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Central Banks

Sat, Nov 08, 2025 02:16 PM All times are UTC

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RBNZ Delivers Aggressive Rate Cut Amid Economic Challenges

Oct 08, 2025 03:04 am UTC| Central Banks Insights & Views

Markets were surprised when the Reserve Bank of New Zealand (RBNZ) bravely decreased the Official Cash Rate (OCR) by 50 basis points, hence lowering it to 2.5%. Contrary to predictions from many economists forecasting a...

New Zealand Central Bank Cuts Interest Rate to 2.5% Amid Economic Weakness

Oct 08, 2025 02:47 am UTC| Economy Central Banks

New Zealands central bank shocked some analysts by slashing its benchmark interest rate by 50 basis points to 2.5%, signaling deep concern over the countrys sluggish economic recovery. The Reserve Bank of New Zealand...

RBI's Steady Stance: Repo Rate Holds Firm Amid Growth Surge

Oct 01, 2025 12:29 pm UTC| Central Banks Insights & Views

Resisting calls for a 25 basis point cut, the Monetary Policy Committee (MPC) of the Reserve Bank of India chose to hold the repo rate at 5.5%. Following earlier 2025 cuts of 100 basis points that reduced rates from 6.5%....

RBI Holds Interest Rates Steady Amid Trade Tariff Uncertainty

Oct 01, 2025 04:58 am UTC| Central Banks Economy

The Reserve Bank of India (RBI) has kept its benchmark interest rate unchanged at 5.5% during its latest monetary policy review, maintaining a neutral stance as the economy grapples with growing global trade headwinds. The...

Thailand’s New Central Bank Governor Vows Independence Amid Economic Challenges

Oct 01, 2025 04:44 am UTC| Economy Central Banks

Thailands newly appointed central bank governor, Vitai Ratanakorn, pledged to safeguard the independence of the Bank of Thailand while working closely with the government to address the nations mounting economic...

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Amid Persistent Inflation

Oct 01, 2025 02:47 am UTC| Central Banks Economy Insights & Views

Dallas Federal Reserve President Lorie Logan has cautioned against aggressive interest rate cuts, warning that inflation remains too stubborn and economic demand too resilient to justify rapid monetary easing. Speaking at...

Reserve Bank of Australia Holds Cash Rate Steady at 3.60% Amid Inflation Concerns

Sep 30, 2025 04:50 am UTC| Economy Central Banks

The Reserve Bank of Australia (RBA) announced on Tuesday that it will keep its cash rate unchanged at 3.60%, aligning with market expectations. Wrapping up a two-day policy meeting, the central bank highlighted that while...

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Economy

YPF Reports $198 Million Q3 Loss Amid Higher Tax Expenses and Declining Revenue

Argentinas state-controlled energy giant YPF reported a net loss of $198 million in the third quarter of 2025, reversing its profit from the previous year. The company attributed the loss primarily to a significant rise in...

Nasdaq Ends Lower Amid AI Stock Selloff and Economic Uncertainty

The Nasdaq closed slightly lower on Friday, capping its steepest weekly decline since early April as investors reassessed the rapid gains in artificial intelligence (AI) and technology shares. The index dropped about 3%...

India's Auto Sector Hits High Gear: Record Sales in October 2025

Driven by GST 2.0 changes and holiday season demand, Indias car industry reached record sales in October 2025. As part of the Viksit Bharat by 2047 plan, the governments lowering of GST on sub-4-meter vehicles from 28% to...

Historic U.S. Government Shutdown Rattles Economy, Markets, and Crypto Sector

On October 1, 2025, the United States began its longest government shutdown in history, presently in its 37th day as of November 6, resulting from a congressional deadlock regarding healthcare subsidies. Republicans oppose...

Japan’s Reflationists Regain Influence Under Prime Minister Sanae Takaichi

Japans economic landscape is shifting as reflationist advocates of expansionary fiscal policy regain influence under Prime Minister Sanae Takaichi. Known for her support of loose fiscal and monetary policy, Takaichi has...

Politics

U.S. Senate Fails to Pass Bill to Resume Federal Worker Pay Amid Historic Shutdown

The U.S. Senate on Friday failed to advance a bill that would have restored pay for hundreds of thousands of federal employees affected by the nations longest government shutdown. The measure received 53 votes in favor and...

Donald Trump Pardons Baseball Legend Darryl Strawberry and Other High-Profile Figures

U.S. President Donald Trump has granted a presidential pardon to baseball icon and former Celebrity Apprenticecontestant Darryl Strawberry, erasing his 1995 federal conviction for tax evasion. The pardon highlights Trumps...

U.S. Airlines Face Major Flight Cuts Amid Ongoing Government Shutdown

U.S. Transportation Secretary Sean Duffy warned Friday that airlines could be forced to slash up to 20% of flights if the government shutdown continues, intensifying pressure on Congress to reach a funding deal. The...

FCC Chair Brendan Carr to Face Senate Oversight After Controversy Over Jimmy Kimmel Show

U.S. Federal Communications Commission (FCC) Chairman Brendan Carr is set to testify before the Senate Commerce Committee on December 17, following bipartisan criticism over his efforts to pressure broadcasters to remove...

Federal Unions Sue Trump Administration Over Alleged Political Loyalty Question in Job Applications

Three major federal worker unions have filed a lawsuit against the Trump administration, claiming that a newly added question in federal job applications violates the U.S. Constitution. The American Federation of...

Science

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

SpaceX’s Starship Completes 11th Test Flight, Paving Way for Moon and Mars Missions

SpaceX has successfully launched its 11th Starship rocket from Starbase, Texas, marking another milestone in Elon Musks ambitious plan to create a fully reusable spacecraft for missions to the Moon and Mars. The test...

FDA Adds Fatal Risk Warning to J&J and Legend Biotech’s Carvykti Cancer Therapy

The U.S. Food and Drug Administration (FDA) has updated the safety labeling for Carvykti, the multiple myeloma therapy developed by Johnson Johnson and Legend Biotech, to include a warning about a rare but potentially...

Trump Signs Executive Order to Boost AI Research in Childhood Cancer

U.S. President Donald Trump has signed an executive order aimed at expanding the use of artificial intelligence (AI) in pediatric cancer research. The order provides an additional $50 million in research grants to...

Eli Lilly’s Inluriyo Gains FDA Approval for Advanced Breast Cancer Treatment

Eli Lilly has announced that the U.S. Food and Drug Administration (FDA) has approved its new therapy, Inluriyo, for the treatment of advanced or metastatic breast cancer in adult patients who have already undergone prior...

Technology

Sam Altman Urges U.S. to Expand Chips Act Tax Credit for AI Growth

OpenAI CEO Sam Altman has renewed his call for the U.S. government to broaden the scope of the Chips Act tax credit, emphasizing the need to strengthen Americas position as a global leader in artificial intelligence....

Meta to Invest $600 Billion in U.S. AI Infrastructure and Job Growth

Meta Platforms has announced a massive $600 billion investment in U.S. infrastructure and job creation over the next three years, marking one of the largest corporate commitments in recent history. The tech giants primary...

Discover Not Games: The Biggest Gaming Platform Inside Telegram

Korean readers can instantly claim an exclusive in-game skin through Not Games on Telegram, available only in Korea. The reward can be accessed directly within Telegram via this dedicated link. Telegram is evolving from a...

Apple TV Faces Temporary Outage Affecting Thousands of U.S. Users

Apple TV, Apples popular streaming platform, experienced a temporary service outage on Thursday, disrupting access for nearly 14,907 users across the United States, according to the outage-tracking website...

White House Blocks Nvidia from Selling New AI Chips to China Amid Ongoing Tech Restrictions

The White House has reportedly barred Nvidia from selling its latest artificial intelligence (AI) chips to China, intensifying U.S. restrictions on the export of advanced computing technology. According to The Information,...