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May 28, 2015

First British rate rise to come in first-quarter as economists stick to their guns: poll

LONDON (Reuters) – The Bank of England will start to lift interest rates early next year, according to the latest Reuters poll, even though the BoE has cautiously backed market expectations for a later move.

Earlier this month the central bank cut its British growth forecasts and guardedly supported bets in financial markets that it would only start to raise interest rates in around a year’s time.

May 28, 2015

First British rate rise to come in Q1 as economists stick to their guns-Reuters poll

LONDON, May 28 (Reuters) – The Bank of England will start to
lift interest rates early next year, according to the latest
Reuters poll, even though the BoE has cautiously backed market
expectations for a later move.

Earlier this month the central bank cut its British growth
forecasts and guardedly supported bets in financial markets that
it would only start to raise interest rates in around a year’s
time.

May 24, 2015

G7 finance ministers to address faltering global growth

LONDON (Reuters) – Finance ministers from the world’s largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

High on their agenda — even if unofficially — will be Greece and how it can stay in the troubled euro zone. Figures due on Friday from the United States that will almost certainly show the world’s biggest economy contracted last quarter are also likely to feature.

May 21, 2015

U.S., euro zone business growth slower, China contracts

LONDON/NEW YORK (Reuters) – U.S. and euro zone business growth slowed in May while China’s factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth.

The U.S. Federal Reserve is seen unlikely to tighten monetary policy in June since the world’s biggest economy barely grew at the start of the year.

May 21, 2015

Weak euro zone, Asia pin hopes on U.S. economy for global bounce

LONDON/SYDNEY (Reuters) – Euro zone business growth was weaker than expected this month and factory activity in Asia’s top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth.

An absence of inflation pressures suggested Asian authorities could inject more stimulus if needed, while growth in the troubled currency union weakened just two months after the European Central Bank launched a 1-trillion-euro stimulus programme.

May 21, 2015

Euro zone growth stumbles but firms more optimistic: PMI

LONDON, May 21 (Reuters) – Euro zone business growth was weaker than expected this month but firms increased staffing levels at the fastest rate in four years, suggesting they were becoming increasingly optimistic, a survey showed on Thursday.

Any signs of growth, alongside the survey showing firms barely cut prices after reducing them for over three years, will cheer European Central Bank policymakers coming just two months after they launched a trillion-euro stimulus program.

May 20, 2015

First Bank of England rate hike still seen Q1 2016 – Reuters poll

LONDON (Reuters) – The Bank of England will begin tightening policy early next year according to economists in a Reuters poll who are still largely clinging on to expectations for a first quarter hike from record low interest rates.

That prediction comes just a week after the central bank cut its forecasts for economic growth over the next three years. This backed bets in financial markets it will only start to raise interest rates in around a year’s time.

May 6, 2015

Euro zone business activity starts second-quarter on solid footing

LONDON, May 6 (Reuters) – Euro zone businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more, a survey showed on Wednesday.

Any sign that the bloc’s recovery is gaining traction will be welcomed by the European Central Bank, which embarked on a trillion-euro bond buying stimulus program in March, although the survey did show firms were still cutting prices.

May 6, 2015

Little risk to sterling whatever the UK election outcome is – Reuters poll

LONDON (Reuters) – There is only a small risk to sterling from any political uncertainty following Britain’s national election on May 7, according to over a half of the foreign exchange strategists questioned by Reuters in the past week.

Sterling forecasts were left relatively unchanged. Similarly, economists still say they expect the Bank of England to hold off on raising interest rates from their record low until early next year as it waits for inflation to pick up.

May 4, 2015

Euro zone factory growth eases in April but prices rise

LONDON (Reuters) – Euro zone manufacturing growth eased in April but factories raised prices for the first time in

eight months, according to a survey that also showed headcount rose at the fastest pace in nearly four years.