Monetary Policy
BOK governor vows proactive steps to tame inflation
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Bank of Korea Governor Shin Hyun-song said Wednesday the central bank will make proactive efforts to tame inflation until convinced prices are clearly heading toward the target level.
Saugata Bhattacharya stated there are few indications the Indian economy is overheating. He noted several factors that could shape growth and monetary policy.
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Economy Minister Airlangga Hartarto and Investment Minister Rosan Roeslani urged state-owned banks not to rush in raising lending rates after Bank Indonesia lifted the benchmark rate to 5.75 percent.
The Reserve Bank of India's Monetary Policy Committee on Wednesday kept the key policy rate, the repo rate, unchanged at 5.25 per cent. Amid uncertainties from the West Asia conflict, the committee retained its neutral stance. It has lowered the GDP growth forecast to 6.9 per cent for FY27.
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Banco Central president Gabriel Galípolo called for caution in Brazil's interest rate policy on Monday amid global uncertainties from the Iran war. Speaking at a seminar in Rio de Janeiro, he stressed taking safer steps to address inflation pressures. Former BC president Arminio Fraga criticized the government's fiscal policy for not supporting the central bank.
President-elect Donald Trump's nomination of Kevin Warsh as Federal Reserve Chair has led to a dip in bitcoin's price, as markets view him as potentially hawkish on monetary policy. Despite Warsh's past praise for bitcoin, analysts warn of short-term volatility if he tightens policy. Experts see long-term benefits for the cryptocurrency under his leadership.
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Federal Reserve Bank of Minneapolis President Neel Kashkari criticized cryptocurrency as utterly useless during a speech in Fargo, North Dakota. He questioned the practical value of digital assets and stablecoins compared to existing payment systems. Kashkari also defended the Federal Reserve's independence amid political pressures.
Bank of Japan raises rates to 1%, highest level since 1995
June 04, 2026 20:25Japan official calls forex intervention key tool to send message
May 31, 2026 21:58Reserve Bank of India expected to hold policy rate steady
May 08, 2026 23:40César Giraldo says rate hikes will not curb inflation
May 07, 2026 07:14Central bank raises rates by 200 basis points amid rising inflation
March 18, 2026 16:52Copom cuts Selic from 15% to 14.75% amid war uncertainties
March 08, 2026 18:31Fears over Exchange Fund use overblown, says Hong Kong dollar peg architect
March 07, 2026 04:27Ibovespa falls amid global uncertainty from weak payroll and middle east war
February 24, 2026 19:57CBE governor and planning minister review monetary and economic policy coordination
February 23, 2026 23:33Petro attributes housing contraction to Banco de la República rates