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Central Bank

Argentina Central Bank Depletes Reserves Amidst Importer Dollar Demand Surge

Argentina's central bank sold approximately $803 million in foreign reserves this week to meet a surge in demand from importers seeking US dollars, as reported by Bloomberg. This comes after President Javier Milei's administration eliminated a key tax on imports earlier in the week, prompting a

BOJ Faces $12 Billion Loss Risk in Aggressive Rate Hike Scenario

The Bank of Japan (BOJ) could face a substantial financial hit, potentially exceeding ¥2 trillion ($12.7 billion), if it aggressively raises interest rates to 2%, according to a new report published by the central bank itself. This information, as reported by Nikkei Asia, comes from the central bank'

Turkey Cuts Key Interest Rate for First Time in Nearly Two Years

Turkey's central bank has cut its key interest rate by 2.5 percentage points to 47.5%, marking the first rate reduction in nearly two years, as reported by Nikkei Asia. The move comes as the bank attempts to tackle persistently high inflation. The bank's Monetary

BOJ Rate Hike Debate Intensifies: Some Members Eye Near-Term Move

The Bank of Japan's December meeting revealed a division of opinion concerning the timing of a potential interest rate hike, as reported by Reuters, citing minutes released by the bank. Some members suggested a near-term move is warranted, even as the BOJ ultimately held steady at 0.25%

China Holds Interest Rates Steady, Drains Record Liquidity Amidst US Trade Uncertainty

China's central bank, the People's Bank of China (PBOC), has refrained from cutting interest rates and drained a record amount of cash from the financial system, signaling a cautious approach as the country navigates rising trade tensions with the US. The PBOC maintained the interest rate

BOJ's Ueda Sees Japan Nearing Sustainable 2% Inflation in 2025

The Bank of Japan (BOJ) Governor Kazuo Ueda believes the Japanese economy will make significant strides toward the central bank's 2% inflation target in 2025. He made these remarks on Wednesday to the business lobby Keidanren, as reported by Reuters. While this positive outlook suggests an upcoming interest

ECB to Crack Down on Banks Ignoring Supervisory Demands

The European Central Bank (ECB) is preparing to take a tougher stance against banks that are slow to address its supervisory findings, reports Bloomberg. The central bank, which oversees the eurozone's top financial institutions, has issued thousands of supervisory measures since assuming its oversight role in 2014. However,

ECB President Signals End to Inflation Surge, But Cautions on Services and Wages

European Central Bank (ECB) President Christine Lagarde has indicated that the Eurozone is nearing the point where it can declare victory over the recent surge in inflation, but cautioned that vigilance is still needed, particularly regarding services and wage growth. In an interview with the Financial Times’ Martin Wolf on

BOJ Minutes Highlight Cautious Approach to Rate Hikes Amidst US Uncertainty

The Bank of Japan (BOJ) board agreed in October to continue raising interest rates if the economy performs as expected, but some members expressed caution due to uncertainty surrounding US economic policy, according to minutes released by the central bank on Tuesday, as reported by Reuters. The BOJ's

Japan's Bond Market Brace for Decade-High Supply as BOJ Tapers Purchases

Get ready for a flood of Japanese government bonds. Investors are facing a perfect storm of rising interest rates and a massive increase in bond supply as the Bank of Japan (BOJ) scales back its bond purchases, reports Bloomberg. The Ministry of Finance typically releases its debt issuance plans in