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Darline Graham Wins South Carolina GOP Senate Primary to Replace Late Brother
PoliticsAPReutersbloomberg+77NYTeconomistwsjFTle-mondewapoThe GuardianNPR+69 more25m ago80 sources

Darline Graham Wins South Carolina GOP Senate Primary to Replace Late Brother

Darline Graham has secured the Republican nomination for the U.S. Senate seat in South Carolina, succeeding her late brother Lindsey Graham and underscoring Donald Trump’s enduring influence over party primaries ahead of the midterm elections.

Central Banks Poised for September Rate Hikes Amid Economic Concerns
Businesschannel-news-asiainvesting-com13h ago2 sources

Central Banks Poised for September Rate Hikes Amid Economic Concerns

The Bank of Japan is expected to accelerate its tightening campaign and raise its key rate to 1.25% in September, according to a Reuters poll. Simultaneously, the European Central Bank is also set to raise rates in September, with sources indicating no appetite to signal further hikes despite concerns like the Iran war.

Hungary's Central Bank Cuts Base Rate to 5.5% Amid Low Inflation
Businessbloombergtelexhvg+1budapest-times22h ago4 sources

Hungary's Central Bank Cuts Base Rate to 5.5% Amid Low Inflation

The Hungarian National Bank (MNB) has cut its base interest rate to 5.5%, continuing its easing cycle. This decision comes as inflation in Hungary reaches a decade-low, with further steps to be guided by the September inflation report.

Market Expectations Build Ahead of Jackson Hole Policy Symposium
FinanceYahoo1d ago

Market Expectations Build Ahead of Jackson Hole Policy Symposium

Investors are closely monitoring upcoming remarks at the Jackson Hole economic gathering, anticipating potential shifts in monetary policy that could reset market trajectories. The symposium remains a critical indicator of central bank strategy amid evolving macroeconomic conditions.

ECB Refines Inflation Measurement Methods
Businesscyprus-mail2d ago

ECB Refines Inflation Measurement Methods

The European Central Bank (ECB) has updated its indicators for assessing domestically driven and cyclical inflation in the euro area, introducing methodological changes to make the measures more robust for monetary policy decisions.

Politicsbloomberg5d ago

Fed's Daly Assesses Current Policy, Inflation, and AI Impact

Federal Reserve official Mary Daly stated that current Fed policy is in a good position, while also discussing Treasury buybacks, inflation trends, and the growing demand for artificial intelligence. Her remarks provided insight into the central bank's economic outlook and considerations.

Russians Withdraw Billions from Banks Amid Economic Fears
Businesslsm-lv6d ago

Russians Withdraw Billions from Banks Amid Economic Fears

Billions of rubles are being withdrawn from Russian banks each month as citizens fear a worsening economic situation and potential confiscation of their savings by the Kremlin. This trend was reported by Euronews, citing the Russian central bank.

Icelandic Central Bank Raises Key Interest Rate to 8%
Worldruvmorgunbladid6d ago2 sources

Icelandic Central Bank Raises Key Interest Rate to 8%

The Central Bank of Iceland has increased its key interest rate by 0.25 percentage points to 8%, drawing criticism from economists and contractors who describe the economic management as incompetent and the interest rate system as a vicious cycle.

Iceland's Central Bank Announces Interest Rate Hike Decision
Businessruvmorgunbladidiceland-review7d ago3 sources

Iceland's Central Bank Announces Interest Rate Hike Decision

Iceland's central bank has decided to raise its key interest rates by 0.25 percentage points, following earlier predictions of an impending hike. A meeting is being held to detail the Monetary Policy Committee's decision on the bank's policy rates.

Businesspunch-ng8d ago

CBN's OMO reopening pressures Nigerian equities

The Central Bank of Nigeria's decision to reopen Open Market Operations (OMO) to retail and corporate investors is expected to intensify competition for funds, putting pressure on weak Nigerian equities.

Hungarian Committee Advances Hearings in Central Bank Scandal Probe
Politicstelexhvg36m ago2 sources

Hungarian Committee Advances Hearings in Central Bank Scandal Probe

A Hungarian parliamentary committee investigating corruption at the central bank has scheduled hearings for former governor György Matolcsy and his son, despite claims of political interference. The probe examines alleged financial pacts and procedural delays within the ruling party.

Bank of Korea Nears Rate Hike Decision
BusinessKorea Herald1d ago

Bank of Korea Nears Rate Hike Decision

The Bank of Korea is preparing for its next rate-setting meeting, with markets divided on whether the central bank will implement another rate hike or pause, a decision that will indicate the future pace of its tightening cycle.

Montenegro to Adopt New Constitution After EU Accession
Politicscdm-me1d ago

Montenegro to Adopt New Constitution After EU Accession

Montenegrin Parliament Speaker Andrija Mandić announced that the country will adopt a new Constitution after joining the EU, following the approval of amendments related to the Judicial and Prosecutorial Council and the Central Bank.

Bank of Korea Resumes Gold Purchases After a Decade
BusinessKorea Herald3d ago

Bank of Korea Resumes Gold Purchases After a Decade

The Bank of Korea has restarted its gold-buying activities after more than ten years, joining other central banks in diversifying its foreign reserves. This move aims to increase its exposure to the precious metal.

Euro to Get New Design, ECB Affirms Cash's Future
Businessindex-hrmkd-mk6d ago2 sources

Euro to Get New Design, ECB Affirms Cash's Future

The Euro currency is set to receive a new design, with the European Central Bank (ECB) reassuring the public that physical cash will not disappear. The redesign aims to modernize the currency while maintaining its role in transactions.

ECB Chief Lagarde Urges Europe to Adapt Growth Model
Worldcdm-memkd-mk6d ago2 sources

ECB Chief Lagarde Urges Europe to Adapt Growth Model

European Central Bank chief Christine Lagarde has urged Europe to adapt its growth model to new circumstances. She emphasized the need for the EU to choose a new growth paradigm to address current economic challenges.

China and Japan Lead Foreign Central Banks in Dumping US Treasuries
WorldSCMPwolf-street8d ago2 sources

China and Japan Lead Foreign Central Banks in Dumping US Treasuries

Foreign central banks and governments, particularly China/Hong Kong and Japan, have significantly reduced their holdings of US Treasuries. This move by Japan was linked to raising USD for yen intervention, while China's reduction was amid concerns over the Iran war and Federal Reserve uncertainty.

Spanish Mortgage Lending Surges to 16-Year High Despite Rising Rates
Financeel-mundola-vanguardia4h ago2 sources

Spanish Mortgage Lending Surges to 16-Year High Despite Rising Rates

New mortgage contracts in Spain jumped by nearly 11 percent in June, marking the strongest monthly performance in over sixteen years. The rebound in home financing activity occurred even as central bank policy kept borrowing costs elevated throughout the summer.

Opinion: Central Banking as the Scourge of Civilization
Politicszerohedge1d ago

Opinion: Central Banking as the Scourge of Civilization

An opinion piece by George Ford Smith via the Mises Institute argues that central banking is a detrimental force, labeling it 'The Scourge Of Civilization.' The article delves into critical perspectives on the role and impact of central banks.

Technologypunch-ng2d ago

CBN Urged to Expand Oversight of Fintech and Cloud Risks

The Central Bank of Nigeria (CBN) is being called upon to broaden its regulatory oversight to include risks posed by fintech companies, cloud providers, and other technology partners. This expansion aims to ensure financial stability within the country.

Japanese Yen Weakens Amid High National Debt
Businessnzz3d ago

Japanese Yen Weakens Amid High National Debt

Japan is struggling to control its currency, with the yen depreciating significantly. The central bank faces a dilemma, as raising interest rates to strengthen the currency is hindered by the country's enormous national debt.

Bank of Finland Seeks New Director After Long Vacancy
Politicsyle-uutiset5d ago

Bank of Finland Seeks New Director After Long Vacancy

The Parliamentary Supervisory Council has decided to open applications for a new director at the Bank of Finland, marking the first time in a considerable period that the position is being sought. The search aims to fill a key leadership role within the central bank.

Ghanaian Minority Demands Answers on GoldBod's $1.7 Billion Loss
Businessmyjoyonline6d ago

Ghanaian Minority Demands Answers on GoldBod's $1.7 Billion Loss

Ghana's parliamentary Minority is demanding accountability from GoldBod and the Bank of Ghana regarding a reported $1.7 billion loss, with some members accusing the Majority of shifting the debate from facts to personal attacks. Concerns have been raised that these losses could necessitate taxpayer-funded recapitalization of the central bank.

Businessbloomberg6d ago

Indian Bonds Drop Amid Fears of RBI Rate Hikes

Indian bonds fell following the release of the central bank's latest policy meeting minutes, which fueled fears of earlier-than-expected interest rate hikes due to policymakers emphasizing inflation risks.

ECB President Lagarde Warns Europe's Old Growth Model is 'Eroding'
Businesscnbcindex-hrcyprus-mail6d ago3 sources

ECB President Lagarde Warns Europe's Old Growth Model is 'Eroding'

European Central Bank President Christine Lagarde has cautioned that Europe's traditional growth model is 'eroding' and that the continent must choose a new path. She also noted that the U.S. retreat from the global order is diminishing European competitiveness.

Eurozone Inflation Nears 3%, Pressuring European Central Bank
Worldla-vanguardia7d ago

Eurozone Inflation Nears 3%, Pressuring European Central Bank

Inflation in the Eurozone has rebounded to nearly 3%, putting increased pressure on the European Central Bank. ECB President Lagarde also warned that China is now a direct competitor in 40% of sectors where the EU previously held a comparative advantage.

BCE warns of AI bubble risk to European savings
Businessla-repubblica8d ago

BCE warns of AI bubble risk to European savings

Five economists from the European Central Bank (BCE) have issued a warning about an impending downturn in Big Tech stocks, noting that European households are exposed to 440 billion euros, often without full awareness.