Reserve Bank of Australia keeps interest rates steady
The Reserve Bank of Australia kept the interest rate unchanged at 4.10, contrary to market expectations for a recent rate hike.
The Reserve Bank of...
Industrial production in Japan grew below expectations
In June, industrial production increased by 2.0 percent compared to the previous month, according to seasonally adjusted data. Economists had expected a 2.4 percent...
Surprise bond operation in Japan
The Bank of Japan showed that it wanted a slow rise in yields with a surprise bond purchase operation.
The Bank of Japan (BOJ), which...
Inflation in Tokyo exceeded expectations
The Consumer Price Index (CPI) in Tokyo rose to 3.2 percent in July.
The consumer price index in Tokyo, the capital of Japan, increased by...
Surprise yield control move from the Bank of Japan
While deciding to keep the BOJ's benchmark interest rate at minus 0.10 percent, made an unexpected move in yield control.
Although the Bank of Japan...
Inflation continues to fall in Australia
Australia's inflation rate slows to 6 percent for the second quarter in a row.
Australia's consumer price index rose 6 percent year-on-year in the second...
South Korea’s economy grew by 0.9 percent in the second quarter
South Korea's GDP grew by 0.9 percent in the first quarter of 2023.
South Korea's gross domestic product grew by 0.9 percent year-on-year in the...
Record profit from the Russian banking sector in the first half of the year
The Russian Central Bank reported that the net profit of the Russian banking sector rose to 1.7 trillion rubles (approximately $19 billion) in the...
Sri Lanka considers using Indian rupee
Struggling with the worst economic crisis in its history, Sri Lanka announced that it is considering allowing the Indian rupee to be used in...
Japan’s chip restrictions against China come into effect
Japan has implemented restrictions on the export of 23 materials used in chip making. The said restrictions aim to limit China's production of high-tech...