Singapore, Korea lead Asia’s central bank battle against inflation
Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand, as global policymakers moved quickly to prevent soaring inflation from derailing a fragile world economic recovery.
China set to loosen credit but economic woes may be too deep for quick turnaround
China's explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists say any credit loosening may not be enough to beat back the prospect of a deep economic downtrend.
Surging prices nudge Asia’s reluctant central bank hawks off the sidelines
Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers' comfort zones.
Fed policymakers lean into bigger rate hikes to fight inflation
Federal Reserve officials are doing little to downplay rising market expectations the U.S. central bank will raise interest rates by half a percentage point in May to curb the surge in inflation, but they also are not dispelling fears the tightening cycle could blow a hole in the economy and labor market.
Russia tells Google to stop spreading threats against Russians on YouTube
Russia on Friday demanded that Alphabet Inc's (GOOGL.O) Google stop spreading what it called threats against Russian citizens on its YouTube video-sharing platform, a move that could presage an outright block of the service on Russian territory.