Economics News Results

  • BOJ revises up next year's growth forecast, holds fire on policy

    The Bank of Japan kept monetary policy steady on Thursday and revised up its economic forecast for next fiscal year, signalling that it has delivered sufficient stimulus for now to cushion the blow from the COVID-19 pandemic.

  • FOREX-Dollar on back foot as Biden optimism bolsters riskier currencies

    The dollar held losses versus most major peers on Thursday as optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven ...

  • Australia Added 50,000 Jobs in December

    SYDNEY--Australia added 50,000 mostly full-time jobs in December and the unemployment rate fell to 6.6%, as the national economy continues to recover from the early impact of the coronavirus pandemic. The jobs gain was in line with consensus expectations, as was the 66.2% participation rate. A total of 35,700 full- time positions were created in December, along with 14,300 part-time roles, the Australian Bureau of Statistics said.

  • Brazil holds interest rates, drops 'forward guidance'

    Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday for a fourth meeting, as expected, but removed its "forward guidance" to keep borrowing costs low for a long time, as inflation expectations have risen toward target.

  • Brazil holds interest rates, removes "forward guidance"

    Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday for a fourth meeting, as expected, but removed its "forward guidance" to keep borrowing costs low for a long time, as inflation expectations have risen toward target over the next two years.

  • Canadian inflation slows in December amid renewed COVID-19 restrictions

    Canada's annual inflation rate slowed to 0.7% in December from 1.0% the previous month amid a new round of COVID-19 lockdowns and declining costs of airplane tickets, clothing and footwear, Statistics Canada said on Wednesday. Headline inflation was below analyst expectations for inflation to remain at November's 1.0% rate.

  • Mexican president says cash bill must respect cenbank autonomy

    Mexican President Andres Manuel Lopez Obrador said on Wednesday that lawmakers should make sure that a central bank bill in Congress, which aims to help people who struggle to exchange dollars, does not affect the autonomy of the Bank of Mexico.

  • Canadian inflation slows in December amid renewed COVID-19 restrictions

    Canada's annual inflation rate slowed to 0.7% in December from 1.0% the previous month amid a new round of COVID-19 lockdowns and declining costs of airplane tickets, clothing and footwear, Statistics Canada said on Wednesday. Headline inflation was below analyst expectations for inflation to remain at November's 1.0% rate.

  • FOREX-Dollar rises as growth worries weigh on euro

    * Euro 0.2% lower to dollar. * Commodity currencies rise. * Sterling stronger on the day. By Saqib Iqbal Ahmed. The dollar edged higher against the euro on Wednesday as the risk of extended lockdowns in Europe to combat the spread of COVID-19 and worries about the pace the rollout of vaccines weighed on the common currency.

  • Bank of Canada says medium term outlook brighter, holds rates steady

    The arrival of a COVID-19 vaccine and stronger foreign demand is brightening the outlook for the Canadian economy in the medium term, the Bank of Canada said on Wednesday, as it held its key overnight interest rate at 0.25%. But the central bank warned the economy would contract in the first quarter of 2021 amid a resurgence of COVID-19 cases and lockdowns, with inflation not expected to return...

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