economic policy News

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Economic Shifts

The People's Bank of China has kept its benchmark interest rates unchanged, with the 1-year and 5-year Loan Prime Rates remaining steady at 3.10% and 3.60%, respectively. This deci...

Bank of Korea Holds Steady: Key Interest Rate Remains at 3% Amid Market Speculations

The Bank of Korea has decided to keep its benchmark interest rate unchanged at 3%, contrary to market expectations. This decision reflects the central bank's cautious stance amid c...

Fed's Schmid Suggests Interest Rates May Be Approaching Long-Term Stability

Federal Reserve Bank of Kansas City President Jeff Schmid believes the Fed's interest rates are nearing their long-term level, advocating for a neutral policy stance and gradual ad...

Bank of Korea Governor Advocates for Economic Policy Independence from Political Influence

Bank of Korea Governor Rhee Chang-yong criticizes Cabinet members for opposing the appointments of Constitutional Court judges, emphasizing the need for economic policy independenc...

Thai Finance Minister Pushes for Another Interest Rate Cut Amid Low Inflation

Thailand's Finance Minister, Pichai Chunhavajira, pushes for another interest rate cut to align with low inflation. Despite economists predicting no change, Pichai hopes to see a r...

Small Business Optimism Reaches Peak: Insights from NFIB November Report

NFIB reports small business optimism reached its highest point since June 2021 in November, with a surge in owners expecting economic improvement and considering expansion.