The Bank of Japan may allow long-term interest rates to creep up to around 0.4 percent under new guidance introduced last month, which lays the groundwork for “stealth” rate hikes, the central bank’s former executive Hideo Hayakawa said.
President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback.
Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said on Wednesday as a row between Washington and Ankara over the jailing of an American pastor dragged on.
As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective banks.
Britain’s inflation rate picked up for the first time this year in July, leaving many British households still feeling squeezed by prices that are still rising at about the same pace as their salaries.
Modi said structural reforms of four years by his govt have transformed the Indian economy from being among world's fragile five to an elephant that has started to run and made it a destination of multi-trillion dollar investment.
Indonesia’s central bank stepped up its battle to defend a beleaguered currency on Wednesday, raising interest rates for the fourth time since mid-May on top of government import curbs as Turkey’s financial crisis ripples across emerging markets.
Retail inflation is expected to average 4.4 per cent this financial year, up from 3.6 per cent recorded in the last fiscal, says a report
India’s foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the finance minister said.