The European Central Bank and the People’s Bank of China have renewed their bilateral currency swap arrangement, extending the €45 billion facility until October 2028. Designed to give euro area banks access
In a significant move towards modernising its financial infrastructure, Japan Post Bank has announced plans to launch a digital yen (DCJPY) by the end of fiscal year 2026. This initiative comes at
Poland’s central bank is widely expected to trim its benchmark interest rate by a quarter of a percentage point this week, easing it to 4.75 per cent. The anticipated move continues a
Christine Lagarde has raised a stark warning that the credibility of global markets could be shaken if the independence of the US Federal Reserve comes under political attack. Speaking just as speculation
European banks are currently navigating a rare and lucrative phase, buoyed by favourable interest rates and strong earnings, creating what analysts are calling the “sweet spot” of banking. As of late August
The Bank of Japan is once again at the centre of attention as policymakers balance inflationary pressures with global trade uncertainty. Board member Junko Nakagawa recently cautioned that despite a trade agreement
Argentina’s central bank has sharply increased reserve requirements for lenders, lifting the benchmark ratio by 3.5 percentage points to about 45%, in a move designed to steady financial markets unsettled by corruption
Credit Suisse surprised analysts with a stronger-than-expected profit performance, signalling resilience amid ongoing market volatility. The Swiss banking giant reported gains that outpaced guidance, reflecting effective cost management, strategic investment decisions, and
At the 2025 Jackson Hole Economic Symposium, Bank of England Governor Andrew Bailey placed the spotlight on the UK’s labour market as a defining challenge for long-term growth. He warned that a
The U.S. banking sector is facing a pivotal moment as Federal Reserve Vice Chair for Supervision Michelle Bowman urged institutions to move beyond their “overly cautious mindset” and fully engage with financial
