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monetary policy
Major banks say ‘peak hawkishness’ has passed as oil falls to pre-war levels
The reopening of the Strait of Hormuz and the subsequent collapse in crude oil prices are reshaping the global monetary policy outlook, with major banks arguing that the worst of this year's hawkish repricing is now behind markets.
Yuan hits two-year high as won languishes near crisis-era lows
China's yuan edged higher on Friday, on track for its first weekly gain in three weeks, while South Korea's won remained under pressure near multi-year lows — underscoring a widening divergence across Asian foreign exchange markets that has prompted emergency…
Eurozone services contraction eases as inflation cools at record pace
The eurozone's private sector showed signs of stabilization in June after two months of declining output, as cost pressures eased at the sharpest rate on record outside of pandemic-era lockdowns, according to final survey data released on Friday by S&P…
ECB rejects calls to lower bank capital requirements
The European Central Bank on Thursday rejected industry pressure to reduce bank capital requirements, maintaining that current levels are essential to ensure the stability of the eurozone's financial system. The stance comes as the ECB separately weighs a move to…