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Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way

May 09, 2021 09:21 am UTC| Economy Central Banks

Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...

The Bank of Canada must seize the pandemic moment and do more for Canadians

May 09, 2021 09:17 am UTC| Economy Central Banks

The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Nov 19, 2020 17:30 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its overnight reverse repurchase rate by 25 basis points to 2 percent. The curt was linked to unfavourable external and domestic factors, such as elevated global uncertainty,...

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Nov 19, 2020 16:25 pm UTC| Commentary Central Banks

Indonesian central bank lowered its key policy rate by 25 basis points to 3.75 percent. Todays cut is the first since July. The decision to cut rate reflects a desire to help the economic rebound and comes on the back of a...

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Economy

Amazon seeks to invest in SK Telecom's non-telecom operations

Amazon is in negotiations with South Koreas SK Telecom Co. to invest in the mobile carriers non-telecom operations unit SK Square, a to be hived off next month. Amazon, the worlds largest online retailer, collaborated...

S. Korean researchers develop process that uses agri-waste to produce biofuels, plastics

The Korea Institute of Energy Research (KIER) had developed an enzymatic process that uses agricultural waste to produce the 4-hydroxy valeric acid--an ingredient for biofuels and plastics. The KIERs enzymatic process...

France bans plastic fruit and vegetables packaging in implementing anti-waste law

France will ban plastic packaging for around 30 fruits and vegetables from January 2022 as part of efforts to implement an anti-waste law that supports the countrys transition to a circular economy. The list of fruits...

Plymouth Gin redesigns bottles to eliminate 60 tons of CO2 each year

Plymouth Gin will now be stored in a new bottle that saves 60 tons of carbon dioxide emissions each year by eliminating all single-use plastic and reducing the overall weight by 15 percent. The new bottle will roll out...

McDonald’s testing its plant-based McPlant burger in the US

McDonalds is set to test its McPlant burgers in the U.S. after a successful trial in the U.K. The new plant-based menu item was made by Beyond Meat for the restaurant chain. It was reported that McDonalds McPlant burger...

Politics

Capitol insurrection: House Committee subpoenas former Trump DOJ Assistant AG

The bipartisan committee investigating the Capitol insurrection is looking to gather more former Trump administration officials to testify regarding the efforts made by the twice-impeached former president to overturn the...

Nancy Pelosi says proposal to give Treasury authority to raise debt limit 'has merit'

Following a scramble among Democratic lawmakers to raise the debt limit a few weeks ago, Democratic lawmakers are developing an interest in getting rid of the debt limit in its current state. House Speaker Nancy Pelosi...

South China Sea: Expert warns China may start 'next global conflict' should Taiwan fall

Chinas increasing aggression towards Taiwan and the South China Sea has sparked fears of possible military conflict. An expert has since warned that the next worldwide conflict may start if China succeeds in taking control...

Capitol insurrection: Former DOJ acting attorney general testified before House Committee

The House committee investigating the Capitol insurrection of January 6 has looked to get testimonies from former Trump administration officials, especially surrounding the twice-impeached Republican presidents final weeks...

Science

France probes Nestlé, 100 other firms over bisphenol-A use

The French government is investigating 101 companies, including Nestlé, for not disclosing their use of bisphenol-A in food packaging. In its statement of objections, Frances competition authority accused the 101...

Kansai found to have more genetically predisposed coffee lovers than elsewhere in Japan

Tokyo-based genome data analysis firm Euglena found that those with rs671 genotypes of ALDH2 are more predisposed to liking coffee and more prevalent in people from the Kansai area than other parts of Japan. Euglena...

S. Korean researchers develop eco-friendly fertilizer tech using greenhouse gases

A Kyung Hee University research team had developed a new eco-friendly technology that can turn methanol generated in livestock and agricultural areas into a hormone that promotes plant growth and rooting. The technology...

S. Korean researchers to limit carbon emissions during battery manufacturing

The Korea Institute of Energy Research (KIER) will invest 11.4 billion won in developing a solvent-free process that does not emit carbon dioxide in electrode manufacturing for lithium-ion batteries. The process...

S. Korean scientists develop device that produces electricity via clothes friction, provides storage

The Korea Electrotechnology Research Institute (KERI) has developed a device that allows clothes and shoes to produce electricity using their frictional forces and to store it. The device has a self-charging...

Technology

‘Genshin Impact’ players might get Arataki Itto in version 2.3

The latest major update to Genshin Impact was just released recently, but it is understandable if many fans are already looking forward to the games next version. Developer miHoYo unveiled a couple of upcoming characters,...

MacBook Pro specs and upgrades that could be announced on October 18

Apple recently announced a launch event happening next week. While the company did not give any hint as to what products will be announced, most Apple fans are guessing it would be the new MacBook Pros. Unsurprisingly,...

Sony launches registration page for PS5 reservations

There is still an immense shortage of PS5 consoles worldwide, especially in the United States. However, Sony hopes to make PS5 reservations a little easier now that the holiday season is approaching. A new landing page...

Poco M4 Pro gets FCC certification

Xiaomi appears to be gearing up to release another smartphone that could enter the market soon. The Poco M4 Pro was recently spotted getting a certification from the Federal Communications Commission (FCC). The tech...
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