Central banking
A global bond sell-off is deepening as investors pare Fed rate cut expectations
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 […]
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BOJ deputy governor flags chance of rate hike next week
Shoppers in Tokyo, Japan, on Saturday, Sept. 16, 2022. James Whitlow Delano | Bloomberg | Getty Images The Bank of Japan will debate whether to raise interest rates next week, as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in President-elect Donald Trump’s inaugural address, Deputy Governor Ryozo Himino said. […]
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India’s inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024. Nurphoto | Nurphoto | Getty Images India’s 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 a […]
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Why China’s central bank has stopped bond purchases
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts said. China’s 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest […]
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China central bank suspends treasury bond buying citing short supply
A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters China’s central bank said on Friday it has decided to suspend treasury bond purchases temporarily due to short supply of the bonds. The People’s Bank of China said it would resume bond buying depending on supply and demand in the government bond market. Source
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CNBC Daily Open: Fed’s inflation worries didn’t bother markets
Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything […]
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Asia’s central banks face a formidable challenge: An ascendant U.S. dollar
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images Central banks in Asia face a catch-22 in 2025. A relentless rise in the U.S. dollar has […]
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Australia November retail sales rise by most in 10 months on Black Friday boost
Pedestrians pass shops in the Queen Victoria Building in Sydney, Australia, on Friday, July 26, 2024. Lisa Maree Williams | Bloomberg | Getty Images Australian retail sales saw the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but even so they missed forecasts suggesting consumer demand remains subdued. Analysts also suspect the extra demand was just brought forward from […]
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Fed officials are worried about the inflation impacts from Trump’s policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions […]
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Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos, BOK official suggests
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images Risks posed by South Korea’s political turmoil to its economy could subside within half a year, but external pressures owed to possible tariffs on the country’s exports to the U.S. are “troublesome,” a key Bank of Korea […]
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