Rates
Australia central bank signals rates will stay at 12-year high for ‘extended period’
AUSTRALIA’S central bank will likely need to hold interest rates at their current 12-year high for an “extended period” to ensure that inflation returns to its target band next...
Chinese banks hold key lending rates after PBOC signals caution
CHINESE banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions.The one-year loan prime rate...
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut
THE Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday (Aug 21) and through Q1 2025 to balance growth with inflation control while assessing the impact of...
Gold tops US$2,500 for first time on outlook for lower rates
Gold topped US$2,500 an ounce for the first time, bolstered by hopes that the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much...
Gold tops US$2,500 for first time on outlook for lower rates
Gold topped US$2,500 an ounce for the first time, bolstered by hopes that the US Federal Reserve is edging closer to cutting interest rates. Spot bullion climbed as much...
New Zealand cuts rates as slumping economy slows inflation
NEW Zealand’s central bank cut interest rates, embarking on an easing cycle much sooner than previously indicated as the economy slumps and inflation slows. The local dollar plunged.The Reserve...
RBNZ faces crunch rates call amid uncertainty over pivot timing
NEW Zealand’s central bank faces a crunch policy decision this week, with economists and investors unsure whether it will start cutting interest rates or wait for further evidence that...
ABN Amro lifts full-year interest income outlook on higher rates
DUTCH lender ABN Amro on Wednesday (Aug 7) raised its forecast for full-year net interest income (NII) to 6.4 billion euros (S$9.3 billion), after it beat second-quarter estimates, sending...
