Central Banks
Chicago Fed chief says no conflict with Treasury on debt policy
Austan Goolsbee says Treasury’s debt actions align with broader U.S. economic goals and won’t clash with Fed policy decisions.
U.S. Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells finance leaders that economic expansion is the primary solution to unsustainable global debt levels, citing post-crisis and pandemic-era borrowing. G20 meeting in Asheville, North Carolina, begins Monday.
White House restricts large-scale foreign electrical equipment imports
Order targets equipment above 69kV, barring imports from entities linked to covered foreign jurisdictions. Citi sees moderate upside for Siemens Energy.
Swiss mortgage reference rate held at 1.25% in September
The Swiss Federal Office for Housing left the key mortgage reference rate unchanged at 1.25% as widely anticipated, with no near-term decline expected under current conditions.
UBS warns Swiss bank capital rules could add $13 bln in costs
Swiss bank regulator proposals would increase Tier-1 capital requirements by $13 billion, on top of existing burdens, UBS says. Industry and authorities criticize the plan as excessive and impractical.
UBS warns Swiss AT1 capital demands could rise $13 bln under WAK-S proposal
Bank estimates 13 billion USD in additional Tier-1 capital if WAK-S commission’s draft rules are enacted, atop 30 billion USD already required post-Credit Suisse takeover.
Bundesbank chief flags possible ECB rate hike, warns on Germany’s AAA rating
Joachim Nagel signals markets may be right on an ECB rate increase next week, citing persistent inflation, while urging Berlin to preserve Germany’s top credit rating amid a widening fiscal deficit.
Israel’s central bank cuts rates for third time as global tightening trend persists
The Bank of Israel reduced its benchmark rate by 25 basis points to 3.25%, the lowest since 2022, citing easing inflation and a strong shekel. Analysts had expected no change.
Fed's Barr signals readiness to hike rates if inflation fails to ease
Federal Reserve Director Michael Barr states the central bank remains prepared to raise interest rates by 25 basis points at its September meeting if inflation does not show sufficient moderation. Markets price in a 0.25% increase.
Global bond rout deepens as U.S. 2-year yield hits 2025 high
Treasury yields surge to multi-year peaks as Middle East tensions and inflation concerns drive a broad sell-off. European and Japanese yields also climb to decade-plus highs.
Global bond selloff deepens as 2-year Treasury yield hits highest since 2025
Treasury yields surge to multi-year peaks amid Middle East tensions and inflation concerns, while European and Japanese debt markets follow. Upcoming U.S. jobs data and ECB meeting add to market focus.
BIS chief says stablecoins lack credibility as mass-payment tool
Bank for International Settlements' Pablo Hernandez de Cos argues tokenized deposits are a more viable path for blockchain-based payments than stablecoins, citing risks to monetary sovereignty and banking stability.
UK rate hike expectations pushed to early 2027 as bond yields ease
Market pricing shows no full quarter-point increase expected until February 2027, with 10-year gilt yields falling to a two-week low before reversing gains. BoE Governor cites geopolitical risks as a key driver.
ANZ flags November RBA hike risk as Australia inflation proves sticky
Trimmed mean CPI rose 0.5% in July, exceeding expectations and prompting ANZ to warn of a potential November rate increase by the Reserve Bank of Australia.
Australia's persistent inflation raises odds of November rate hike
Trimmed mean CPI rose 0.5% in July, exceeding forecasts and pushing the annualized three-month measure to a record 4.7%. Markets price in a 40% chance of a hike next month.
ECB’s Schnabel says further rate hikes needed amid inflation risks
ECB board member warns policy rate is insufficient to return inflation to target, citing strong eurozone growth and geopolitical pressures.
Indonesia's Destry Damayanti backs growth policies if named central bank chief
Destry Damayanti, interim central bank governor and sole nominee for the top post, told lawmakers she would prioritise policies supporting economic expansion and rupiah stability if confirmed.
European yields rise after Schnabel warns on rates
German Bund yields climb from two-week lows as ECB's Schnabel signals further hikes may be needed. U.S. Treasury yields also advance ahead of Jackson Hole remarks.
ECB seen poised for September rate hike amid persistent inflation pressures
Eurozone central bankers may raise benchmark rate to 2.5% next month to curb inflation near 3%, while markets expect one or two additional hikes. Robust growth outlook limits further tightening.
Eurozone growth accelerates, ECB rate hike bets firm up
Eurozone GDP rose 0.45% in Q2, led by exports, while inflation pressures persist. Traders price in a September ECB rate hike as officials warn of prolonged energy risks.
Warsh signals Fed policy shift in Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at Jackson Hole reaffirmed the central bank’s 2% PCE inflation target and aligned his stance with FOMC consensus. Markets reassess September rate hike odds.
Fed's Warsh signals shift toward traditional policy stance at Jackson Hole
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address to align his communication with conventional central banking, reiterating the 2.0% inflation target and detailing his data-driven approach. Markets responded with expectations of tighter policy.
Central bankers at Jackson Hole weigh AI risks to monetary policy
AI-driven market manipulation and opaque policy responses were key themes as global policymakers grappled with the financial dominance of autonomous agents.
Eurozone growth accelerates, reinforcing ECB rate hike case
Barclays upgrades euro area GDP outlook as sentiment improves, while inflation pressures persist ahead of September ECB meeting.