Tan Cang Hai Phong International Container Terminal. (Photo: Minh Thu/VNA) The Economic Intelligence Center of Siam Commercial Bank (SCB EIC) of Thailand reported on February 1 that CLMV countries including Cambodia, Laos, Myanmar and Vietnam will achieve growth momentum stronger in 2023 but still below its pre-COVID-19 growth potential. The SCB EIC report suggests that … Read more
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from … Read more
Headquarters Central Bank of Canada in Ottawa. (Photo: AFP/VNA) On January 25, the Bank of Canada (BoC) announced to increase its key interest rate by 0.25 percentage points to 4.5%, marking the 8th consecutive interest rate hike. However, the BoC also said it might not raise interest rates any further. According to the Vietnam News … Read more
announce Swiss Central Bankfor a record loss of 132 billion Swiss francs (last year, breaking the previous record, when its loss in 2016 reached 23 billion, due to the decline in financial markets, which reduced the value of stocks and bonds in its portfolio. The central bank clarified the information today, Monday, in its preliminary … Read more
02:42 PM Tuesday, December 27, 2022 I wrote – Manal Al-Masry: After hours and days of speculation, the National Bank of Egypt and Egypt offered a 20% interest certificate out of the question during the current period, according to the assurances of the heads of the two banks yesterday, Monday, despite the Central Bank raising … Read more
Expectations for accommodative monetary policy rose as an official signaled that China was willing to provide stronger policy support for the economy next year, experts said on Monday. According to them, the Chinese economy still needs lower interest rates and other countercyclical measures to adjust to a recovery in consumption and investment in the face … Read more
Frankfurt Muted hopes of an end to US interest rate hikes continued to weigh on Wall Street. The Dow Jones lost 2.3 percent to 33,202 points. The tech-heavy Nasdaq fell 3.2 percent to 10,810 and the broader S&P 500 fell 2.5 percent to 3,895. Fed Chair Jerome Powell raised fears of a prolonged cycle of … Read more
Many Fed officials have expressed their support for the need to control the pace of interest rate increases, as indicated by the minutes of the central bank’s November 1-2 meeting. Only a few of these officials stressed the need to raise the benchmark interest rate even higher. Since the last Fed meeting, investors have scrutinized … Read more