Sept 14 Reuters Peru39;s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.5 after holding the rate steady for eight straight months, as the monetary authority in the Andean nation sees inflation easing. The central bank first held the rate steady in February following an aggressive series of hikes […]

WARSAW, Sept 14 Reuters Poland39;s minimum wage will rise by almost 18 in January, the prime minister said on Thursday, ahead of Oct. 15 elections in which the cost of living ranks high among voters39; concerns. Bidding to become the first Polish government since the fall of communism to win three terms in office, nationalists […]

Tax could make banks vulnerable to economic downturn Some banks may report losses when paying tax in mid2024 Italian lawmakers preparing proposals to soften measure FRANKFURT, Sept 13 Reuters The European Central Bank ECB on Wednesday criticised the Italian government39;s proposed tax on windfall bank profits, saying it did not consider lenders39; longterm prospects and […]

LONDON, Sept 12 Reuters A national conversation is needed to assuage public fears that a digital version of the pound would allow the government to spy on them, Bank of England deputy governor designate Sarah Breeden said on Tuesday. The BoE and Britain39;s finance ministry have been consulting on whether and how to introduce a digital pound, […]

BRUSSELS, Sept 12 Reuters European Union lawmakers gave their final approval on Tuesday to legally binding targets to expand renewable energy faster this decade, a central part of Europe39;s plans to curb climate change and shift away from fossil fuels. The law significantly raises the EU39;s renewable energy targets, requiring 42.5 of EU energy to […]

NEW DELHI, Reuters Leaders of the world39;s 20 big economies ended a summit in the Indian capital on Sunday overcoming deep divisions over the war in Ukraine to produce a consensus document and move forward on issues such overhauling institutions like the World Bank. They also formally admitted the African Union to the bloc to make the […]

India indicates G20 close to bridging divide over Ukraine G20 summit to be dominated by West with Xi, Putin absent New Delhi decked up, business district shut down for meet G20 sherpas said to be divided over climate change cooperation NEW DELHI, Sept 8 Reuters G20 countries have almost finalised a declaration for the weekend […]

Japan39;s deflationary mindset changing BOJ board member Takata BOJ must maintain easy policy, respond nimbly to risks There39;s some distance to exit from negative rate policy TOKYOSHIMONOSEKI, Japan, Sept 6 Reuters Bank of Japan policymaker Hajime Takata on Wednesday ruled out an early exit from negative interest rates, while also saying that he saw signs […]

SEOUL, Sept 6 Reuters South Korea should maintain current, restrictive monetary and fiscal policies as it needs to take steps to return to sustainable finances and address inflation, the International Monetary Fund IMF said on Wednesday. The monetary policy rate should stay above neutral for the time being to address inflation, with the interest rate […]

SYDNEY, Sept 5 Reuters Australia39;s central bank on Tuesday kept interest rates steady for a third month at the last meeting chaired by Governor Philip Lowe, encouraging speculation the tightening cycle was over as policymakers indicated they have a firmer grip on prices. Wrapping up its September policy meeting, the Reserve Bank of Australia RBA […]