Central banking
India consumer inflation slows for ninth straight month — hits lowest since 2017
Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation continued to ease in July, dropping for a ninth straight month to 1.55%, below analysts’ estimates, government data showed Tuesday. The headline inflation rate […]
Read More
Australia cuts interest rates to more than 2-year lows, downgrades economic growth forecast
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending rates by 25 basis points on […]
Read More
Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images LONDON — Bank of England Governor Andrew Bailey told CNBC there hasn’t been a “falling out” with the U.K. government over delays to fintech giant Revolut’s long-awaited bank license. Last week, the Financial […]
Read More
Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler
watch now VIDEO1:2701:27 President Trump preparing to nominate CEA Chair Stephen Miran to Fed board Power Lunch President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday. The nominee will serve out […]
Read More
Trump faces a variety of choices as he seeks to fill Fed vacancies
Key Points With the open seat on the influential Federal Reserve Board of Governors, President Donald Trump now has a number of strategic options at the central bank. Will Trump use the position to nominate a gadfly to torment Chair Jerome Powell or pursue a different strategy focused more on the long-term direction of the […]
Read More
India’s central bank keeps rates steady at 5.5% as Trump ratchets up tariff threats
Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai. Sopa Images | Lightrocket | Getty Images India’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump. The move was in line with expectations […]
Read More
Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
Read More
Australia’s second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in […]
Read More
Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore’s central bank warned that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],” as it […]
Read More
With Trump pressure and a ‘new Lebanon,’ can Hezbollah’s shadow economy be dismantled?
Key Points “Hezbollah finds itself in its greatest predicament since its foundation,” one regional expert told CNBC. Hezbollah makes money from industries like banking and construction, but also runs international drug trafficking and smuggling operations as far afield as Bulgaria and Argentina. Its revenues are estimated in the billions of dollars annually. Following Israel’s aggressive […]
Read More