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Governor Bailey, alongside committee members, will defend the rate cut choice before parliament
Bank of England Governor Andrew Bailey and colleagues will address the Treasury Committee on February’s interest rate cut.
Japan’s finance minister Kato discussed market-determined FX rates and volatility impact with the US counterpart
Japan’s Kato discussed FX with the US, stressing market-driven rates and addressing concerns over yen devaluation.
China aims for approximately 5% GDP growth by 2025, with various fiscal and monetary plans outlined
China targets 5% GDP growth, 2% inflation; markets mixed. U.S. tariffs, Japan’s hawkish outlook, FX stable.
Trump advocates for repealing the CHIPS Act, citing tariffs will need adjustment and cause disruptions
Trump defended tariffs, warned of disruptions, and sought to repeal the CHIPS Act to reduce foreign dependence.
Uchida affirmed Japan’s interest rate adjustments may continue, depending on economic forecasts and conditions
Bank of Japan may continue rate hikes if forecasts hold, with inflation stabilizing near 2% by late 2025.
