News & Insights Across Asia
China has reduced its benchmark lending rates to stimulate the economy, lowering both the one-year and over-five-year loan prime rates. The move aims to reduce financing costs and bolster economic growth.
The U.S. Federal Reserve’s decision to maintain high interest rates continues to strain the global economy, with emerging markets facing currency depreciation and liquidity challenges.
Stephen Innes of SPI Asset Management urges the Federal Reserve to reconsider its rate hike policies, highlighting the need to account for global economic recovery and prevent potential currency crises.
China’s central bank keeps benchmark lending rates unchanged in May, maintaining the one-year LPR at 3.45% and the over-five-year LPR at 3.95%. Experts highlight potential impacts on the real estate market.
U.S. inflation surge poses significant risks to global economies, particularly impacting developing nations through high interest rates and economic instability.
The European Central Bank has held its key interest rates steady at record highs, signaling a cautious approach amid global economic uncertainties.
The Bank of Japan has ended its negative interest rate policy with its first rate hike in 17 years, signaling a significant shift from its longstanding monetary easing to combat deflation.
China’s over-five-year loan prime rate (LPR), which influences mortgage rates, has been reduced to 3.95% from 4.2%, while the one-year LPR remains at 3.45%.
Australia’s central bank holds interest rates steady at 4.35%, maintaining a 12-year high amid ongoing inflation concerns and signaling possible future hikes.
The U.S. Federal Reserve’s decision to keep interest rates high has sparked recession concerns. Experts warn that sustained high rates could pose significant risks to the U.S. and global economies.