Monetary Policy

Bank of Korea Governor announces steady 2.5% interest rate amid Middle East war uncertainties.

Bank of Korea holds key rate at 2.5% for seventh straight meeting amid Middle East war

9 Mwezi wa nne, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

South Korea's Bank of Korea unanimously kept its benchmark interest rate unchanged at 2.5 percent on April 10, marking the seventh consecutive hold since July 2025 amid high uncertainty from the Middle East war, which has fueled inflation risks, growth slowdowns, and won weakness. Governor Rhee Chang-yong noted the won could strengthen quickly if tensions ease. The next policy meeting is May 28.

César Giraldo says rate hikes will not curb inflation

Banco de la República codirector César Giraldo said raising interest rates is no longer effective against current inflation, which is driven by external factors like oil and weather.

Central bank raises rates by 200 basis points amid rising inflation

7 Mwezi wa tano, 2026 Imeripotiwa na AI

Technical manager Hernando Vargas presented the Banco de la República's Monetary Policy Report, highlighting the interest rate hike and lower-than-expected GDP growth.

Asia

Fears over Exchange Fund use overblown, says Hong Kong dollar peg architect

America

Ibovespa falls amid global uncertainty from weak payroll and middle east war

Afrika

CBE governor and planning minister review monetary and economic policy coordination

Petro attributes housing contraction to Banco de la República rates

President Gustavo Petro blamed the Banco de la República's high interest rates for the housing sector's contraction, which has seen 10 consecutive quarters of decline. The leader stated that these positive and growing real rates have prevented users from affording payments. Analysts, however, emphasize the drop in social interest housing as the main factor.

Kevin Warsh's Fed nomination prompts bitcoin price concerns

21 Mwezi wa pili, 2026 Imeripotiwa na AI

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.

Banxico holds interest rate at 7% and adjusts inflation forecast

The Bank of Mexico paused its rate-cutting cycle and kept the reference rate at 7.0 percent in its first monetary policy meeting of the year. It also revised its inflation expectations, delaying convergence to the 3.0 percent target until the second quarter of 2027. Analysts note a cautious stance amid fiscal impacts and upside risks.

Colombia's January inflation hit 5.35%

6 Mwezi wa pili, 2026 Imeripotiwa na AI

Colombia's National Administrative Department of Statistics (Dane) reported that annual inflation for January 2026 stood at 5.35%, up 13 basis points from January 2025. Driven by lodging services, restaurants, and food, the figure slightly exceeded market expectations. This data will guide the Central Bank's monetary policy decisions.

Alhamisi, 23. Mwezi wa nne 2026, 01:19:34