Given the current state of the economy and the Trump administration's intentions, the Fed's top priority may be to slow down. Click to view...
Makoto Sakurai, a former member of the Bank of Japan's policy committee, said the possibility that the Bank of Japan will delay raising interest rates until March is increasing given the growing uncertainty caused by US President-elect Trump. "When Trump comments on various things, there seems to be too much uncertainty. There may not be enough reason to support a rate hike in January." Sakurai's remarks came as Bank of Japan watchers were looking for hints about a rate hike this month or later....
Raphael Bostic, president of the Atlanta Fed, said policymakers should be cautious about keeping interest rates high in order to achieve their price stability goal, given the patchy progress in fighting inflation. In a podcast recorded on December 9 and released on Tuesday, Bostic said he expected inflation to continue to decline gradually this year and reach the Fed's 2 percent target as soon as possible.
The governor of the Bank of Korea said that given the unprecedented high level of political and economic uncertainty, monetary policy needs to remain flexible and the pace of interest rate cuts will remain flexible. (Kim Ten)
Goldman Sachs Group said Asian central banks would proceed cautiously with further easing given the strength of the dollar and the risk of tariffs imposed by the Trump administration. Goldman Sachs does not expect the Bank of Korea to cut interest rates further this week, according to Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs. Last week, Indonesian officials have warned that the room for lowering borrowing costs has narrowed due to political developments in the United States. ...
The Hong Kong Treasury Bureau said that in view of the important role of fiat stablecoins in Web3 and the virtual asset ecosystem, as well as the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to address the issue of fiat stablecoins.