Neon advertisements in Osaka’s Dotonbori district in Japan Alexander Spatari | Moment | Getty Images Japan’s central bank on Tuesday finally ended its experiment with negative rates and unconventional easing tools which were aimed at reflating the world’s fourth-largest economy. The Bank of Japan’s decision came just days after Rengo, Japan’s largest federation of trade … Read more
Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease up too quickly. Powell … Read more
Japan flag and Japanese Yen cash banknotes (money, economy, business, finance, inflation, crisis) Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007 and abolished its yield control curve policy, ending the world’s last negative rates regime on early signs of robust wage gains … Read more
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters The Federal Reserve and the European Central Bank look poised to make “major progress” in cutting interest rates this year, according to the central bank of central banks. Agustín Carstens, general manager of the Bank … Read more
A woman takes photos under the Kanzakura cherry trees in full bloom in Ueno Park, Tokyo. Kanzakura cherry trees herald the early arrival of spring in Tokyo. James Matsumoto | Sopa Images | Lightrocket | Getty Images Goldman Sachs now expects the Bank of Japan to raise interest rates for the first time in 17 … Read more
A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was … Read more
The European Central Bank must take its time to get interest rate cuts right, its chief economist, Philip Lane, said Thursday. “A lot of evidence is accumulating, but what’s also fair to say is that the transition from this holding phase, we’ve been on hold since last September since a substantial hiking cycle, we do … Read more
Japan bar chart graph with ups and downs, increasing values, concept of economic recovery and business improving, businesses reopen, politics concept with flag Elif Bayraktar | Istock | Getty Images Speculation is swirling that the Bank of Japan may move to exit the world’s last negative rate policy as early as next week, when policymakers … Read more
Euros, U.S. dollars, Canadian dollars, Russian rubles and Czech korunas lie on a table as banknotes. Picture Alliance | Picture Alliance | Getty Images As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year. While rates in most economies are … Read more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is back Thursday on Capitol Hill, offering to the Senate Banking Committee his second day of congressionally mandated testimony on the state of the economy … Read more
