In an unexpected move, China holds back on cutting key rate
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China's worst Covid…
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Central banking
Australia’s interest rate decision May 2022
Australia's consumer price index jumped 2.1% for the first quarter in 2022, with prices of food, petrol and other consumer goods all surging.Ian Waldie | Bloomberg | Getty ImagesAustralia…
Global government debt set to soar to record $71 trillion this year: Research
People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022.Sarah…
BOJ will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister
The Bank of Japan will be "alarmed" if the yen weakens beyond 130 per dollar, according to Japan's former vice minister of finance for international affairs, Eisuke Sakakibara.The yen was…
Markets will get plenty of notice before Fed cuts back on bond purchses, minutes show
The Federal Reserve will do what it can to prevent a "taper tantrum" when it finally decides to scale back on its bond purchases, minutes from the central bank's most recent meeting…