Erdogan Appoints New Central Bank Governor, Signaling Potential End to Unconventional Policies
Turkish President Recep Tayyip Erdogan named Hafize Gaye Erkan, a former co-chief…
Chinese Big Banks Reduce Deposit Rates, Signaling Potential Monetary Easing Measures
China’s largest banks cut interest rates for savers on Thursday in…
India Poised to Outshine China as Asia Emerges as a Global Growth Bright Spot
Economic growth in India is expected to outpace that of China this…
Eurozone Slips into Recession as Economic Contraction Deepens
The eurozone entered into a technical recession at the start of the…
China's Deflationary Threat Spurs Demands for Interest Rate Cuts
China’s inflation remained close to zero in May as the economy’…
Bank of Canada's Beaudry Identifies Indications of a New Era with Elevated Interest Rates
A senior Bank of Canada official cautioned it is likely that longer-term…
IMF Urges Fed and Central Banks to Maintain Tightening Measures in Efforts to Combat Inflation
The International Monetary Fund on Thursday urged the U.S. Federal Reserve…
Bank of Canada Rate Hike Triggers Continued Global Bond Sell-Off
Government bonds continued to sell off in the Pacific region after the…
Australia's Commonwealth Bank to Impose Limited Payment Restrictions on Crypto Exchanges
Commonwealth Bank (CBA) will apply partial restrictions to payments to cryptocurrency exchanges…
Mexico's Annual Inflation Reaches Lowest Level Since August 2021, Surpassing Expectations
Mexico’s annual inflation rate slowed in May for a fourth consecutive…
Australia's Recession Risk Rises as RBA Highlights the Bumpy Path to Achieve Low Inflation
The risk of Australia’s economy slipping into recession has risen sharply,…
Central Banks in Latin America Rejoice at Favorable Inflation News
Inflation slowed more than expected in Mexico and Chile last month, in…