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19 March
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New Zealand's RBNZ may raise OCR for the first time by 0.75%
A survey data from Reuters showed that the Bank of New Zealand (RBNZ) raised rates by 75 basis points for the first time on Wednesday. The move was taken to reduce the high level of inflation.
18 November 2022
Germany’s labor union gets a 8.5% increase in wages as a means of fighting inflation
The largest labor union in Germany managed to reach an agreement with employers on two rounds of wage increases in industrial enterprises. These measures were established to offset the threat of workers’ strikes.
18 November 2022
Saudi Arabia reduces oil exports
As Saudi Arabia is fulfilling obligations under an OPEC+ agreement to support global markets of crude oil, the kingdom sharply cut exports in November.
18 November 2022
Consumer confidence in the U.K. increased
After Liz Truss' disastrous short term to be Prime Minister, Rishi Sunak is trying to stabilize the economy.
18 November 2022
China should set a GDP growth target for 2023 of at least 5%
On Friday, People's Bank of China (PBOC) policy consultant Liu Shijin stated that China's economic growth target for 2023 should be at least 5%.
18 November 2022
Amazon CEO announces that job cuts will continue in the following year
On Thursday, Andy Jassy, current Chief Executive Officer at Amazon.com Inc., announced that the commerce giant is adjusting to new economic conditions, therefore, it will continue to reduce jobs in 2023.
18 November 2022
Yields of Japanese government bonds reached the two-week high
Yields of Japanese short-term government bonds hit a two-week-high. As for the yields of super-long governmental bonds, it has recovered after the monthly low.
18 November 2022
China's money markets relax as NBK tries to avoid liquidity shock
China's money markets retreated from recent highs after the country's central bank provided liquidity to stem a bond sell-off that could have triggered panic among retail investors.
18 November 2022
Kuroda rules out rate hike until wages rise more
Haruhiko Kuroda, governor of the Bank of Japan, said Friday that wage growth of 3% could bring the inflation of 2% closer. It’s a bank’s target.
18 November 2022
FRS will raise rate by 0.5% in December, but peak of tightening could be even higher
The FRS will lower the tempo for interest rate increases by 50 basis points in December. According to a Reuters survey, economists believe
18 November 2022
