Bank of England warns Greek debt crisis could delay interest rate rise

Bank of England policymakers are concerned that backsliding in talks to resolve the Greek debt crisis could delay Britain’s first interest rate rise in eight years, but admitted that the prospect of a hike is increasing as the UK economy strengthens.

Interest rates rise could derail recovery, Bank of England economist warns

Raising interest rates too soon from their record low to head off inflation could be a self-defeating move that tips the UK back into recession, Bank of England chief economist Andy Haldane is to warn.

BOJ keeps upbeat view of economy, maintains asset purchases

TOKYO, June 19 (Reuters) - The Bank of Japan kept monetary policy steady and maintained its upbeat assessment of the economy on Friday, signalling its conviction that inflation will hit its 2 percent target without additional monetary stimulus.

Euro zone inflation beats expectations in May

Inflation in the euro zone was higher than expected in May, data on Tuesday showed, in a sign that price pressures are returning to a recovering economy.

Japan ruling party executive says more BOJ easing not needed for now

TOKYO (Reuters) - The Bank of Japan does not need to ease monetary policy further for the time being since a delay in hitting its inflation target is mostly due to slumping oil prices, the policy chief of Japan's ruling Liberal Democratic Party said on Friday.

Japan Stands Pat on Stimulus Program

TOKYO — The Bank of Japan stuck with its monetary stimulus program on Wednesday, brushing off a lack of inflation two years after it vowed to pull the economy out of more than a decade of falling prices.

China's challenge is to learn to live with 7% growth rate: World Bank

WASHINGTON: Accustomed to a sustained high growth rate for over 30 years, a major challenge faced by China is to learn to live with a growth rate of around 7 per cent, the World Bank has said on the world's second largest economy.

German Opposition at ECB Hardens as Lautenschlaeger Rebuffs QE

Germany’s board member at the European Central Bank said quantitative easing isn’t the right choice for the euro area at present, hardening a split among policy makers on how to respond to slowing inflation.

Philippines economy slows sharply in third quarter

Growth in the Philippine economy slowed sharply in the third quarter due to weaker growth in all sectors, the government said.

Czech Consumer Confidence Positive First Time in 7 Years

Czech consumer confidence turned positive for the first time in more than seven years, adding to signs that the central bank’s yearlong effort to keep the koruna weak spurred household demand by helping avert deflation.

Dollar Rises as Oil Rebounds, Stocks Fluctuate Amid Data

The dollar strengthened to a seven-year high against the yen while oil rebounded from the lowest levels since 2010. U.S. stocks ended little changed while Treasuries rose.

IMF, U.S. encourage ECB, Japan monetary stimulus

(Reuters) - The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to cultivate growth in their countries.

ECB ready to do more if needed, signs up to Draghi's target

(Reuters) - European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank's staff will prepare the groundwork, President Mario Draghi said on Thursday.

Kuroda Sets No Limits in BOJ Campaign to Spur Inflation

Bank of Japan chief Haruhiko Kuroda highlighted his determination to stoke inflation in the world’s third-biggest economy, saying there’s no limit to measures he could take to reach its price target.

Interest rates can stay low for longer, says Bank of England deputy chief

The Bank of England can afford to keep interest rates low for longer than previously thought, deputy governor Jon Cunliffe has said, in comments that will reinforce the market view that rates will remain at 0.5% until at least the middle of next year.

South Korea's president warns of long-term economic stagnation risk

(Reuters) - South Korean President Park Geun-hye warned the economy is at risk of falling into long-term stagnation and urged for speedier handling of economic law bills in parliament.

ECB starts buying covered bonds in fight to revive euro zone economy

(Reuters) - The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, opening a new front in its battle to revive the euro zone economy and keep deflation at bay.

European stock markets recover after another day of tumbles

Leading shares in London clawed back most of their early losses at the close after another day of market turmoil caused by renewed concerns about the eurozone economy and fears about the prospects for global growth.

Rand strengthens on S Africa central bank appointment

South Africa's president, Jacob Zuma, has named the former Treasury boss, Lesetja Kganyago, as the new governor of the country's central bank.

India regains 'stable' outlook from S&P on Modi reform agenda

(Reuters) - India regained its "stable" rating from Standard and Poor's on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi's ambitious agenda of economic and fiscal reforms.