Latest news with #UStradepolicy
Reuters
03-07-2025
- Business
- Reuters
UK firms trim year-ahead wage growth expectations, BoE survey shows
LONDON, July 3 (Reuters) - British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday. Firms expected wage growth of 3.6%, down 0.1 percentage points on a three-month moving-average basis, according to the survey. It added that in June, 29% of British businesses expected sales to be lower in the year ahead due to U.S. trade policy changes, while 24% of firms expected that their capital expenditures would be lower.
Reuters
13-05-2025
- Business
- Reuters
BOJ policymaker called for keeping rate-hike stance, May meeting summary shows
TOKYO, May 13 (Reuters) - The Bank of Japan should not turn overly pessimistic about the economic outlook and stand ready to raise interest rates further depending on shifts in U.S. trade policy, one of its board members was quoted as saying at a April 30-May 1 policy meeting. "The BOJ will enter a temporary pause in rate hikes due to slowing U.S. growth. But it shouldn't be too pessimistic, and must conduct monetary policy in a nimble and flexible manner such as by resuming rate hikes in response to changes in U.S. policy," the member said, according to a summary of opinions released on Tuesday. Another opinion said the BOJ's policy path "may change at any time" because the outlook for Japan's economy and prices could quickly turn positive or negative depending on developments surrounding U.S. tariffs. "There's no change to the BOJ's rate-hike stance as our projection shows inflation achieving our 2% target and real interest rates are deeply negative," a third opinion showed. At the April 30-May 1 meeting, the BOJ kept interest rates steady at 0.5% and sharply cut its growth forecasts, suggesting uncertainty surrounding U.S. tariffs and the hit to exports could keep policy in a holding pattern for some time.
CNA
13-05-2025
- Business
- CNA
BOJ policymaker called for keeping rate-hike stance, May meeting summary shows
TOKYO :The Bank of Japan should not turn overly pessimistic about the economic outlook and stand ready to raise interest rates further depending on shifts in U.S. trade policy, one of its board members was quoted as saying at a April 30-May 1 policy meeting. "The BOJ will enter a temporary pause in rate hikes due to slowing U.S. growth. But it shouldn't be too pessimistic, and must conduct monetary policy in a nimble and flexible manner such as by resuming rate hikes in response to changes in U.S. policy," the member said, according to a summary of opinions released on Tuesday. Another opinion said the BOJ's policy path "may change at any time" because the outlook for Japan's economy and prices could quickly turn positive or negative depending on developments surrounding U.S. tariffs. "There's no change to the BOJ's rate-hike stance as our projection shows inflation achieving our 2 per cent target and real interest rates are deeply negative," a third opinion showed. At the April 30-May 1 meeting, the BOJ kept interest rates steady at 0.5 per cent and sharply cut its growth forecasts, suggesting uncertainty surrounding U.S. tariffs and the hit to exports could keep policy in a holding pattern for some time.
