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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
Macroscope
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Australia’s interest rate rise signals growing hawkish stance in Asia
Reserve Bank of Australia is less an outlier than a harbinger of global monetary trends in the wake of war-induced supply shocks.
3 hours ago
Yuan
China sets yuan at strongest level in 3 years as US dollar jitters simmer
1 hour ago
The Philippines
Middle East conflict pushes Philippine inflation to 3-year high
5 May 2026 - 1:09PM
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Hong Kong Monetary Authority (HKMA)
Hong Kong Exchange Fund records smallest gain in 5 quarters amid market slump
The war chest used to defend the city’s currency takes a hit as conflicts in Middle East prompt investors to move from stocks to safer assets.
4 May 2026 - 12:48PM
Asean
Why Singapore, Thailand are among the world’s ‘happiest’ economies
Southeast Asian countries outdid larger economies in the 178-nation Hanke’s Annual Misery Index for 2025.
1 May 2026 - 8:58PM
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Commodities
Gold loses its shimmer in Asia over rising oil prices, hawkish Fed stance
Demand for the metal is likely to remain weak, with central banks not expected to cut interest rates for some time due to high energy prices.
1 May 2026 - 6:47PM
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Brics
Brics to push for intra-currency payments as ‘immunity’ against Western clout
New Delhi has to be wary of any move to challenge the US dollar as it seeks to sign an interim trade deal with Washington, analysts say.
30 Apr 2026 - 4:41PM
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Interest rates
HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear
HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.
30 Apr 2026 - 7:13PM
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United States
Powell says he’ll stay at Fed as governor, defying Trump
Outgoing chair triggers fresh clash with the White House by exercising his right to remain on the Fed board.
30 Apr 2026 - 1:57PM
Yuan
Open Questions
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Why China’s yuan faces the same ‘illusions’ that stalled the euro: Daniel Gros
Former European economic adviser says Beijing’s bid to build an international currency will hinge on leaders allowing it to fluctuate freely.
27 Apr 2026 - 10:02AM
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United States
US drops criminal probe of Fed chair Powell, likely clearing way for Warsh
Judge James Boasberg, said prosecutors had produced ‘essentially zero evidence’ to suspect Powell of a crime.
24 Apr 2026 - 11:47PM
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Stock Connect
Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions
Strategic financial corridors now bridge mainland bourses with global hubs, enabling more seamless investment through specialised fund vehicles and receipts.
24 Apr 2026 - 7:00AM
Japan
Macroscope
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Why fixing Japan’s monetary policy isn’t getting any easier
The wrong kind of inflation and the effects of the war in Iran complicate the outlook for Japanese interest rates.
23 Apr 2026 - 5:20PM
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United States
Trump’s pick for Fed chief, calls for ‘regime change’ at US central bank
The remarks were made at a contentious confirmation hearing, which took place amid a criminal probe of current chair Jerome Powell.
22 Apr 2026 - 2:26AM
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China trade
China presses IMF for quota reform, better surveillance of advanced economies
PBOC head urges IMF to ‘stand against protectionism’ amid effects from tariffs, Iran war.
20 Apr 2026 - 5:05PM
10
China digital currency
Hong Kong seen leading Asia in push to scale stablecoins, HSBC says
Interoperability and real-world applications seen as key hurdles as city looks to unlock tokenisation’s full potential.
18 Apr 2026 - 4:32PM
US-China trade war
Why the biggest threat to US dollar dominance may well be Washington itself
Economic sanctions, access to US-led banking systems are powerful tools, but overuse reduces their effectiveness over time, Congress told.
17 Apr 2026 - 4:57PM
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Yuan
China boosts overseas-loan quotas as ‘panda bond’ issuance hits record high
Beijing’s move to lift offshore-loan quotas seen helping stabilise yuan against weaker US dollar while accommodating a surge in net financing via ‘panda bonds’.
16 Apr 2026 - 8:30PM
India
Macroscope
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How the rupee’s fall shows India’s struggle to overcome vulnerabilities
While India’s economy is stronger than it was in previous sell-offs, lingering weaknesses are coming to the fore and driving new tensions.
16 Apr 2026 - 5:22PM
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Foreign exchange market
China trims US Treasury holdings as global ownership hits record
Beijing slightly pares its sovereign US debt position as private investors and certain financial hubs drive demand up.
16 Apr 2026 - 3:00PM
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China trade
Hungary’s PM-elect Magyar sends warm overture to China, vows fair play for firms
Peter Magyar pledges reforms to restore transparency and fiscal stability as Hungary shifts from Viktor Orban’s investment model.
14 Apr 2026 - 12:37AM
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Yuan
Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar ebbs
Zhou Xiaochuan, who laid the foundation for China’s currency to go global, says Beijing can capitalise on changes in the international monetary landscape.
13 Apr 2026 - 2:59PM
Banking & finance
Calls grow for HKMA to go further on stablecoins after conservative first batch
Analysts and investors say the HKMA’s cautious approach prioritises risk control, but limits Hong Kong’s digital asset ambitions.
22 Apr 2026 - 8:00PM
Pakistan
UAE pulls US$3.5 billion from Pakistan after Iran war mediation
As Abu Dhabi signals its displeasure with Islamabad, analysts say other indebted partners will be watching closely.
11 Apr 2026 - 12:18PM
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Banking & finance
Data errors push Xin Hua Fund into spotlight after rare central bank warning
The incident marks an unusual intervention by the People’s Bank of China, which typically leaves oversight of mutual funds to the securities regulator.
9 Apr 2026 - 5:45PM
Banking & finance
As France pulls gold from the US, how can China become the next global gold hub?
Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.
8 Apr 2026 - 8:00PM
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Hong Kong economy
Letters
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Hong Kong is not competing with US stablecoins or the digital renminbi
Readers discuss the city’s stablecoin ambitions, the use of e-payments, and the role eHealth could play in stroke prevention.
7 Apr 2026 - 11:30AM
Yuan
China’s yuan may be going global faster than Western data suggests, analysts say
Many yuan transactions are now routed through China’s own global payment system, which often does not show up in traditional data sets, analysts say.
6 Apr 2026 - 11:00PM
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