The Monetary Authority of Singapore building in Singapore. Wei Leng Tay | Bloomberg | Getty Images Singapore on Friday loosened its monetary policy for the first time since 2020, citing a faster than expected decline in inflation and warning about a growth slowdown. The Monetary Authority of Singapore said it would slightly reduce the slope … Read more
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank Thursday held its benchmark policy rate at 3% in a surprise move, opting to assess changes in domestic and external economic conditions after having delivered two back-to-back cuts in its previous meetings. Economists … Read more
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024. Nurphoto | Nurphoto | Getty Images India’s annual inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast … Read more
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty Images Annual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday. The preliminary reading was in line … Read more
The Bank of England pictured in December 2024. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high. Analysts had widely expected a rate hold at the … Read more
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Thursday, Oct. 31, 2024. The Bank of Japan kept its benchmark interest rate unchanged while sticking to its view that it’s on track to achieve its inflation target, an outlook that points to the possibility of another rate hike in the coming months. Getty Images … Read more