New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Images Japanese authorities spent 5.53 trillion yen ($36.8 billion) to shore up the yen in July, official … Read more
The Bank of England in the City of London. Mike Kemp | In Pictures | Getty Images LONDON — Inflation in the U.K. may have come in directly on the Bank of England’s 2% target in the last two readings, but that still may not have given the central bank enough confidence to reduce interest … Read more
Aaron P | Bauer-Griffin | GC Images | Getty Images LONDON — Europe’s largest lender HSBC on Wednesday declared a share buyback program of up to $3 billion, as pretax profit for the first half of the year beat expectations on the back of a high-interest rate environment. The bank posted pretax profit in the … Read more
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty Images This week’s Federal Reserve meeting is not much about the present but potentially … Read more
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in June. “Monetary policy is keeping financing conditions restrictive. At the same time, domestic price pressures are still high, services inflation is elevated and headline inflation … Read more
Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank is set to keep interest rates steady this week after cutting in June for the first time since September 2019. The hold … Read more
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation … Read more
Skaman306 | Moment | Getty Images It wasn’t long ago that investors earned practically 0% returns on cash. As the Federal Reserve has kept interest rates high to combat high inflation, you can easily earn 5% annual percentage yields on savings accounts and other low risk vehicles. Some experts are now warning it’s possible to … Read more
French markets will be “upset” if the country’s new government does not adhere to the European Central Bank’s new fiscal rules, Luis de Guindos, the institution’s vice president, said on Tuesday. De Guindos told CNBC’s Annette Weisbach that last month’s French bond market moves had not been a cause for concern that would require an … Read more
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at the Aviva Stadium in Dublin, Ireland, on June 28, 2024. Charles Mcquillan/tas24 | Getty Images Entertainment | Getty Images European Central Bank President Christine Lagarde said Tuesday that Taylor Swift’s Eras Tour is not alone in keeping inflation high across the euro zone. … Read more
