Korea Pushes Back Against U.S. Over Currency, Sees China Risk
Korea Pushes Back Against U.S. Over Currency, Sees China Risk
South Korea pushed back against U.S. pressure over its foreign exchange policy and current account surplus, with the central bank governor maintaining that the nation only acts to check extreme swings in the won.
Bloomberg
Bloomberg
ECB Can Renew Free Loans to Banks If Needed, Council Member Says
ECB Can Renew Free Loans to Banks If Needed, Council Member Says
The European Central Bank could consider renewing its offer of free long-term liquidity to lenders though it shouldn’t turn it into a permanent measure, a Governing Council member said.
Bloomberg
Bloomberg
Australia Lenders Risk Heavy Hit If Fed Hurries Rate Hikes
Australia Lenders Risk Heavy Hit If Fed Hurries Rate Hikes
The prospect that interest rate increases by the Federal Reserve will drive up bank funding costs looms particularly large about 15,000 kilometers away in Australia.
Bloomberg
Bloomberg
ECB Rate Hike in 2019 Not an Absurd Expectation, Weidmann Says
Investor expectations for an interest-rate increase by the European Central Bank in 2019 aren’t totally unjustified as downside risks to the economic outlook recede, according to Bundesbank President Jens Weidmann.
Bloomberg
Bloomberg
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Local Consumption Still Key to Japan's Growth
What are the factors behind Japan's slow growth of personal consumption?
The News Lens
The News Lens
Mnuchin Signals No Urgency to Brand China a FX Manipulator
Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets to determine if the U.S.’s largest trading partner is cheating.
Bloomberg
Bloomberg