Peru Cuts Key Interest Rate to Three-Year Low of 4.25%
Peru cut interest rates to the lowest level since 2022 after inflation unexpectedly plunged last month. Source: Original
US, Japan Confirm Won’t Manipulate FX for Competitive Advantage
US Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato reaffirmed in a joint statement their basic commitment to…
New Zealand’s Consumer Spending Drop Hints at Shrinking Economy
New Zealand consumers scaled back spending in the three months through June, reinforcing expectations the economy took a step backwards…
China’s Summer of Economic Weakness Likely Stretched Into August
“`html Economics China’s Economic Challenges Extended into August According to recent reports, China’s economy faced ongoing challenges throughout August, continuing…
Nickel Gains After Indonesia Seizes Part of Giant Tsingshan Mine
Nickel rose after Indonesia seized part of a giant mine part-owned by top Chinese producer Tsingshan Holding Group Co., underlining…
Bank of Russia Set to Keep Slashing Key Rate as Economy Cools
The Bank of Russia is poised to continue steep rate cuts as the economy cools faster than expected, with growth…
EU Watchdog Aims to Fix UK Covered Bonds’ Equivalence Terms
The EU’s banking rule-setter is preparing to detail terms for an equivalence regime allowing European banks to use UK covered…
ECB Can Deliver 2% Inflation Without More Cuts, Patsalides Says
There’s currently no need for the European Central Bank to lower interest rates further to deliver stable inflation, according to…
ECB Officials Diverge on Rates as Villeroy Says Cut Possible
European Central Bank officials offered diverging views on the next step for interest rates, highlighting the potential for disagreement over…
UK Economy Stagnated in July as Headwinds Grow Before Budget
“`html UK Economy Experiences Stagnation in July Amid Growing Challenges Ahead of Budget In July, the UK economy showed little…