Asian central banks had managed to buck the trend of monetary policy tightening globally so far. However, now it appears that central banks in Asia are scrambling to catch up because they have to defend their currencies that are weakening…
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On Thursday, the Bank of Japan conducted its policy meeting in which it issued fresh forecasts for inflation, which showed that it would increase the bank’s target this year. Yet, it made no changes to its ultra-easy policy and signaled…
On Wednesday, official data showed that inflation numbers continue to soar in Canada at their fastest rate. Such a rise in prices was last seen in the country in January 1983, but since the rise was not as sharp as…
On Friday, the central bank in Nepal hiked its benchmark policy rate from 7% to 8.5%. This is the rate it uses for making loans to commercial banks and the hike was aimed at controlling the inflation rate in the…
Alonzo Powell
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