Governor of the Bank of Japan Kazuo Ueda stated on Friday that if underlying inflation keeps rising, the central bank "very likely" to hike interest rates and eventually start to cut back on its massive bond purchases.   According to Ueda, long-term inflation expectations are still close to...

The Federal Reserve's most recent survey of U.S. central bank contacts identified persistent inflation and higher-for-longer interest rates as the main threats to financial stability. Geopolitical unrest and the 2024 U.S. presidential election were also identified as "a potentially significant...

According to a research released on Thursday by senior analyst Yunbang Xu of S&P Global Ratings, China's fiscal stimulus is becoming less successful and is primarily being used as a means of buying time for its industrial and consumption programmes.   The fiscal boost was measured by the...

According to a Federal Reserve poll released on Wednesday, U.S. economic activity increased little between late February and early April, and businesses indicated they expected inflation pressures to remain stable. These findings continue recent patterns that have prevented the central bank from...

As part of their daily governance, banks need to consider the risks associated with using artificial intelligence (AI) and machine learning (ML), according to a senior global banking regulator on Wednesday.   Pablo Hernandez de Cos, the governor of the Bank of Spain and chair of the...

Approximately forty percent of American businesses who failed to pay their debts in 2023 had already failed, per a recent analysis by credit rating company Moody's.   According to the report, which was published on Tuesday, these and other heavily indebted businesses suffered within an...

The International Monetary Fund predicted on Tuesday that the world economy would grow slowly but steadily in 2019. The U.S. economy is driving global output despite obstacles like persistently high inflation, poor demand in China and Europe, and the fallout from two regional wars.   The...

The European Central Bank (ECB) is expected to lower interest rates three times this year, according to Deutsche Bank and Morgan Stanley's updated forecasts about the rate of monetary policy easing. Prior to this year, Morgan Stanley predicted that rates would be lowered by 25 basis points (bps)...

The Wall Street Journal reports that the biggest telecom service providers in China are now required by law to discontinue their use of foreign processors. The relevant directive was issued earlier this year by the Chinese Ministry of Industry and Information Technology, according to sources for...