On Wednesday, the central bank of New Zealand delivered its seventh consecutive increase in interest rates. In addition, the monetary authority also signaled that it would continue to maintain a hawkish stance in terms of monetary policy tightening in the…
On Monday, the central bank of China reduced its key lending rates in an unexpected move in order to give demand a boost. This was after economic data showed that there was an unexpected slowdown in the previous month, as…
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…
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…
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…
Alonzo Powell