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Tag: WSJ-PRO-CB

Singapore Looks Well-Equipped to Weather Financial Shocks, MAS Review Shows
27Nov By adminNo Comments
World

Singapore Looks Well-Equipped to Weather Financial Shocks, MAS Review Shows

Nov. 27, 2023 12:06 am ET|WSJ ProSINGAPORE—Singapore’s corporate, household and financial sectors are in good shape to withstand shocks, but still face risks that could test their resilience, a review by the country’s central bank showed.The Monetary Authority of Singapore’s Financial Stability Review, which gauges how well the city-state’s financial system can weather global risks and domestic vulnerabilities, found that most companies, banks and households have sufficient buffers to manage shocks to income and financing costs. Stress tests showed broad resilience among the sectors but also some weak spots that are more vulnerable to the impact of factors like high interest rates and slower global growth, according to the review released Monday.Copyright ©2023 Dow Jones & Company, In...
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Bank Indonesia Maintains Benchmark Rate, as Expected
23Nov By adminNo Comments
World

Bank Indonesia Maintains Benchmark Rate, as Expected

Updated Nov. 23, 2023 3:12 am ET|WSJ ProIndonesia’s central bank stood pat at its November policy meeting, aiming to support the rupiah amid global uncertainties and pre-empt inflation headwinds.Bank Indonesia kept its benchmark seven-day reverse repo rate at 6.00%, as anticipated. Four out of six economists polled by The Wall Street Journal had expected the decision, while the other two had expected a 25-basis-point hike.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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RBA Governor Bullock Says Hardest Part of Inflation Fight Still Ahead
22Nov By adminNo Comments
World

RBA Governor Bullock Says Hardest Part of Inflation Fight Still Ahead

Nov. 22, 2023 3:39 am ET|WSJ ProSYDNEY—The Reserve Bank of Australia’s battle to tame inflation will be slow and drawn out, with the hardest part set to take place over the next two years as policy makers move to tamp down on strong “homegrown” demand.“An important implication of this homegrown and demand-driven component to inflation is that getting inflation back to target will take time,” RBA Gov. Michele Bullock said Wednesday in a speech to market economists.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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Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post
14Nov By adminNo Comments
World

Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post

Nov. 13, 2023 7:22 pm ET|WSJ ProSYDNEY—The question of how far the Reserve Bank of Australia is willing to go to remove groupthink from its ranks will be answered in the coming weeks as Treasurer Jim Chalmers moves to appoint a new deputy governor.Central to that debate is whether he promotes an official already at the RBA or opts for an outsider. Market chatter about potential candidates includes Chris Kent, the current assistant governor overseeing the operation of financial markets, and Justin Wolfers, an economist and academic who teaches at the University of Michigan.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 econ...
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Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post
14Nov By adminNo Comments
World

Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post

Nov. 13, 2023 7:46 pm ET|WSJ ProSYDNEY—The question of how far the Reserve Bank of Australia is willing to go to remove groupthink from its ranks will be answered in the coming weeks as Treasurer Jim Chalmers moves to appoint a new deputy governor.Central to that debate is whether he promotes an official already at the RBA or opts for an outsider. Market chatter about potential candidates includes Chris Kent, the current assistant governor overseeing the operation of financial markets, and Justin Wolfers, an economist and academic who teaches at the University of Michigan.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 econ...
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Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says
13Nov By adminNo Comments
World

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia.“Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial market participants. “Still-strong levels of demand have allowed businesses to pass on cost increases to customers.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Japan Unlikely to Fall Back to Zero Inflation, BOJ Governor Says
6Nov By adminNo Comments
World

Japan Unlikely to Fall Back to Zero Inflation, BOJ Governor Says

Nov. 5, 2023 9:26 pm ET|WSJ ProNAGOYA, Japan—Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases.“The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle between wages and prices is expected to strengthen, Ueda said in a speech to business leaders in the central Japan city of Nagoya, near Toyota Motor’s home.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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Glynn’s Take: RBA Policy Decision Seems Too Tough to Call With Cautious Bullock at the Helm
2Nov By adminNo Comments
World

Glynn’s Take: RBA Policy Decision Seems Too Tough to Call With Cautious Bullock at the Helm

Nov. 2, 2023 2:16 am ET|WSJ ProSYDNEY—The Reserve Bank of Australia’s decision next week on whether to resume raising interest rates in response to higher-than-expected third-quarter inflation is too close to call.That’s because the RBA’s tightening cycle is already well advanced, with a lot of the pain of the prior run of rate hikes yet to be felt by companies and home buyers. The threat of a spike in mortgage defaults and business failures will grow sharply if loan repayment costs rise much further.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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Parsing the Fed: How the July Statement Changed
1Nov By adminNo Comments
World

Parsing the Fed: How the July Statement Changed

Updated Nov. 1, 2023 2:22 pm ET|WSJ ProUse this tool to compare the latest Federal Reserve policy statement with its immediate predecessor and see where policy makers have updated their language.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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Philippines Central Bank Unexpectedly Raises Policy Rate to Rein in Inflation
26Oct By adminNo Comments
World

Philippines Central Bank Unexpectedly Raises Policy Rate to Rein in Inflation

Updated Oct. 26, 2023 4:10 am ET|WSJ ProThe Philippine central bank unexpectedly raised its benchmark interest rate to rein in high inflation.Bangko Sentral ng Pilipinas Gov. Eli Remolona said Thursday that the bank would increase its benchmark overnight reverse repurchase rate by 25 basis points to 6.50%, effective Friday.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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