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Central banks
News about policymaking in the world’s major central banks with a focus on the People’s Bank of China, the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.
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Banking & finance
Letters
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As US dollar weakens, time to rethink Hong Kong dollar peg?
Readers discuss the dollar peg amid geopolitical volatility, an AI proposal for student well-being, public reactions to bus seat belts, and the viability of the cinema industry.
2 Feb 2026 - 11:30AM
Japan
Macroscope
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Could Japan stop being the ballast of the bond market?
31 Jan 2026 - 5:41PM
Banking & finance
Opinion
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Central banks are propelling a 21st century global gold rush
31 Jan 2026 - 11:37AM
Hong Kong economy
Editorial
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Hong Kong cannot take its Exchange Fund’s stellar year for granted
The fund posted a record gain last year, boosting the Hong Kong government’s fiscal health, but global headwinds must be heeded.
31 Jan 2026 - 6:46AM
United States
Trump picks former Federal Reserve official Kevin Warsh to chair US central bank
The nomination comes as economic issues – from tariffs to affordability – dominate the policy agenda ahead of the November midterm elections.
31 Jan 2026 - 6:29AM
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US Federal Reserve
Before Trump’s Fed pick, a new clear favourite emerges for chair
Betting markets show shiny odds for a former governor, with a prominent asset manager trailing a distant second as the announcement looms.
30 Jan 2026 - 7:14PM
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Indonesia
Indonesia scrambles to halt US$80 billion market crash as rupiah hits record low
Concerns over fiscal policy and transparency sparked a sell-off, as Indonesian stocks plunged 8 per cent in just two days.
29 Jan 2026 - 7:13PM
Commodities
Runaway gold: why even Wall Street can’t keep up with the metal’s record ascent
Some Chinese funds halt subscriptions as uncertainty fuels volatility in the metals market, while Hong Kong’s first gold exchange-traded fund surges on its debut.
29 Jan 2026 - 7:26PM
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Interest rates
HKMA warns of risks as Hong Kong follows Fed in keeping interest rate unchanged
Analysts see the first US rate cut in June, with a falling Hong Kong interbank rate set to bring relief to borrowers.
29 Jan 2026 - 12:54PM
United States
US Federal Reserve holds interest rates steady, defying Trump pressure
The US president had been pushing for cuts at the central bank’s first policy gathering this year.
29 Jan 2026 - 3:33AM
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Indonesia
Bank Indonesia’s autonomy under scrutiny as Prabowo’s nephew joins leadership
Thomas Djiwandono’s appointment as deputy governor has made it seem ‘as if power at Bank Indonesia is inherited’, some analysts say.
28 Jan 2026 - 7:30PM
Banking & finance
Trump says the US dollar can move like a yo-yo. Will Treasuries be left hanging?
With the US president levelling threats at enemies, allies and his own central bank, alternatives like gold and Chinese assets are gaining appeal.
28 Jan 2026 - 11:18AM
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Hong Kong Monetary Authority (HKMA)
China’s central bank to support doubling of yuan liquidity for Hong Kong lenders
PBOC to increase yuan facility to US$28.68 billion and issue more sovereign yuan bonds to enhance city’s role as yuan hub, official says.
26 Jan 2026 - 6:23PM
Commodities
Gold surge has analysts eyeing new highs after US$5,100 record
Safe-haven demand spikes amid de-dollarisation fears and supply-chain tensions, as gold buyers seek stability against growing macro uncertainties.
26 Jan 2026 - 3:07PM
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Hong Kong Monetary Authority (HKMA)
How lower US interest rates can help Hongkongers amid steady local prime rates
Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority’s deputy chief says.
26 Jan 2026 - 11:30AM
China economy
Opinion
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Talk of digital yuan challenging dollar dominance misses real power shift
China is merely building parallel capabilities. Whether the systems remain complementary or become competitive depends on how others respond.
26 Jan 2026 - 5:30AM
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Yuan
China lets yuan break through 7 per US dollar mark as dollar jitters grow
China’s central bank set the yuan fixing rate at under 7 per US dollar for the first time since mid-2023 as concerns over dollar assets mount.
23 Jan 2026 - 1:19PM
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China trade
China should leverage buying power to boost yuan’s use, former PBOC adviser says
With the yuan’s fixing at fresh 2023 highs and US dollar uncertainty rising under Trump, Beijing is urged to expand yuan-settled imports to internationalise its currency.
21 Jan 2026 - 1:36PM
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Indonesia
Bank Indonesia independence questioned as Prabowo nominates nephew to board
Thomas Djiwandono’s nomination comes amid fears that monetary policy autonomy may fall victim to the president’s ambitious economic targets.
19 Jan 2026 - 3:41PM
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Banking & finance
China to cut relending rates, widen credit support for private sector and tech
Beyond the central bank’s rate cuts that take effect Monday, authorities will work to lower the minimum down payment for commercial property purchase loans to 30 per cent.
15 Jan 2026 - 6:53PM
New Zealand
New Zealand central bank chief scolded for poking nose in Trump-Fed feud
Foreign Affairs Minister Winston Peters reminded Anna Breman to ‘stick to domestic monetary policy’.
14 Jan 2026 - 4:10PM
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Yuan
China’s PBOC sets onshore yuan fixing at strongest point in nearly 16 months
Analysts note how Beijing’s policy goals, such as internationalising China’s currency and curbing overcapacity, are aligning with a firmer exchange rate.
13 Jan 2026 - 2:00PM
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China-Latin America relations
Argentina’s Milei plans 2026 China trip despite US pressure on ties
Leader cites China as a key trade partner, underscoring a sharp shift from his 2023 campaign attacks to a more pragmatic stance.
13 Jan 2026 - 4:36AM
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Donald Trump
Trump-Powell conflict over Fed escalates with threat of criminal indictment
Jerome Powell calls legal threats against him pretexts to pressure the US Fed over policy.
12 Jan 2026 - 2:50PM
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Indonesia
Indonesia eyes 6% growth in 2026, as a youth jobs ‘time bomb’ ticks
Economists have cast doubt on the ‘optimistic’ target as educated youth struggle to find work and manufacturing lay-offs neared 80,000.
11 Jan 2026 - 8:32AM
Chinese offshore investment
How China’s global investment model is changing – and what it means for the yuan
The trade war, weak domestic demand and stronger policy support push more firms to invest overseas, with growing implications for currency.
10 Jan 2026 - 2:00PM
United States
US says Argentina has ‘fully repaid’ currency lifeline
Treasury Secretary Scott Bessent says the loan is paid in full, netting millions in profit for the US while stabilising Javier Milei’s government.
10 Jan 2026 - 2:53AM
China's economic recovery
China cautions against ‘compound errors’ from clashing policies
Party mouthpiece calls for better coordination and market guidance as 15th five-year planning period begins, warning conflicting rules unsettle investors.
9 Jan 2026 - 8:30PM
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