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Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way

May 09, 2021 09:21 am UTC| Economy Central Banks

Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...

The Bank of Canada must seize the pandemic moment and do more for Canadians

May 09, 2021 09:17 am UTC| Economy Central Banks

The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Nov 19, 2020 17:30 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its overnight reverse repurchase rate by 25 basis points to 2 percent. The curt was linked to unfavourable external and domestic factors, such as elevated global uncertainty,...

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Nov 19, 2020 16:25 pm UTC| Commentary Central Banks

Indonesian central bank lowered its key policy rate by 25 basis points to 3.75 percent. Todays cut is the first since July. The decision to cut rate reflects a desire to help the economic rebound and comes on the back of a...

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Economy

Mastercard to enable partners to offer crypto products, services

Payments giant Mastercard has partnered with cryptocurrency exchange platform Bakkt to allow US merchants, banks, and fintechs to offer crypto solutions and services. Sherri Haymond, Mastercards executive vice president...

Coca-Cola launches bottles without a label in South Korea

The Coca-Cola Company unveiled its newest plastic bottles, and it is very noticeable that they have no label on them. These are said to be the first label-less Coke bottles in South Korea, and this was done for recycling...

LG vice chairman Kwon Young Soo assigned as new LG Energy CEO

Kwon Young Soo, vice chairman at LG Corp., has been given a new assignment in the company. He will be moving to LG Energy Solution as its new chief executive officer. LGES is one of LG Groups affiliates, so his transfer...

Pro-environment consumers, suppliers patronize 'ugly' fruits and vegetables

Pro-environment consumers and suppliers are patronizing ugly agricultural products that do not fit market standards to counter the practice of discarding them. Unsightly produce is now attracting a growing market as...

Columbia experiences cryptocurrency ATM boom

Colombia is currently experiencing a cryptocurrency ATM boom, keeping it in second place among Latam countries with the second-highest number of these ATMs at 50. Not so long ago, Columbia was in first place until El...

Politics

Capitol insurrection: Mark Meadows was reportedly a 'regular figure' in Jan. 6 rally planning

More details regarding the involvement of some individuals in Donald Trumps inner circle surrounding the Capitol insurrection have come to light. A new piece in Rolling Stone revealed that Trumps chief of staff Mark...

Nancy Pelosi says 'billionaire's tax' will fund Joe Biden's social infrastructure plan

A point of contention among Democrats in the social spending bill is the price tag as well as how the legislation would be funded. House Speaker Nancy Pelosi says that the party-led legislation would be paid for by...

Afghanistan faces food crisis, according to UN World Food Programme

Weeks since the Taliban took control of Afghanistan, the ramifications of the takeover left the country facing one crisis after another. According to the United Nations World Food Programme, Afghans are in the midst of a...

Jared Kushner reportedly in talks to receive $2 billion investment from Saudi Arabia for private equity firm

Former White House adviser and Donald Trumps son-in-law, Jared Kushner, has touted his visits to the Middle East over the years of Trumps presidency as part of his achievements. A recent report has revealed that Kushner is...

Science

S. Korean researchers develop Mediterranean diet that helps prevent cardiovascular disease

South Korean researchers have developed a Korean-style Mediterranean diet that helps prevent cardiovascular disease by reducing the proportion of carbohydrates while increasing the ratio of fat and protein. The diet...

LG Chem develops substance for creating cheaper, lighter plastic solar panel frames

LG Chem combined polycarbonate and acrylonitrile styrene acrylate (ASA) to develop LUPOY EU5201 to be used in plastic frames for solar panels. Consequently, LG has become the first in South Korea to develop plastic...

Owls used in helping California vineyards get rid of rodents

A Humboldt State University team is attempting to prove that owls can be an effective eco-friendly option at protecting grapes from rodent attacks. Graduate students at the universitys Department of Wildlife under...

S. Korean researchers develop process that uses agri-waste to produce biofuels, plastics

The Korea Institute of Energy Research (KIER) had developed an enzymatic process that uses agricultural waste to produce the 4-hydroxy valeric acid--an ingredient for biofuels and plastics. The KIERs enzymatic process...

France probes Nestlé, 100 other firms over bisphenol-A use

The French government is investigating 101 companies, including Nestlé, for not disclosing their use of bisphenol-A in food packaging. In its statement of objections, Frances competition authority accused the 101...

Technology

‘Horizon Forbidden West’ developers reveal new abilities and weapons

Horizon Forbidden West will not launch for a few more months, but Guerilla Games has announced some of the new skills and weapons Aloy will use in the sequel. The developer also explained how the difficulty in dealing with...

‘Call of Duty: Vanguard’ will mimic real weapons’ trigger weight with PS5 DualSense controller

Call of Duty: Vanguard is coming very soon, and Sledgehammer Games still has several gameplay details to reveal before the launch. The developer detailed in a blog post published on Monday how they were able to deliver an...

Samsung mysteriously brings back the rumored Galaxy S21 FE support page

Samsung may have given its fans a discreet nod that the Galaxy S21 FE is still in the pipeline. The company had silently brought back the support page rumored to be intended for the mid-range phone less than a month before...

Huawei Mate 50 series expected to launch in H1 2022

Huawei Mate 50 is expected to be one of the flagship smartphones to enter the market next year. Despite its absence this year, the company reportedly plans to launch the series in 2022 after receiving significant component...

Redmi Note 11 to feature 120W fast charging, Xiaomi confirms

Xiaomi is set to unveil the latest phones to join its Redmi brand. Thanks to a mix of leaks and official teasers from the company, tech fans now know that the Redmi Note 11 series is getting a new high-end model that...
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