.S. economy still on moderate growth path

    * Weekly jobless claims rise 2,000 to 208,000. * Mid-Atlantic factory activity slows in September. * Existing home sales increase 1.3% in August. By Lucia Mutikani. The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace.

  • South Africa leaves main lending rate on hold

    South Africa's central bank left its main interest rate on hold at 6.5% on Thursday in a unanimous decision. The majority of economists polled by Reuters had predicted that the South African Reserve Bank would leave the rate on hold. South Africa has seen benign inflation outcomes this year, but growth has been sluggish.

  • HIGHLIGHTS-South African central bank comments on rate decision

    Below are comments from South African Reserve Bank Governor Lesetja Kganyago on Thursday as he announced the central bank's latest decision on its benchmark repo rate. INFLATION. "The medium-term inflation outlook is largely unchanged. "Electricity, food and fuel price inflation continue to shape the near and medium-term trajectory of headline inflation." GROWTH.

  • Brazil's real hits 2-week low, rate futures tumble on dovish cenbank

    Brazil's real fell to a two-week low against the dollar and interest rate futures tumbled to new lows on Thursday, as markets adjusted to the central bank's rate cut and strong signal that it will loosen policy further. The dollar rose as high as 4.1380 reais and rates futures fell sharply across the board.

  • Canadian home prices rise for 4th straight month in August

    Canadian home prices rose for the fourth consecutive month in August, while the annual increase in prices picked up for the first time in nine months, data on Thursday showed. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed that prices rose 0.4% last month from July.

  • Turkish inflation to fall in September due to base effect -cenbank

    Turkish inflation will fall significantly in September due to the high base from the previous year, with leading indicators suggesting the slowdown in annual food inflation will continue, the central bank said on Thursday.

  • Improvement in Turkey's banking sector, lower interest rates likely to boost loan growth -cenbank

    Improvement in liquidity and the capital adequacy ratios of Turkey's banking sector, as well as lower interest rates are likely to boost loan growth, Turkey's central bank said on Thursday. In the minutes of last week's monetary policy committee meeting, it said the outlook for economic activity will depend largely on the pace, scope and sustainability of the normalisation in credit conditions.

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