Bloomberg China’s central bank looks set to withdraw cash from its financial system in a sign that it’s moving towards normalising monetary policy as major global peers are forcefully raising interest rates. The People’s Bank of China (PBOC) slashed its daily short-term liquidity operation to 3 billion yuan ($447 million) this week, the smallest amount since January 2021. At ...

  Bloomberg The Bank of England (BOE) said a $2 trillion plunge in the value of cryptoassets underscores vulnerabilities in the market and the need for tougher law enforcement and regulation. The market capitalisation of digital assets has tumbled to about $900 billion from a peak of almost $3 trillion in late 2021, the BOE’s Financial Policy Committee said. The ...

  Bloomberg Inflation forecasting errors may have risen in India due to climate change, impacting food as well as fuel inflation, and that may require more rate hikes from the central bank to anchor prices, according to HSBC Holdings Plc. “Although inflation in India has always been susceptible to supply shocks, climate change-induced surprises are making it more volatile and ...