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monetary policy

China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

by Anas Siddiqui
China pledges US billion in credit backing for tech after resurrecting dormant financial tools

The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, …

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China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

by Walter Watson
China’s central bank sees resolve for stable yuan, stimulus tested as Fed holds firm on rates

Although China’s central bank has hinted at plans for more monetary easing, uncertainty over the exact timing of US interest rate cuts and renewed depreciation pressures on the yuan are …

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Ray Dalio says now is the time to buy ‘cheap’ Chinese stocks as Beijing works to revive the economy

by Anas Siddiqui
Ray Dalio says now is the time to buy ‘cheap’ Chinese stocks as Beijing works to revive the economy

Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, said now is the time to invest in beaten-down Chinese stocks as Beijing works to shore up the …

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Australia central bank to shift to ample reserve system to set rates

by Walter Watson
Australia central bank to shift to ample reserve system to set rates

The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia’s central bank intends to change the way it provides liquidity to the banking system, moving to …

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Japan’s finance minister says ‘speculative’ moves in currency market impacting yen

by Walter Watson
Japan’s finance minister says ‘speculative’ moves in currency market impacting yen

The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese …

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Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

by Walter Watson
Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will …

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Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

by Anas Siddiqui
Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

It’s instructive to read Mervyn King, former governor of the Bank of England, in his book The End of Alchemy: Money, Banking and the Future of the Global Economy, to …

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China’s central bank keeps ‘cautious’ in bond trade despite Xi Jinping’s mandate

by Anas Siddiqui
China’s central bank keeps ‘cautious’ in bond trade despite Xi Jinping’s mandate

Despite instructions from President Xi Jinping to resume the trading of central government bonds, China’s central bank is expected to take a cautious approach to mitigate unexpected consequences for inflation …

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Opinion | Hold the bazooka: weak China growth, low stimulus is new normal

by Anas Siddiqui
Opinion | Hold the bazooka: weak China growth, low stimulus is new normal

This partly explains why the government has stepped up support for the crisis-ridden housing market. Beijing has intensified pressure on banks to assist vulnerable developers, cut mortgage rates to stimulate …

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Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

by Anas Siddiqui
Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a …

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