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Central Banks

Bank of England Deputy Governor Backs Gradual Interest Rate Cuts

In a speech at the University of Edinburgh, Bank of England Deputy Governor Sarah Breeden signaled support for gradual interest rate cuts, Reuters reports. While she acknowledged the need for easing monetary policy, she also emphasized the uncertainty surrounding the appropriate pace of rate reductions. "The recent evidence further

BOJ Governor Ueda: Rate Hike Still on Table

Bank of Japan (BOJ) Governor Kazuo Ueda has reiterated the central bank's willingness to raise interest rates if the economy continues to improve, Bloomberg reports. This comes as market watchers closely scrutinize the BOJ's next steps, seeking clues on the timing of its next rate hike.

Fed Governor Cautious Despite Recent Inflation "Bump"

Federal Reserve Governor Adriana Kugler expressed cautious optimism about the US economy while acknowledging recent inflationary pressures in an interview on Friday, Bloomberg reports. While acknowledging that the economy is in a good place overall, Kugler stressed the need for further observation to ensure inflation is truly on a downward

China's Central Bank Embarks on Historic Monetary Policy Overhaul

China's central bank is planning a major shift in its monetary policy, moving towards a more internationally aligned system based on interest rates, the Financial Times reports. This move aims to bring China's monetary policy closer to the practices of central banks like the US Federal

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