The Spectator

Tag : interest rates

Business

China pledges tech support, trade balance and market reforms

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BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The...
Business

Bank of Korea holds 2.5% rate and rolls out dot plot

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SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of...
Business

Bank of Japan lifts rates to highest level in 30 years

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TOKYO, December 20, 2025: The Bank of Japan on Friday raised its benchmark interest rate to the highest level in three decades, marking another milestone in its gradual departure from ultra-loose monetary policy. The central bank...
Business

IMF reduces annual borrowing costs for members by 36 percent

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The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1....
Business

Fed Chair Powell signals smaller rate cuts to keep economy in solid shape

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Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market....
Business

Swiss National Bank cuts interest rates by 25 basis points again

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The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures....
Business

Chinese Yuan hits record lows against surging US dollar

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The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial...
Business

Gold prices hold steady near one-year high as Fed rate pause looms

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Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a...