US stocks rose on Powell’s remarks, with all three major indices on Wall Street up sharply at around 10am local time in Washington (1400 GMT). The annual economic symposium in …
Hong Kong’s monetary authority said high interest rates may “last for some time” because America’s inflation remained stubbornly high, a situation which may weigh on the city’s mortgage borrowers, with …
The US dollar index has risen by more than 4 per cent since the start of the year, triggering alarm bells among central banks in Asia that are running significant …
At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal …
In economic forecasts published alongside the last Fed decision, policymakers indicated that they expect as many as three quarter percentage-point rate cuts this year – although they did not indicate …
The outlook for Hong Kong remains uncertain due to a lack of consensus over the two big determinants of the performance of the city’s economy and asset prices: mainland China’s …
Beijing and Shanghai have rolled out a fresh round of stimulus measures – including cuts to down payment ratios and the extension of deadlines for mortgage repayments – as part …
What a difference a year makes. At the end of 2022, all eyes were on China as the abrupt end of the government’s zero-Covid policy fuelled hopes of a sharp …
For some time now, the world’s leading central banks have had a credibility problem. Having insisted that the surge in inflation stemming from the Covid-19 pandemic was temporary, policymakers fell …