Latest news with #moneyMarkets
Bloomberg
02-06-2025
- Business
- Bloomberg
Romania Injects More Funds to Banks as Market Shortage Narrows
Romania's central bank injected liquidity into domestic banks for a second week as it sought to further calm money markets after increased volatility during recent political turmoil. The Black Sea nation's assets are recovering from a May selloff triggered by concerns that a far-right opposition candidate could win a presidential election. While the eventual run-off victory of a centrist contender fueled a relief rally, interbank interest rates remained under pressure as the country still needs to form a new government and tackle the European Union's widest budget deficit.
Bloomberg
21-05-2025
- Business
- Bloomberg
Traders Pare Bets on BOE Cuts, Pound Climbs After UK Inflation
Traders pared bets on further interest-rate cuts from the Bank of England, sending the pound to a three-year high versus the dollar, after data showed UK inflation rose more than expected in April. Money markets favor a terminal interest rate of 4% for the first time since early April, which means just one more quarter-point cut this year instead of two. Swaps also imply just a 40% chance of a reduction in August, from 60% before the data.
Bloomberg
09-05-2025
- Business
- Bloomberg
Hong Kong Property May Bottom as Borrowing Costs Drop, Jefferies Says
Declining interest rates in Hong Kong are increasing the chances the residential property market bottoms out, according to Jefferies. The one-month Hong Kong Interbank Offered Rate has plunged 205 basis points in the past four days, potentially bringing relief for a market hammered by high interest rates and slumping prices. Money markets are flushed after the monetary authority sold HK$129.4 billion ($16.6 billion) of local currency to stop it from strengthening past its pegged range.
