Sunday, December 1

Tag: WSJ-PRO-CB

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
29Dec By adminNo Comments
World

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks

Dec. 29, 2023 1:20 am ET|WSJ ProChina’s central bank has vowed to boost consumer prices as the world’s second-largest economy is battered by tepid demand and weakening confidence.The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels,” according to a statement released late Thursday summarizing the central bank’s fourth-quarter monetary policy meeting.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Philippine Central Bank Stands Pat on Rates
14Dec By adminNo Comments
World

Philippine Central Bank Stands Pat on Rates

Dec. 14, 2023 2:28 am ET|WSJ ProThe Philippine central bank left its benchmark rates unchanged Thursday, saying the risk of higher inflation in the populous Southeast Asian nation will remain into 2024.The Bangko Sentral ng Pilipinas said it would keep its overnight reverse repurchase rate steady at 6.50%, in line with the unanimous expectation of analysts polled by The Wall Street Journal. It held its benchmark lending rate at 7.00%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Glynn’s Take: Squeeze on Australian Households Worse Than Thought
14Dec By adminNo Comments
World

Glynn’s Take: Squeeze on Australian Households Worse Than Thought

Dec. 13, 2023 9:21 pm ET|WSJ ProSYDNEY—The squeeze on Australian household budgets appears much worse than thought, with a sharp surge in tax payments adding to the pain already being felt from soaring interest rates.For the Reserve Bank of Australia, which outwardly at least still appears hawkish, the pain being felt across suburbia looks set to quash any remaining thoughts of a further rise in interest rates next year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says
11Dec By adminNo Comments
World

BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says

TOKYO—Takeshi Niinami, chief executive of beverage maker Suntory Holdings and the head of a Japanese business lobby, called on the Bank of Japan to raise interest rates, saying it would help boost the Japanese economy’s productivity and competitiveness.If the Bank of Japan raises interest rates, “the Japanese business community would be ready—which means they should raise interest rates, both long and short,” Niinami said in an interview with The Wall Street Journal on Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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India Central Bank Stands Pat as Higher Inflation Looms
8Dec By adminNo Comments
World

India Central Bank Stands Pat as Higher Inflation Looms

Updated Dec. 8, 2023 12:41 am ET|WSJ ProIndia’s central bank kept its policy rate unchanged as expected, saying economic activity is strong but that volatile food prices could soon raise inflation in the world’s most populous nation.Reserve Bank of India Gov. Shaktikanta Das said Friday that the bank’s monetary-policy committee had decided to keep its policy repo rate at 6.50%, its fifth straight hold. All 10 analysts surveyed by The Wall Street Journal had predicted that the central bank would stand pat.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australian Households Coping Well With Soaring Rates, Inflation, RBA Says
8Dec By adminNo Comments
World

Australian Households Coping Well With Soaring Rates, Inflation, RBA Says

Dec. 7, 2023 9:27 pm ET|WSJ ProSYDNEY—Despite interest rates in Australia rising at a record pace over the last year and half, household budgets have adapted to sharply rising mortgage repayments, and instances of extreme financial stress are scant, according to the Reserve Bank of Australia.“While budget pressures are being widely felt across indebted households, most of these households have managed to adjust to these pressures,” Andrea Brischetto, head of financial stability at the RBA, said Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Thai Central Bank Keeps Rate at Decade High, Tempers Growth Forecasts
29Nov By adminNo Comments
World

Thai Central Bank Keeps Rate at Decade High, Tempers Growth Forecasts

Nov. 29, 2023 3:25 am ET|WSJ ProThailand’s central bank kept its benchmark policy rate at its highest point in a decade, saying that the economy is recovering, while forecasting “more balanced” growth in the years to come.The Bank of Thailand said Wednesday that it will maintain its one-day repurchase rate at 2.50%, ending a run of eight straight increases that began in August last year. At its previous meeting, the bank had raised the rate to its highest level since November 2013.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Economy to Meet 5% Growth Target, PBOC Says
28Nov By adminNo Comments
World

China’s Economy to Meet 5% Growth Target, PBOC Says

Nov. 27, 2023 9:44 pm ET|WSJ ProChina’s central bank said the economy is expected to realize its 5% growth target this year while calling for an economic transformation as the debt-driven growth model becomes less effective.The People’s Bank of China said there are “significant shifts” in the real estate supply-demand dynamics, which also makes it urgent for the nation to upgrade the economy, according to a quarterly report on its monetary policy released late Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australia’s Chalmers Appoints BOE Official as RBA Deputy Governor
27Nov By adminNo Comments
World

Australia’s Chalmers Appoints BOE Official as RBA Deputy Governor

Updated Nov. 27, 2023 2:55 am ET|WSJ ProSYDNEY—Australian Treasurer Jim Chalmers has moved again to shake-up the corporate culture and practices of the Reserve Bank of Australia, naming a Bank of England official as the central bank’s new deputy governor.The appointment of Andrew Hauser, who has a 30-year career with the BOE behind him, breaks with decades of practice that has seen internal candidates promoted up the ranks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Stay on top of inflation and monetary policy.News and commentary to help you monitor and analyze shifts in the world economy and the policies of central banks.
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