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Central banks
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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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US-China relations
US-China split on digital money deepens as stablecoin debate stalls Clarity Act
Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.
20 Mar 2026 - 1:22AM
Banking & finance
China’s central bank pledges stability in capital markets amid global sell-off
19 Mar 2026 - 9:30PM
Banking & finance
How China opened the door to creating a direct rival to US payment systems
19 Mar 2026 - 10:00AM
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Hong Kong Monetary Authority (HKMA)
HKMA warns of interest rate uncertainty amid Middle East conflict
HKMA leaves city’s base rate untouched at 4 per cent, as HSBC, Standard Chartered and BOCHK keep prime lending and saving rates unchanged.
19 Mar 2026 - 5:19PM
United States
US Fed defies Trump to keep interest rates unchanged amid Iran war concerns
Spiking oil prices could fuel inflation and curb growth, even as the US president repeatedly calls for rate cuts.
19 Mar 2026 - 2:52AM
Stocks
South Korea and Japan bear brunt of global stock sell-offs amid oil shock
South Korea and Japan lead global market declines – with losses steeper than in Europe – as oil shock underscores their reliance on imports.
17 Mar 2026 - 7:30AM
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United States
Trump administration urges judge to revisit ruling blocking Powell subpoenas
A federal judge had ruled on Friday that a DOJ investigation into Powell was intended to pressure the Fed chairman to lower interest rates.
17 Mar 2026 - 3:13AM
United States
Judge quashes subpoenas of Fed chair, says probe was ‘politically motivated’
A ‘mountain of evidence’ suggests the subpoenas were to pressure Jerome Powell to obey Trump’s demands to cut interest rates, the judge says.
14 Mar 2026 - 4:17AM
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Hong Kong economy
Exclusive
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Hong Kong tipped to be world’s top financial hub amid global yuan expansion plan
National People’s Congress deputy Li Yinquan says Hong Kong to gain substantially from Beijing’s push to internationalise yuan’s reach.
10 Mar 2026 - 4:39PM
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China stock market
Trump’s Fed pick Warsh stokes uncertainty as investors weigh his policy shifts
US Treasuries have been falling recently, partially reflecting investor concerns that Warsh’s succession will slow rate reductions.
8 Mar 2026 - 9:30AM
Yuan
Beijing vows yuan stability, fires back at currency-depreciation claims
PBOC governor reaffirms yuan stability, refuting trade partners’ accusations ahead of critical US talks in Paris.
6 Mar 2026 - 8:00PM
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Two Sessions 2026
8 takeaways from the economic briefing at China’s ‘two sessions’
China’s top economic officials laid out their priorities for trade, technology and investment in 2026.
6 Mar 2026 - 6:57PM
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Banking & finance
How China’s sovereign debt is becoming a real alternative to US Treasuries
Beijing is now offering dollar-denominated sovereign bonds at rates matching equivalent US Treasuries – and investors are snapping them up.
4 Mar 2026 - 4:00PM
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Hong Kong stock market
Oil surge stokes inflation fears as Middle East flashpoint rattles markets
Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.
4 Mar 2026 - 5:11PM
Yuan
As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak
Regulators refine cross-border rules and cut the foreign exchange risk reserve ratio for forward forex sales to zero, aiming to provide stable offshore liquidity and help firms manage risks.
27 Feb 2026 - 6:36PM
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Brics
Why Brics can’t do away with US dollar even as currency cooperation rises
Brazil says there has been no proposal or talks within Brics to create a common currency across the bloc.
25 Feb 2026 - 4:26PM
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Banking & finance
Why China’s rise as a ‘financial superpower’ could depend on Hong Kong
From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.
26 Feb 2026 - 6:07PM
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Hong Kong budget 2026-27
Hong Kong budget 2026-27: should the coming blueprint boost yuan’s global push?
Experts say Hong Kong has ‘distinct advantages’ that can support the country’s financial development amid geopolitical uncertainties.
23 Feb 2026 - 9:56AM
Banking & finance
Opinion
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Why the Fed credibility crisis will hit emerging markets harder
As confidence in US monetary stewardship falters, inflation risks rise and capital flows become more volatile. Emerging markets with fewer policy buffers will bear the brunt.
22 Feb 2026 - 4:30PM
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United States
US inflation cools more than expected, kindling hopes of Fed rate cut
The consumer price index rose 2.4 per cent year-on-year, the lowest level since May, though affordability concerns still weigh on households.
14 Feb 2026 - 12:57AM
Banking & finance
China lets yuan rise to strongest level in years as de-dollarisation trend grows
China’s central bank sets the yuan’s midpoint rate at its strongest level since mid-2023, as jitters over the US dollar buoy the Chinese currency.
11 Feb 2026 - 4:11PM
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US-China relations
US seeks fair China competition, looks to realign Latin America ties
Scott Bessent says Washington wants to reduce security risks without decoupling from Beijing as it steps up engagement across Latin America.
11 Feb 2026 - 6:16AM
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Banking & finance
Macroscope
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Trump-Takaichi meddling in finance spells more turbulence ahead
The two leaders’ moves into economics despite their lack of knowledge threaten to further destabilise global finance and inflate debt levels.
7 Feb 2026 - 4:30PM
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China trade
UK, China boost financial ties, deepen London’s role as offshore yuan hub
New pact designates a new yuan clearing bank, boosts cross-listings and expands green finance, accelerating the international use of China’s currency.
6 Feb 2026 - 10:43PM
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Banking & finance
China’s new golden rule: dig deeper mines, boost reserves and hedge global risks
China Gold Association vows tech breakthroughs in deep mining and nanogold, and a state-owned miner seeks a fourfold increase in gold output from mineral deposits.
5 Feb 2026 - 9:00PM
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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?
A lower house election victory would give flight to Prime Minister Takaichi’s fiscal expansionism – and introduce upheaval far beyond Japan.
31 Jan 2026 - 5:41PM
Banking & finance
Opinion
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Central banks are propelling a 21st century global gold rush
The world must choose between believing in the authority of central banks to decide the worth of fiat currencies or trusting in gold as a store of value.
31 Jan 2026 - 11:37AM
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