Malaysia’s central bank has highlighted the importance of accelerating structural reforms to ensure long-term sustainable economic strength and to support the ringgit currency. With favourable economic conditions expected in 2024, such as moderate inflation and a projected pick-up in trade activity, the government has a window of opportunity to implement necessary changes. The shift from
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The trade tensions between Europe and Beijing are expected to increase as China’s manufacturing capabilities in strategic industries continue to grow rapidly. Jens Eskelund, the president of the European Union Chamber of Commerce in China, expressed his concerns by calling it a “slow-motion train accident.” He emphasized that Europe cannot stand by and watch as
The Bank of England’s decision to maintain interest rates at 5.25% in its recent meeting reflects the cautious approach policymakers are taking in light of stable inflation at 4.0% y/y in January. While one member advocated for a rate cut, the central bank refrained from making any immediate changes, citing the need for further evidence
The likelihood of a 25-basis point Fed rate cut has decreased from 62.6% on March 12 to 55.6% on March 19. The chances of a 50-basis point Fed rate cut have also dwindled from 19.1% on February 16 to 3.6% on March 19. This shift in probability has created uncertainty around a potential June Fed
Ethiopia’s largest bank, the state-owned Commercial Bank of Ethiopia, is facing a major setback as it tries to recover millions of dollars lost due to a technical glitch over the weekend. Reports from local media indicate that more than $40 million was withdrawn from the bank or transferred to other financial institutions after customers were
The recent survey conducted by Bank of America revealed a surge of optimism among investors towards emerging market equities. For the first time since April 2017, investors have rushed into emerging market equities at an accelerated pace. Global growth expectations are at a two-year high, and “risk appetite” is currently the highest it has been
Japanese shares experienced volatility on Tuesday as the yen fell to near 150 per dollar following the Bank of Japan’s decision to end eight years of negative interest rates. This move marked the nation’s first policy tightening since 2007. The BOJ introduced a new target for the overnight call rate and stated that it would
Crude oil bulls are eagerly anticipating a breakout above the $82.80 resistance level, as per the latest technical analysis. The recent surge in crude oil prices was fueled by a base formation above $76.80, followed by a strong push above the $80.00 resistance zone. The 4-hour chart of XTI/USD indicates a significant breakthrough of a
Investors are not only concerned with the interest rate decision when making decisions in the market. They must also take into consideration other policy tweaks that could impact the economy, such as the possibility of Japan ending the yield curve control policy (YCC). Despite recent economic indicators sending mixed signals, the Bank of Japan (BoJ)
The Reserve Bank of Australia (RBA) held its current interest rates at 4.35% after a meeting that lasted two days. Despite keeping rates unchanged since December, the RBA has hinted at the potential for further rate hikes owing to persistent high inflation, which has surpassed its target range of 2% to 3%. During the February
The Bank of Japan’s impending decision to potentially raise interest rates for the first time since 2007 has sent shockwaves through the financial world. This move, if implemented, could mark a significant shift in the country’s monetary policy after years of ultra-loose measures. Japanese policymakers are currently deliberating on whether to increase interest rates from
The predictions by economists regarding the US building permits and housing starts in February present a mixed outlook. While building permits are expected to decline slightly, housing starts are forecasted to see a significant jump. This difference in forecasts could potentially indicate a need for more building permits in the near future. Additionally, the better-than-expected