Sign in Subscribe

Bank of Russia Holds Key Rate Steady Despite Rising Inflation

The Bank of Russia surprised economists by keeping its key interest rate at a record high of 21%, defying expectations of another significant hike to combat persistent inflation, reports Bloomberg. The central bank's decision, announced Friday, comes despite inflation accelerating to 8.9% in November, more than double

Malaysia Aims for Lower Inflation in 2025 as Subsidy Reform Takes Shape

Malaysia expects inflation to moderate towards the lower end of its target range in 2025, driven by a phased rollback of fuel subsidies, according to Economy Minister Rafizi Ramli, as reported by the Wall Street Journal. Ramli outlined a "surgical approach" to removing fuel subsidies, focusing on higher-income

Trump's Return Shapes Global Central Banks' Caution

The potential impact of Donald Trump's return to the White House is already prompting a shift in global economic policymaking, with the US Federal Reserve signaling fewer rate cuts and other leading central banks expressing caution, reports Reuters. While the Fed delivered an expected rate cut on Wednesday,

Singapore's MAS May Hold Off on Easing Despite Low Inflation

Singapore's Monetary Authority of Singapore (MAS) may hold off on easing monetary policy at its January review, despite slowing inflation, as the central bank seeks to assess the impact of incoming U.S. President Donald Trump's policies, analysts told Reuters. This comes as data next week,

Fed Cuts Rates, But Mortgage Costs Climb Higher

Despite the Federal Reserve's efforts to lower interest rates and potentially make homes more affordable, mortgage costs continue to rise, reports the Wall Street Journal. This unexpected outcome is driven by several factors, including rising long-term Treasury yields and stubborn inflation. Average 30-year mortgage rates have climbed to

US Economic Growth Revised Upward to 3.1% in Third Quarter

The US economy grew at a faster pace in the third quarter than previously estimated, fueled by stronger consumer spending and exports, reports Bloomberg. Gross domestic product (GDP) increased at an annualized rate of 3.1% in the July-to-September period, according to the Bureau of Economic Analysis' third estimate

Japan 'Alarmed' by Yen's Slide, Warns of Intervention

The Japanese government is "alarmed" by recent sharp moves in the currency market and stands ready to intervene if speculative activity becomes excessive, top finance officials said on Friday, reports Reuters. This strong statement comes as the yen continues its rapid decline against the dollar. The dollar reached

Russia's Wartime Economy Overheats as Interest Rates Rise

Russia's central bank is expected to raise interest rates beyond their record 21 percent on Friday, as policymakers struggle to tame inflation in what President Vladimir Putin has described as an "overheating" war economy, reports the Financial Times. This move comes as Elvira Nabiullina, the hawkish

Gold Prices Head for Weekly Loss as Fed Rate-Cut Optimism Fades

Gold prices are set to decline for the week as investors reassess the interest rate outlook following the Federal Reserve's latest pronouncements and economic data releases, reports Bloomberg. Bullion traded near $2,590 an ounce on Friday morning, down approximately 2% for the week. While the Fed did

Oil Prices Dip on Demand Concerns and Strong Dollar

Oil prices fell in early Asian trading on Friday, as concerns about future demand growth and a strengthening dollar weighed on the market, reports Reuters. Both Brent crude and West Texas Intermediate futures fell, putting global oil benchmarks on track to end the week down over 2%. The decline was