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Central banking

Turkey central bank chief quits, citing need to protect her family

by Walter Watson
Turkey central bank chief quits, citing need to protect her family

Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Anadolu Agency | Anadolu Agency …

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China’s factory activity expanded in January, diverging from official data

by Walter Watson
China’s factory activity expanded in January, diverging from official data

Several bills, each with a value of 100 Chinese renminbi, lie on a table. Johannes Neudecker | Picture Alliance | Getty Images China’s factory activity expanded for a third-straight month …

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Warren pushes Fed Chair Powell to cut rates, ease housing pressure

by Vera Ward
Warren pushes Fed Chair Powell to cut rates, ease housing pressure

Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, …

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Singapore’s central bank leaves policy unchanged in first quarterly meeting of 2024

by Walter Watson
Singapore’s central bank leaves policy unchanged in first quarterly meeting of 2024

The Merlion statue in Singapore, on Tuesday, Jan. 3, 2023. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Singapore’s central bank left its policy unchanged …

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Turkey hikes interest rate again to 45% after inflation nears 65%

by Walter Watson
Turkey hikes interest rate again to 45% after inflation nears 65%

Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank on Thursday …

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German regulator urges banks to set aside bumper profits for bad news

by Walter Watson
German regulator urges banks to set aside bumper profits for bad news

The headquarters of German banks Deutsche Bank (L) and Commerzbank in Frankfurt, Germany. FRANK RUMPENHORST | DPA | Getty Images Banks should be setting aside recent bumper profits to provision …

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China’s PBOC announces RRR cut as it seeks to boost growth

by Ron Morgan
China’s PBOC announces RRR cut as it seeks to boost growth

Pan Gongsheng was named party secretary of the People’s Bank of China on July 1, 2023. Vcg | Visual China Group | Getty Images BEIJING — China pledged to reduce …

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Treasury yields nudge higher ahead of key data releases

by Walter Watson
Treasury yields nudge higher ahead of key data releases

U.S. Treasury yields nudged slightly higher on Tuesday, as market participants await the release of key economic data points later in the week. At 5:52 a.m. ET, the yield on …

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Bank of Japan expectedly retains its ultra-loose policy, trims core inflation forecast

by Ron Morgan
Bank of Japan expectedly retains its ultra-loose policy, trims core inflation forecast

Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan’s headquarters in Tokyo on July 28, …

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Top Citi strategist says healthier economic growth is coming

by Ron Morgan
Top Citi strategist says healthier economic growth is coming

Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, …

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