On Thursday, Masayoshi Amamiya, the deputy governor of the Bank of Japan, said that they should always be thinking about keeping their monetary policy ultra-loose, even if they have to lift it up in some time. Monetary policy The deputy governor asserted that since the Japanese economy has not yet recovered from the pandemic and … Read more
On Tuesday, the International Monetary Fund (IMF) cut its forecast for global growth and warned that risks of downside from the Russia-Ukraine war and high inflation were finally materializing. It also warned that if these issues were left unchecked, they could drive the global economy to the brink of a recession. Economic outlook darkens Updating … Read more
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 and quell the rise in inflation. Next move The Indonesian central bank remains the last … Read more
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 its intention of staying an outlier in a series of policy tightening by central banks … Read more
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 country that has hit highs in six years. Moreover, the central bank also issued a … Read more
Andrew Bailey, the Governor of the Bank of England (BoE), stated that the central bank was aiming to bring down its British government bond holdings. He said that they plan on reducing it from 100 billion pounds to 50 billion pounds in a year’s time and it intends to use a combination of gilt redemptions … Read more
US bank executives were optimistic about loan growth, as there was a rebound in borrowing demand from business and retail customers. However, they also warned that there could be a weakness in demand later in the year if consumer confidence suffers because of the worsening outlook of the economy. Loan growth One of the primary … Read more
On Friday, the Chilean peso finally got a boost, after falling to a record low, thanks to the action of the country’s central bank. Chile’s central bank announced that they were making an intervention in the foreign exchange market worth $25 billion. Peso’s troubles On Thursday night, the central bank released a statement that said … Read more
The biggest banks on Wall Street were very cautious about economic headwinds in the future and they also opted to reduce risks in some areas, while they assess the possibility and severity of an economic recession. In fact, Jamie Dimon of JPMorgan said that the current environment was quite similar to a ‘storm’. Tough times … Read more
On Thursday, in a surprise move, the Philippine central bank hiked its interest rate by 75 basis points. As a matter of fact, the central bank also stated that it would keep the door open for further hikes as well, as it needs to support a declining peso and also get some control over the … Read more