Central Banks
ECB minutes signal stronger case for September rate hike
July meeting minutes and recent data point to growing support among policymakers for a rate increase next month, with risks to inflation remaining tilted to the upside.
ECB signals likely July rate hike after July meeting pause
Minutes show officials prepared to raise benchmark rate to 2.5% from 2.25% as inflation nears 3% and corporate lending surges 4.4%.
Kansas City Fed's Schmid signals further rate hikes despite limited restraint on economy
Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated that current policy rates do not appear to be restricting economic activity, while reiterating support for additional hikes to achieve the 2% inflation target.
UK proposes Bank of England mandate to support stablecoin innovation
HM Treasury plans to add a secondary objective for the BoE to foster digital payment innovation, including stablecoins, while maintaining financial stability as its primary goal. The proposal will be debated in Parliament next month.
Eurozone bank credit growth accelerates in July after ECB rate hike
Lending to companies and households in the euro area rose to 4.4% and 3.1% respectively, the fastest pace since early 2023. The increase followed the ECB's first rate increase in nearly three years.
Euro zone bank lending growth accelerates in July after ECB rate hike
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, data from the European Central Bank showed. The pickup followed the ECB's first rate increase in nearly three years.
SNB insists on stricter capital rules for UBS despite parliamentary pushback
Swiss National Bank vice chair rejects compromise proposal to ease CET1 capital requirements for UBS, citing financial stability risks. Parliamentary committee expected to rule next week.
UK proposes new Bank of England objective for stablecoins
The Bank of England would maintain financial stability as its core duty while adding a formal objective for stablecoins.
U.S. Treasury and Fed chiefs clash over who should set the price of money
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh differ sharply on monetary policy, with Bessent expanding debt buybacks while Warsh advocates letting markets dictate yields. Investors weigh the implications as 30-year rates hit 19-year highs.
ECB’s Schnabel says rates may need to rise further amid inflation risks
ECB Governing Council member Isabel Schnabel warns borrowing costs may need to increase further to bring inflation back to target as energy-driven price pressures persist. Markets seen as aligned with policy guidance.
U.S. Treasury to maintain debt auction schedule despite expanded buybacks
Secretary Scott Bessent says the department will proceed with planned auctions while doubling quarterly bond repurchases starting next month. Buybacks to target 10- and 20-year securities.
Fed Governor Lisa Cook's lawyer rejects Trump's dismissal bid
Attorney for U.S. central bank official argues allegations lack legal merit as White House weighs removal over mortgage contract disputes.
Fed’s Cook’s lawyer rejects White House bid to dismiss her over mortgage fraud claims
Attorney for Lisa Cook says allegations of mortgage fraud lack legal merit as Trump administration seeks her removal. Supreme Court previously blocked similar efforts.
Colombia’s central bank sees inflation near 3% target by mid-2028
Projections indicate inflation will ease to 4.3% by end-2027, still above the 3% target, as domestic demand outpaces supply. Fiscal rule compliance remains suspended through 2027.
ECB’s Cipollone urges integrated European tokenised finance market
ECB executive outlines progress on digital-asset ecosystem, warns fragmentation risks could undermine euro’s global role.
Trump explores Fed reshuffle as Cook case stalls policy influence
White House seeks alternatives to replace Fed Governor Lisa Cook as legal and political hurdles stall removal efforts. Regional bank vacancies and vice chair decisions add to the reshuffle calculus.
Warsh’s Jackson Hole speech awaited as investors seek Fed clarity
Traders look for signals on rate path amid rising bond yields and uncertainty over new Fed Chair Kevin Warsh’s policy stance at the Kansas City Fed’s annual symposium.
ECB's Schnabel signals further rate hikes, lifts euro outlook
Isabel Schnabel warns current ECB rates are insufficient to tame inflation, suggesting a prolonged tightening cycle may follow the September move. EUR/USD gains technical momentum as markets reassess policy path.
Thailand holds benchmark rate at 1.00% as growth weakens
Bank of Thailand keeps policy rate unchanged amid second-quarter GDP contraction and slowing annual expansion. Decision aligns with 30 of 32 economist forecasts.
Thailand central bank leaves benchmark rate at 1.00% as growth weakens
Bank of Thailand holds key rate unchanged amid 0.2% quarterly GDP contraction and annual growth slowdown to 1.9%. Decision aligns with 30 of 32 economist forecasts.
Brazil’s Galípolo flags credit growth risks amid rising household debt
Central bank chief acknowledges debt expansion as credit stimulus broadens access but warns of rising unsecured borrowing costs and defaults. Private payroll loans a key driver.
ECB's Cipollone sees no eurozone stagflation despite Hormuz tensions
European Central Bank director Piero Cipollone says the eurozone economy remains resilient despite Iran-U.S. tensions disrupting a key oil transit route. Inflation projections align with ECB forecasts through 2028.
German finance minister ties bond yield surge to Iran conflict
Lars Klingbeil links Germany’s 30-year bond yield rise to geopolitical uncertainty from U.S.-Iran tensions. The yield hit 3.79%, the highest since 2011.
Moody’s affirms Philippines Baa2 rating on fiscal consolidation progress
Ratings agency maintains investment-grade rating with stable outlook as Manila narrows deficit and stabilizes debt burden despite near-term pressures.