Economy

Recently, New Zealand's central bank announced new rules that will limit how much housing finance lenders can provide for borrowers looking to take on high levels of debt relative to their incomes. This decision comes as policymakers aim to reduce default risk in the country's volatile housing market. Implementation Date for the Rules According to
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The upcoming week will see a focus on inflation data coming out of the United States. The personal consumption expenditures (PCE) price index, a key gauge of inflation favored by the Federal Reserve, is set to be released on Friday. This data will provide important insights into the direction of interest rates for the remainder
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The current situation in Russia poses growing risks for European banks, as highlighted by U.S. Treasury Secretary Janet Yellen. Operating in Russia not only creates reputational challenges but also involves navigating through a complex web of sanctions and regulations. Yellen mentioned that the United States is considering strengthening its secondary sanctions on banks that engage
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Argentine President Javier Milei has announced plans for a “significant” tax reduction in an effort to reduce state intervention in the country's economy. Facing a prolonged economic crisis with soaring inflation rates, Milei is urging Congress to approve a series of economic reforms aimed at stimulating investments and revitalizing the economy. Despite his ambitious plans,
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South Korea's central bank recently decided to maintain interest rates at a 15-year high, citing concerns over inflationary pressures despite stronger-than-expected economic growth. The Bank of Korea Governor, Rhee Chang-yong, emphasized the need to keep policy restrictive to combat sticky inflation and sustain economic stability. This decision reflects the delicate balance between supporting growth and
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The London Stock Exchange is set to see the launch of exchange-traded products (ETPs) backed by cryptocurrencies, marking a significant development in the world of digital assets. WisdomTree and 21Shares have announced their plans to introduce these innovative financial products, following approval from the UK's financial regulator. In a move that signals growing acceptance of
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The People's Bank of China (PBOC) chose to keep its benchmark loan prime rate (LPR) unchanged, aligning with popular expectations. This decision was made despite ongoing efforts by Beijing to introduce other forms of stimulus to bolster the economy. The one-year LPR was maintained at 3.45%, while the five-year rate, crucial in determining mortgage rates,
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