Bank of Japan policymakers discussed the merits of allowing longterm yields to move more flexibly around the banks target, a summary of opinions at their January meeting showed, a sign the idea will be a key element of its policy review in March. As the coronavirus pandemic forces it to maintain a massive stimulus programme […]

SYDNEY, Feb 2 Reuters Australias central bank held rates at nearzero in a widely expected decision on Tuesday and said it would expand its bond buying programme by A100 billion 76.4 billionfrom midApril to help support jobs and boost inflation. At its first policy meeting of the year, the Reserve Bank of Australia RBA left […]

SYDNEY, Feb 3 Reuters Australias top central banker pledged on Wednesday to keep interest rates near zero until there were enough jobs in the economy to push wages growth and inflation higher, a goal that has eluded the country for more than a decade. Reserve Bank of Australia RBA Governor Philip Lowe reckons it will […]

TOKYO, Feb 3 Reuters The Bank of Japan is conducting a review of its policy tools to make them more sustainable, as the hit to the economy from the coronavirus is seen prolonging the battle to achieve its elusive 2 inflation target. It will release the findings in March. Below are some options likely to […]

New governor Naci Agbal does not expect Turkeys central bank to begin considering cutting interest rates from 17 until much later this year given upward pressure on already high inflation, and rate hikes are still a possibility, he told Reuters. In his first interview since taking the reins three months ago, Agbal said the central […]

Russias central bank held its key interest rate at a record low of 4.25 on Friday following a recent jump in inflation, a move that suggests further monetary policy easing could be off the table due to higher inflation. The decision, to keep the rate at a level unchanged since July 2020, was in line […]

LONDON, Feb 18 Reuters Bank of England policymaker Michael Saunders said cutting interest rates below zero could well prove the best tool for the central bank under some future circumstances, but the BoE did not need to decide on this yet. Saunders said in December that negative interest rates could be a useful tool, and […]

JAKARTA, Feb 18 Reuters Indonesias central bank lowered its key policy rates on Thursday, the sixth time it has cuts rates since the COVID19 pandemic started, to help lift Southeast Asias largest economy out of recession. Bank Indonesia BI cut the benchmark 7day reverse repurchase rate by 25 basis points bps to 3.5, the lowest […]

LONDON, Feb 24 Reuters Bank of England Governor Andrew Bailey and other top Bank officials spoke to parliaments Treasury Committee on Wednesday. The following are highlights EU ON BANK LOCATIONS Bailey said postBrexit moves by the European Union to require banks to justify why they are not moving activities away from Britain were of dubious […]

Australia has passed a new law that will require digital platforms like Facebook and Google to pay local media outlets and publishers to link their content on news feeds or in search results. The move was widely expected and comes days after the government introduced some lastminute amendments to the proposed bill, known officially as […]