Recent Posts

China forex reserves up as dollar weakness continues

BEIJING / Reuters China’s foreign exchange reserves rose slightly in March as broad US dollar weakness continued and escalating trade tensions between the world’s two largest economies bolstered expectations of a firmer Chinese currency. Reserves rose $9 billion in March to $3.143 trillion, compared with a drop of $27 billion in February, central bank data showed on Sunday. Economists polled ...

Read More »

Fed’s Evans optimistic on inflation, wants rate hikes

CHICAGO / Reuters Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropriate. “Fiscal policy has been much more supportive of further growth and so the need for accommodative monetary policy is less than ...

Read More »

Thai central bank governor says accommodative policy needed

Bloomberg Thailand’s monetary policy should remain accommodative to nurture the economic recovery and as inflationary pressure remains weak, central bank Governor Veerathai Santiprabhob said. Thailand is still in the “early stage of a recovery of domestic demand,” Veerathai said in an interview with Bloomberg TV in Singapore. The most important factor in deciding policy is inflation pressure, followed by the ...

Read More »
Send this to a friend