Financial markets
A recent survey by the Central Bank of Nigeria (CBN) has revealed that a significant majority of respondents, 65.8 percent, are in favour of the monetary authority cutting interest rates. However, financial market analysts and chief executives of microfinance institutions expect the CBN's Monetary Policy Committee (MPC)
Cabinet officials
At the third G20 Finance Ministers and Central Bank Governors Meeting in Durban, South Africa, Vice Minister of Finance Liao Min emphasized the importance of respecting economic development laws, upholding multilateralism, and promoting inclusive economic globalization. Liao Min introduced China's steady economic progress, which has brought stability to
Cabinet officials
G20 finance ministers, meeting in South Africa, have finally agreed on a joint statement following months of criticism from US President Donald Trump. In their statement, they emphasized the importance of central bank independence, a major point of contention with Trump. The statement comes as the global economy faces various
Cabinet officials
Pakistan made a strong pitch to Moody's, a global credit rating agency, for an upward revision in its credit rating, citing significant strides in stabilizing its economy and laying the foundations for sustainable and inclusive growth. During a session with Finance Minister Muhammad Aurangzeb, Moody's inquired
Cabinet officials
As international tensions escalate and global economic growth slows, Australian Parliamentary Secretary to the Minister for Industry will join other G20 nations for a critical meeting in Durban, South Africa. This gathering comes as a time of heightened uncertainty and risk, with conflict in the Middle East and Eastern Europe,
Financial markets
As President Donald Trump expressed a desire to remove Federal Reserve Chair Jerome Powell before his term ends in May 2026, citing dissatisfaction with the Fed's renovation expenditures and rate policies, the financial markets recoiled in shock. Trump's plan, which was met with a public walk-back,
Financial markets
The ongoing saga between US President Donald Trump and Federal Reserve Chair Jerome Powell has escalated with the White House launching a pressure campaign against Powell over a $2.5 billion renovation of the Federal Reserve's headquarters. Trump has repeatedly stated he has no intention of firing Powell,
Financial markets
Financial markets appear to have grown increasingly desensitized to President Trump's tariff threats, even as the administration's trade policies and attempts to politicize the Federal Reserve continue to spark controversy. Analysts suggest that while the TACO trade – a strategy in which investors buy the dip in
Financial markets
Since the launch of the euro in 1999, the European Central Bank has continuously evolved TARGET Services, which form the backbone of Europe's financial market infrastructure. Comprising T2, TARGET2-Securities (T2S), TARGET Instant Payment Settlement (TIPS), and the Eurosystem Collateral Management System (ECMS), these services facilitate the free flow
Cabinet officials
Pakistan's economy is showing signs of stability, said Finance Minister Muhammad Aurangzeb, citing the removal of structural barriers and improvement in economic indicators. The government's steps have begun yielding results, with positive indicators such as the repatriation of $2.3 billion in profit by multinational companies
Economic growth
South Korea's Bank of Korea has kept its benchmark interest rate unchanged at 2.5% to ensure financial stability, despite rapid growth in house prices and household debt. The decision was widely expected by the market, and comes after the central bank cut interest rates by 25 basis
Economic growth
The Bank of Korea, South Korea's central bank, kept its benchmark interest rate unchanged at 2.5 percent, taking a cautious approach amidst concerns about rapidly rising housing prices, growing household debt, and uncertainties stemming from the United States' tariff policy. The decision, which was widely expected,
