Other news

The World Bank has lowered China's GDP growth forecast for this year and next year. This change is due to a sharp weakening of measures against COVID-19, as well as the continued vulnerability of the real estate sector.

The Bank of Japan (BOJ) raised a yield cap on 10-year government bonds from 0.25% to 0.5%. The unexpected results of the meeting led to the yen’s strengthening.

Limiting natural gas prices in Europe threatens to lower shipments to the region and intensify the energy crisis. Additionally, the cap will make it difficult for European importers to significantly raise rates in order to secure LNG supplies.

The slump in Australia's real estate market, recorded after the COVID-19 pandemic, is likely to worsen next year. This is due to the need to cover mortgages taken in 2020-21, when interest rates reached their all-time lows.

The U.S. public debt will continue to rise over the next thirty years, reaching a high that could jeopardize the country's economy, according to a new study.

Joachim Nagel, Bundesbank President, recently spoke on a time period inflation battling might take. In his recent statement, he asked the public of Germany to be patient, as fighting inflation may take time.

Global health experts are concerned about the spread of Covid in China. They are casting doubts over whether a sufficiently high proportion of the population is vaccinated (total population of China is about 1.4 billion) and whether the nation has medical equipment to fight a new wave of COVID-19.

According to BlackRock strategists, traders’ hope for a sharp slowdown in inflation is futile

On Tuesday the Chinese yuan rose against the U.S. dollar after declining initially.

The latest step by Bank of Japan Chair Haruhiko Kuroda shocked financial markets. The Central Bank has adjusted the program of managing the yield curve of government bonds. Thus, there was a jump in the yen and a bond yields’ decline just a few months before Kuroda’s resignation.