Rolling economic and financial news, as Athens prepares to stump up another €588m in loan repayments to the International Monetary Fund today. 7.57am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Greece is set to make its next repayment to the International Monetary Fund Monday, further depleting cash reserves that risk running out this month unless a deal is reached with European partners.Greece will deposit about 588 million euros ($617 million) with the IMF, as scheduled, according to a Finance Ministry spokesman, who declined to be named in line with policy. As other repayments come due this week, the government said on March 14 it had a plan to “enhance its liquidity” and won’t have problems paying wages or pensions.This meeting will see the Fed update its economic and financial forecasts (summary of economic projections); and will also bring the dot plot analysis. These will be released along with the statement and the key here is whether the updated forecasts will give the Fed room to adjust its language regarding rates lift-off. Hawkish members such as Mr Bullard have suggested the Fed should remove the ‘patient’ reference at the March meeting. Continue reading...
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