WASHINGTON/NEW YORK (Reuters) – Top Federal Reserve officials said on Friday their decision not to reduce the pace of stimulus was wise given the crippling U.S. government shutdown, while admitting some recent troubles in getting their policy message across.
Fed Board Governor Jerome Powell said the central bank will maintain its ultra-easy monetary policy for quite a while longer, regardless of what decision it takes on when to change the level of its monthly bond buying campaign.
NEW YORK (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday that he does not expect the United States to default on its debt.
“I don’t expect U.S. default,” Kuroda said.
And even should a default happen, he added, it “does not affect our collateral policy.”
NEW YORK (Reuters) – South Africa’s declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to rise, Deputy Finance Minister Nhlanhla Nene told Reuters on Wednesday.
Africa’s biggest economy has seen its growth rates trending down and forecasts for this year are for more of the same, Nene told Reuters on the sidelines of a UBS investment conference in New York.
NEW YORK (Reuters) – Chile has no plans to sell sovereign debt in the international markets this year, Finance Minister Felipe Larrain said on Tuesday, citing little need for the cash and the unfavorable rise in benchmark U.S. Treasury yields.
“We really don’t need the money, and I don’t think we can do better than what we got in 2012,” he said.
NEW YORK, Oct 7 (Reuters) – The three main credit rating
agencies have all warned, in varying degrees, the United States
rating could be cut should it hit an expected Oct. 17 deadline
when Washington is set to run out of cash, endangering its
ability to pay its debt.
As in 2011 when Democrats and Republicans in the U.S.
Congress could not agree on a budget and spending measures, the
full faith and credit of the United States is being put into
question, and global markets are coming under pressure.