THE Bank of England should be able to lower interest rates gradually as it gains confidence that inflation will remain close to its 2 per cent target, governor Andrew Bailey said in an interview published on Tuesday (Sep 24).
THE Bank of Japan (BOJ) can afford to spend time scrutinising market and overseas economic developments in setting monetary policy, governor Kazuo Ueda said on Tuesday (Sep 24), suggesting that the central bank was in no rush to raise interest rates further.
AUSTRALIA’S central bank held its key interest rate at a 12-year high on Tuesday (Sep 24) as it tries to subdue stubborn price pressures that are preventing it from joining a global easing cycle.
AUSTRALIA’S central bank held its key interest rate at a 12-year high on Tuesday (Sep 24) as it tries to subdue stubborn price pressures that are preventing it from joining a global easing cycle.
CHINA is planning to recapitalise its biggest commercial lenders for the first time in more than a decade, seeking to strengthen the industry battling with record low margins, sinking profits and rising bad debt.
CHINA’S benchmark bond yield fell to 2 per cent for the first time on record, as the central bank announced a package of monetary policy easing measures to support growth.
CHINA’S central bank unleashed a blitz of policy support for the economy, as policymakers make their broadest push so far to hit this year’s annual growth target of about 5 per cent.
THE US Justice Department plans to allege that Visa illegally monopolised the US debit card market, according to people familiar with the matter.
THE European Commission said on Monday it has conducted unannounced inspections at financial services companies in two member states over possible breaches of antitrust regulations.
A BANK operating in Japan’s least populated area is doing something that may have global repercussions if its peers do the same: the lender is planning to return to the nation’s bonds in a big way as interest rates rise.
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