Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 07, 2019

ECB's New Favorite, RBA on Hold, Nigeria's Challenge: Eco Day

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

Welcome to Tuesday, Europe. Here's the latest news and analysis from Bloomberg Economics to help get your day started:

  • The race to succeed Mario Draghi as European Central Bank president has a new frontrunner -- France's Francois Villeroy de Galhau has overtaken Finland's Erkki Liikanen in Bloomberg's latest survey of economists
  • President Donald Trump's top trade negotiator said the U.S. plans to raise tariffs on Chinese goods on Friday, accusing Beijing of backpedaling on commitments. Tom Orlik explores what the threat means for the trade talks
  • U.S. interest rates are “in the right place” and don't need to be lowered, although weak inflation merits close watching, according to Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas
  • Australian central bank chief Philip Lowe kept his head below the parapet by keeping interest rates unchanged less than two weeks out from an election, saying lower unemployment is needed to drive faster inflation
  • Bank of Canada Governor Stephen Poloz said he's confident the nation's housing sector will return to growth later this year, as markets like Toronto and Vancouver stabilize and the impact of new regulations is absorbed
  • In Nigeria, the next central bank governor will have to balance fighting inflation and propping up the currency against pressure to boost an economy that's expanding slower than emerging-market peers

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Devidutta Tripathy

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search