China to publish detailed economic policy steps in early September

BEIJING – China said it will publish detailed steps for newly announced economic policy measures in early September, suggesting an urgency for policymakers to revive the sluggish economy amid a resurgence of Covid-19 and an embattled property sector. The government will lay out detailed plans to implement the 19 new policies it announced last week […]

Fed seen slowing on rate hikes as US inflation eases, but policymakers say more is needed

WASHINGTON (REUTERS) – Slowing US inflation may allow Federal Reserve policymakers to downshift their most aggressive round of monetary policy tightening in decades when they meet next month, though data on tap in coming weeks could still change the picture. After a US Labor Department report on Wednesday (Aug 10) showed consumer prices didn’t rise […]

MAS tightens Singdollar policy again in off-cycle move to slow inflation momentum

SINGAPORE – The Monetary Authority of Singapore (MAS) again boosted its support for the Singapore dollar in an off-cycle policy decision on Thursday (July 14) to cool inflation that is expected to rise faster than previously anticipated. MAS said it will recentre the midpoint of its Singapore dollar nominal effective exchange rate (S$Neer) policy band up to its […]

China’s central bank vows to keep policy supportive to aid economic recovery

BEIJING (BLOOMBERG) – The People’s Bank of China (PBOC) pledged to keep monetary policy supportive to aid the economy’s recovery, while signalling that stimulus would likely focus on boosting credit rather than lowering interest rates. In a rare interview conducted in English with a state broadcaster, PBOC governor Yi Gang said policy “will continue to […]