The Bank of Canada (BoC) has trimmed its key interest rate by 25 basis points for the second consecutive month, bringing it to 4.5%. This decision signals a shift towards a more dovish stance, acknowledging …
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Nigeria Central Bank Hikes Rates Again to Combat Soaring Inflation
The Central Bank of Nigeria (CBN) has once again raised its benchmark interest rate, marking the fourth increase this year. The new rate stands at 26.75%, a decision driven by the urgent need to combat …
Continue readingThailand’s Stimulus Budget Passes First Parliamentary Vote Amids
Thailand’s government has secured initial approval for an additional 122 billion baht ($3.4 billion) budget to fund its “digital wallet” stimulus program. This program aims to jumpstart the country’s struggling economy, which grew only 1.9% …
Continue readingBrazil Government Maneuvers to Delay Central Bank Autonomy Vote
The Brazilian government has proposed that the central bank should cover the costs of the Proagro rural insurance program, potentially delaying a crucial vote on granting the central bank financial autonomy. The move, which could …
Continue readingChina’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
Continue readingChina’s Central Bank Steps In to Cool Bond Market Rally, Preventing Risks
China’s central bank, the People’s Bank of China (PBOC), is taking steps to cool the country’s surging bond market. The central bank is concerned about the potential risks associated with the recent rally, deeming it …
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