Some Bank of Japan board members warned a resurgence in the coronavirus pandemic could delay economic recovery and destabilize its banking system by pushing more companies under, minutes from the bank's July rate review showed on Thursday. While they agreed on the need to ramp up stimulus if needed, the BOJ policymakers said the hit [...]
At its September monetary policy meeting, the Reserve Bank of New Zealand (RBNZ) board members decided to keep the Official Cash Rate (OCR) unadjusted at a record low of 0.25% for the fourth month in a row, as widely expected. Members agreed a lower OCR would be complementary to its other monetary policy tools, and [...]
USD gained a little strength early today by the latest comments from the US Secretary of State Mike Pompeo from the United Nations (UN) meet. The Trump administration member thanked, France, Germany, and the UK, via twitter, as they backed rejection to China’s claim over the South China Sea. Elsewhere, the Fed Chair Jerome Powell [...]
British manufacturers see little evidence of a 'V'-shaped recovery from the corona virus pandemic underway and many are planning to slash investment, a business survey showed on Monday. The Make UK industry association and accountants BDO said output and orders had improved from historic lows struck last quarter during the depths of the pandemic. But [...]
