Browsing: central banks

A recent Reuters poll indicates that Canada’s growing recession risk could prompt the Bank of Canada to implement at least two additional interest rate cuts this year. Economic concerns are mounting as policymakers seek to stabilize the slowing economy.

Central bank deputies from China, Japan, and South Korea convened to discuss the implications of U.S. tariffs on their economies. The meeting, reported by Reuters, highlights growing concerns over trade tensions and their potential impact on regional stability.

In today’s ForexLive Asia-Pacific FX news wrap, Bank of Japan Governor Kazuo Ueda addressed key monetary policy issues, underscoring the central bank’s commitment to maintaining its accommodative stance. His remarks influenced market sentiment, impacting the yen’s fluctuations.

The OECD warns that the Bank of Canada may have to raise interest rates by up to 1.25% in the event of a full-blown tariff war. This increase aims to combat inflationary pressures stemming from heightened trade tensions, impacting economic stability.