Bloomberg Australia’s central bank (RBA) is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation. Most economists and traders see the Reserve Bank lifting its cash rate by a quarter-point on Tuesday to 3.35%, ...

Bloomberg The Hong Kong dollar is rapidly heading toward the weak end of its trading band against the greenback as traders sell the currency to buy higher-yielding US assets. The local exchange rate is one of the worst performers worldwide in the past two months with a 0.74% drop against the US dollar, and last traded at HK$7.8473. Depreciating past ...

Bloomberg The European Central Bank (ECB) should actively fight inflation until people feel price stability in their everyday lives, according to Governing Council member Robert Holzmann. “The risk of over-tightening seems dwarfed by the risk of doing too little,” Holzmann told a conference Monday in Budapest. “Monetary policy must continue to show its teeth until we see a credible convergence ...