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PLN: Dovish NBP and rate-cut debate – ING
ING’s Frantisek Taborsky reports that NBP Governor Glapinski and council member Litwiniuk signalled inflation near the 2.5% target and room for further easing, with rates potentially falling to 3.50%. Markets, however, price a lower 3.25% terminal rate.
Fxstreet
Wed, Feb 25
Fed's Bostic: Political battles over Fed are undermining public trust
By Howard SchneiderWASHINGTON, Feb 25 (Reuters) - Outgoing Atlanta Federal Reserve President Raphael Bostic said on Wednesday that the political battles around the Fed are undermining public confidence in the central bank's independence, a "major concern" that cuts to the heart of U.S. e...Reuters
Wed, Feb 25
Fed's Musalem: monetary policy is appropriately balancing risks
Feb 25 (Reuters) - St. Louis Federal Reserve President Albert Musalem on Wednesday said he feels the current setting of the U.S. policy rate appropriately balances the current economic risks, even as his baseline outlook calls for inflation to head back down toward 2% later this year and for the lab...Reuters
Wed, Feb 25
Brazil's public debt up 0.07% in January
BRASILIA, Feb 25 (Reuters) - Brazil's public debt edged up in January, as interest costs more than offset the downward pressure from net redemptions during the month, Treasury data showed on Wednesday. The debt stock rose 0.07% from December to 8.641 trillion reais ($1.68 trillion). Net debt red...Reuters
Wed, Feb 25
Fed's Schmid says high inflation still bigger issue facing central bank
By Michael S. DerbyNEW YORK, Feb 25 (Reuters) - Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Wednesday that overly high inflation remains a key problem the central bank needs to address, but he stopped short of saying how monetary policy should respond. “I think we have work ...Reuters
Wed, Feb 25
Germany's Merz hails China ties as he seeks reset with Beijing
Merz emphasises fair cooperation and open communicationMerz says rapidly widening trade deficit 'not healthy'Li advocates for multilateralism, free trade amid US tensionsStrain of Chinese competition sparks German protectionist callsBy Andreas Rinke, Liz Lee and Colleen Howe BEIJING, Feb ...Reuters
Wed, Feb 25
Fed's Schmid says high inflation still bigger issue facing central bank
NEW YORK, Feb 25 (Reuters) - Federal Reserve Bank of Kansas City President Jeffrey Schmid said Wednesday that too high inflation remains a key problem the Fed needs to address.“I think we have work to do on the inflation side of things,” while “I think we're in a pretty good place for employment...Reuters
Wed, Feb 25
TREASURIES-US bonds under pressure as risk appetite rises, supply pressures build
Investors shift from bonds to stocks amid rising risk appetiteHeavy government and corporate bond issuance pressures Treasury pricesYield curve steepens slightly as short-term yields riseBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 25 (Reuters) - U.S. Treasuries slid for a second straight session on...Reuters
Wed, Feb 25
Fed's Schmid says Fed mortgages holdings still lowering yields in sector
NEW YORK, Feb 25 (Reuters) - Federal Reserve Bank of Kansas City President Jeffrey Schmid said the current size of central bank mortgage bond holdings has lowered borrowing costs for that sector.Mortgage rates are “probably 75 to 100 basis points lower today than they would otherwise be” due to the ...Reuters
Wed, Feb 25
IMF board to review $8.1 bln loan for Ukraine on Thursday, sources say
WASHINGTON, Feb 25 (Reuters) - The International Monetary Fund's executive board will review an $8.1 billion lending agreement for Ukraine and vote on its approval on Thursday, two sources familiar with the plans said.The IMF declined to comment on the board meeting, which has not yet been poste...Reuters
Wed, Feb 25
US crude inventories rise the most in 3 years as refinery demand slips, imports increase, EIA says
By Georgina McCartney and Shariq KhanHOUSTON, Feb 25 (Reuters) - U.S. crude inventories rose by the most last week since February 2023, as refinery utilization slowed and imports increased, the Energy Information Administration said on Wednesday.Crude inventories rose by 16 million barrels to 435.8 ...Reuters
Wed, Feb 25
Fed's Barkin: Can't immediately jump to conclusion that AI will displace workers
WASHINGTON, Feb 25 (Reuters) - It's not clear that the rollout of artificial intelligence will necessarily displace large numbers of workers, Richmond Fed president Tom Barkin said on Wednesday, noting that the technology will also allow people to train to do new jobs and tasks."We immediate...Reuters
Wed, Feb 25
ECB approves Vujcic as new vice-president
FRANKFURT, Feb 25 (Reuters) - The European Central Bank on Wednesday approved the appointment of Boris Vujcic as its new Vice-President for an eight-year term starting in June.Vujcic, currently Croatia's central bank governor, was picked by euro zone's finance ministers last month.Reuters
Wed, Feb 25
US primary credit market competition hits record high as bond demand surges, report shows
Feb 25 (Reuters) - U.S. primary credit markets are now the most competitive on record, based on Barclays' analysis of over one million investor records since 2017, driven by high demand for new corporate bonds.The increased demand led to tighter allocations and heavier early-stage trading, as in...Reuters
Wed, Feb 25
Mercedes says personal relations with China important for economic ties
BERLIN, Feb 25 (Reuters) - Personal contacts with China are important for preserving economic ties, Mercedes-Benz MBGn.DE said on Wednesday, as German Chancellor Friedrich Merz visits the country with business leaders.Merz's trip shows that bilateral exchange and cultivating ties are seen as a &...Reuters
Wed, Feb 25
