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Financial & Business News

  • Business
    Bloomberg

    Mexico’s Economy Rebounded in First Quarter on US Demand

    (Bloomberg) -- Mexico’s economic growth was in line with expectations for the first three months of 2022, a positive sign for a country that narrowly avoided falling into recession late last year.Most Read from BloombergPlot to Kill George W. Bush in Revenge for Iraq War Was Foiled, FBI SaysBiden Demands US ‘Stand Up’ to Gun Makers After Texas Attack Leaves 19 Children DeadTexas Shooter Kills Elementary School ChildrenStocks Finish Off Session Lows While Bonds Climb: Markets WrapGross domestic p

  • Business
    Reuters

    UPDATE 1-Rouble falls from 4-yr high vs dollar as rate cut looms

    The Russian rouble fell sharply past 60 to the dollar from its strongest level in more than four years in volatile trade on Wednesday and bonds rallied after the central bank announced an extraordinary board meeting. The central bank said it will hold an off-schedule meeting on Thursday to consider the level of its key interest rate, which the market took as a signal that it will cut the rate from 14% as inflationary expectations fall and the firmer rouble holds down price growth. Raiffeisen Bank, CentroCreditBank and the head of the financial committee in Russia's lower house of parliament, Anatoly Aksakov, all said they expected an easing to 12% this week.

  • Business
    Reuters

    UPDATE 1-Ukraine central bank says rate change may be back on agenda

    Ukraine's central bank said on Wednesday that it may consider changing its key interest rate for the first time since the start of the war at a monetary policy meeting on June 2. Ukraine froze its key interest rate at 10% following Russia's invasion on Feb. 24 despite the fact that inflation surged to 16.4% in April, citing the high level of uncertainty and limited effect of monetary transmission in wartime. "The financial system and the economy are gradually returning to market principles," the central bank said in an emailed response to a query on whether a rate hike was likely.

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