China’s Central Bank Announces Prudent Monetary Policy Measures The People’s Bank of China (PBOC) has revealed its intention to implement precise and forceful measures as part of its macro policy adjustments. In its second quarterly meeting of the monetary policy committee, the central bank reaffirmed its commitment to exercising prudent

Pakistan has achieved a significant milestone by securing a vital $3 billion short-term financial package from the International Monetary Fund (IMF). This agreement comes as a much-needed relief for the South Asian nation, which has been grappling with the looming threat of default. The IMF announced the successful deal, and

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, recorded a year-on-year inflation rate of 3.8% in May, as per the latest data released on Friday. This figure represents a modest decrease from April’s 4.4% pace, suggesting a slight easing in inflationary pressures. Moreover, underlying core inflation,

ECB’s Confirmation of Rate Hike in July European Central Bank (ECB) President, Christine Lagarde, has recently given strong indications that the ECB will proceed with a rate hike in July. As the central bank seeks to navigate the post-pandemic economic recovery, this move aims to adjust monetary policy in response

The Bank of England recently unveiled a series of proposals aimed at reforming capital rules for insurers. These rules, known as Solvency II, were inherited from the European Union (EU) and have been subject to debate since the United Kingdom’s departure from the bloc. The proposed reforms, according to the

Sri Lanka’s central bank governor, Nandalal Weerasinghe, announced on Thursday the details of a comprehensive debt restructuring plan aimed at addressing the island nation’s massive debt burden. The plan encompasses a variety of measures, including requesting foreign investors in international sovereign bonds to accept a 30% reduction in the principal

Sri Lanka’s Debt Restructuring Plan Unveiled Sri Lanka’s central bank governor, Nandalal Weerasinghe, announced on Thursday the details of a comprehensive debt restructuring plan aimed at addressing the island nation’s massive debt burden. The plan encompasses a variety of measures, including requesting foreign investors in international sovereign bonds to accept

The International Monetary Fund’s executive board is scheduled to convene on July 12, marking a significant milestone in Zambia’s economic recovery journey. According to individuals familiar with the matter, the board meeting aims to complete the first review of Zambia’s $1.3 billion Extended Fund Facility (EFF) program. The review follows

In an effort to combat the persistent inflationary pressures within the Euro Zone, Slovenian policymaker Bostjan Vasle has expressed his support for additional interest rate hikes beyond July. This perspective aligns with a growing chorus of policymakers who argue for a more stringent monetary policy approach. The European Central Bank

Argentina’s economy ministry announced on Wednesday that the World Bank and Inter-American Development Bank (IDB) have committed to providing funds totaling more than $1 billion to support the nation’s development and energy projects. This crucial financial assistance comes at a time when Argentina faces significant challenges in restructuring its debts

Brazil’s Planning and Budget Minister, Simone Tebet, has raised objections regarding the communication strategy of the country’s central bank. Tebet suggests that the bank’s inconsistent comments on its plans for the benchmark interest rate are causing “unnecessary noise” in the market. Her statement comes in response to the central bank’s

Australia’s fiscal outlook for 2022/23 is poised for a stronger-than-expected budget surplus, Treasurer Jim Chalmers announced on Wednesday. Despite the positive news on the surplus front, concerns loom over the domestic economy as inflationary pressures and global challenges are anticipated to impede its growth. This article explores the factors contributing