Japan’s three leading banks stand to take a hit ¥300 billion hit to their bottom lines due to the Bank of Japan’s negative interest rates, according to Nikkei. Japan’s Financial Services Agency warned the central […]
Any chance the Federal Reserve had of raising rates this year may have been quashed by the Bank of England, which not only cut interest rates on Thursday, but restarted its money-printing program. The decision […]
The Bank of England has cut its key interest rate by 25 basis points to a record-low 0.25%, moving to cushion the blow of the UK’s planned withdrawal from the EU. The central bank says […]
The National Development and Reform Commission, China’s top state planning agency, said the country will wait for “the appropriate time” to bring down interest rates and relax the bank reserve requirement ratio. The commission said […]
Betting on longer-dated government bonds continues to be a popular strategy globally as investors calculate that low rates will extend well into the future. But risks grow more significant the longer the trend persists as […]
As widely expected, the US Federal Reserve held rates steady Wednesday, but it also offered an optimistic outlook on the economy with a diminished risk profile. Improvements in the labor market and economy will likely […]
The European Central Bank was unsparing as it noted developing downside risks to the eurozone’s economy, but it kept rates steady at its meeting Thursday. President Mario Draghi noted Brexit’s risk and slowing growth in […]
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