Australia’s central bank held rates at an all-time low of one percent on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will compel it to cut again before year-end.
British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as part of its half-yearly assessment of financial risks.
The Bank of Japan does not need to ramp up monetary stimulus for now as a moderate recovery is expected later in the year but should be ready to loosen policy further if external pressure on the economy intensifies, board member Yukitoshi Funo said on Wednesday.
Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.
Chairman of Pakistan National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs, Asad Umar, on Wednesday welcomed the proposal made on the establishment of a joint Iran-Pakistan bank.
Deutsche Bank is planning to overhaul its trading operations by creating a ‘bad bank’ to hold tens of billions of euros of assets and shrinking or shutting its US equity and trading businesses, the Financial Times reported on Sunday.
Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.