BLOOMBERG  China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery. The People’s Bank of China (PBOC) lowered the seven-day reverse repurchase rate by 10 basis points to 1.9% on Tuesday, the first reduction in …

BLOOMBERG  India’s disinflation process is “likely to be slow and protracted” and the central bank may meet its 4% target only in the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. “The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully,” Governor Das said …

BLOOMBERG  Indians will probably sell a record amount of used gold jewelry this year to take advantage of a surge in domestic prices of the precious metal, according to the World Gold Council. If local prices continue to rise, recycled bullion sales are expected to jump more than 20% and match the previous high of 119.5 tons set in 2019, …