Monthly archive September, 2021

China maintained its benchmark loan prime rates for the 17 consecutive month, as widely expected. The one-year loan prime rate was kept unchanged at 3.85 percent and the five-year LPR at 4.65 percent. The one-year and five-year loan prime rates Read More →

The Bank of Japan kept its monetary policy stimulus unchanged on Wednesday, ahead of next week's presidential election of the ruling Liberal Democratic Party to select a successor to the outgoing Prime Minister Yoshihide Suga. The board, governed by Haruhiko Read More →

The National Association of Realtors released a report on Wednesday showing a pullback by U.S. existing home sales in the month of August. NAR said existing home sales slumped by 2.0 percent to an annual rate of 5.88 million in Read More →

Citing progress towards it goals of maximum employment and price stability, the Federal Reserve hinted Wednesday that tapering of the central bank's asset purchases could begin in the near future.Original Article Read More →

The U.S. dollar firmed against its major rivals on Wednesday after the Federal Reserve hinted that tapering of the central bank's asset purchases could begin in the near futures.Original Article Read More →

The Asian Development Bank raised its economic growth projections for the next year but signaled divergence in the recovery paths among regional economies. In its latest Asian Development Outlook 2021 Update, released Wednesday, the ADB said developing Asia will expand Read More →