The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” …
Author: admin
Summary: Federal Reserve Bank of New York President Williams says no urgency to change Fed rates Describes policy stance as “in a good place” Says …
Summary: US convenes finance ministerial on critical minerals Focus on rare earths and supply chain vulnerabilities Allies back diversification and resilience push Emphasis on derisking …
Summary: Bank of Korea (BoK) seen holding base rate at 2.50% on January 15 Won weakness and inflation risks limit easing scope Central bank signals …
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that …
Summary: UK consumer spending fell sharply in December Barclays card data shows biggest drop since 2021 Retail sales growth slows to weakest pace since May …
Summary: Williams highlights resilience of New York and US economy Reaffirms dollar’s role as global reserve currency Says global finance requires some coordination Defends Fed’s …