Hungary is facing a crucial decision regarding a potential technical change in the calculation of loan repayment rates. This change aims to reduce borrowing costs and stimulate economic growth. However, it has faced criticism from the Bank of Hungary, raising concerns about its effectiveness and impact on policy maneuverability. Finance Minister Mihaly Varga revealed in
Economy
China’s major southern city of Guangzhou has recently taken a bold step in revitalizing its property market by fully relaxing home purchase limits for certain individuals and increasing the supply of affordable housing. This move marks Guangzhou as the first tier-one city to significantly relax its purchase restriction policy, and is expected to have a
Japan’s core inflation rate in Tokyo has fallen below the central bank’s 2% target, signaling the continuation of easing cost pressures in the months ahead. While corporate service inflation remains steady at a nine-year high, rising service prices are gradually replacing escalating costs as the primary driver of price gains. This article analyzes the latest
Japan’s top currency diplomat, Masato Kanda, is closely monitoring how central bank decisions, particularly the expected end to negative interest rates in Japan, will affect markets. He acknowledges that these events have the potential to trigger volatile asset movements but refrains from commenting on the growing expectations that the Bank of Japan (BOJ) will put
The US dollar remained near a six-week high against major currencies on Wednesday as market participants solidified their expectations that the Federal Reserve would not hastily cut interest rates due to the resilience of the US economy. Meanwhile, the Japanese yen saw a slight increase as investors anticipated a stimulus exit as early as March,
As Cuba braces itself for a new wave of economic challenges, its citizens are feeling the weight of an austerity plan that threatens to further cripple the already struggling communist-run island. With soaring budget deficits and a sluggish economy, the measures implemented by the government are expected to touch nearly every aspect of the country’s
As the Federal Reserve faced scrutiny over the trading activities of former Dallas Fed President Robert Kaplan and former Boston Fed President Eric Rosengren in 2020, the aftermath led to retirements, public skepticism, and a review of ethics rules within the central bank. Although the investigation by the Federal Reserve’s inspector general concluded without charges,
The week in Asian markets brings a series of important events and decisions that are likely to shape the region’s economic landscape. From China’s interest rate decision to the Bank of Japan’s policy announcement, investors are eagerly awaiting these crucial events with hopes of favorable outcomes and market relief. However, uncertainties prevail as both the
IDFC FIRST Bank, a leading bank in India, has announced impressive financial results for the third quarter of the fiscal year 2024. The bank has recorded a notable 18% increase in net profit, reaching Rs 716 crore. This significant growth can be attributed to the bank’s strong performance in net interest income (NII) and fee
The S&P 500 stock index reached a new record high on Friday, signaling hopes for lower interest rates and showing resilience in economic growth. With a closing record high of 4,839.81, surpassing the previous closing high of 4,796.56 set on January 3, 2022, the benchmark index confirmed its status as being in a bull market
Brazil’s fiscal deficit has been a cause for concern among market players, as skepticism grows regarding President Luiz Inacio Lula da Silva’s ability to fulfill his promise of eliminating the deficit. Despite increased spending on social measures, the government’s fiscal goals are still in question. This article will analyze the latest report from the federal
The latest data on U.S. manufacturing reveals that the sector continues to face significant challenges, hindered further by recent strikes and interest rate hikes. Despite slight improvements in some areas, the overall performance of the manufacturing industry remains lackluster. This article explores the struggles and weaknesses experienced by U.S. factories, shedding light on the obstacles