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Search results: “monetary policy”

3 stories found

monetary policyDEVELOPING

Central banks weigh rate rises as energy costs climb — ECB raised rate to 2.5%

The European Central Bank raised its policy rate to 2.5% this week. Rising oil and gas prices linked to the US–Iran war have pushed inflation concerns back to the fore as the US Federal Reserve and the Bank of England prepare rate decisions next week.

  • ECB raised its policy rate to 2.5% this week.
  • Brent crude about $105 a barrel amid restrictions through the Strait of Hormuz.
1 sources93% confidence
BBC Business
Inflation and monetary policyDEVELOPING

US consumer inflation held at 3.4% in August as energy costs rose after Iran tensions

Annual US inflation was 3.4% in August, unchanged from July. Energy-price increases after the U.S.–Iran ceasefire ended pushed gasoline and diesel higher while core inflation rose to 2.4% year-over-year, according to the US Bureau of Labor Statistics.

  • Annual US inflation was 3.4% in August, unchanged from July.
  • Gasoline rose 27.4% year-over-year and accounted for over one-third of the monthly increase.
1 sources91% confidence
The Guardian Business
Bond marketsDEVELOPING

Global bond sell-off resumes as oil tops $107 a barrel and yields spike

Investors resumed dumping government bonds after oil rose above $107 a barrel amid concerns over advances by Houthi rebels along the Red Sea. Yields jumped: 10-year UK gilts topped 5.37% and 10-year US Treasuries reached 4.92%.

  • Brent rose above $107 a barrel after reports of Houthi advances along the Red Sea.
  • 10‑year UK gilts topped 5.37%, the highest since 2007.
1 sources91% confidence
The Guardian Business