Growth
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Fintech and the future – Improving financial literacy
Li Dongrong, president of the National Internet Finance Association of China and former deputy governor of the People’s Bank of China, explains how financial technology can aid sustainable growth, transform the structure of financial markets and promote…
Equity market uncertainty can reduce real GDP – researcher
Equity market volatility in Q4 2018 could reduce policy rate path by 50bp, says researcher
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
China’s Q1 GDP beats expectations on surging industrial production
But the recovery may not prove durable, economists warn
Kazakhstan cuts interest rates under pressure from president
Cut to 9% comes just days after president ordered change
China’s new loans rebound as PBoC focuses on growth
PBoC maintains focus on growth but possibility of reserve ratio cut in April has eased
Pause in normalisation could be bad news for EMEs – Mexico’s Guzmán
A pause may create a “more complex and uncertain external setting” for EMEs, he says
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
An international system for all
Reform of the system that brought about the financial crisis in 2007–08 has not gone far enough, writes Zhu Xian, IFF vice-chairman and vice-president of the New Development Bank. Developing countries are demanding greater influence in global economic…
Fed still open to rate hike this year
Lower for longer interest rates could lead to greater financial stability risks, FOMC members say
Google data can underpin eurozone GDP nowcasts – Banque de France paper
Researchers say method is particularly useful when official data is unavailable
Chinese inflation rebounds amid easing of monetary policy
CPI hits 2.3% in March, the highest level in five months
UK Labour Party floats idea of house price target for BoE
Report from opposition party suggests central bank could target 2% house price growth
IMF cuts growth forecasts for most economies
Japan and China are the only two to receive a more optimistic outlook from the IMF
BoJ downgrades economic outlook as regional growth disappoints
Haruhiko Kuroda says robust domestic demand could offset some of the weaknesses in exports
Irish central bank warns no-deal Brexit would harm growth
Central bank expects strong Irish growth if ‘disorderly Brexit’ is avoided, but inflation is still weak
Trump urges Fed to restart quantitative easing
It would turn the economy into a “rocket ship”, the president says
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
RBI cuts main rate again as growth fears deepen
Central bank revises down growth and inflation forecasts as election nears
Lower unionisation ‘unlikely to account for’ low wage growth
In Australia, share of employees covered by wage agreements negotiated remains stable, RBA researchers find
Global slowdown continues to warrant stimulus – Poloz
Poloz confident of Canada’s ability to adjust and says slowdown is temporary