The Biden administration has nominated Ajay Banga as the U.S. candidate for World Bank president, signaling their belief that the Bank should scale up financial support to all clients, develop a new growth vision, and support national governments in developing cooperative multilateral partnerships with other official financing institutions and private investors. As the next president, […]
Global equity markets were mixed on Friday as traders continued to grapple with long-term interest rate concerns. The U.S. Federal Reserve\’s decision to further increase borrowing costs and hold them there has resulted in a drop in global equities throughout the month of February. Focus has now shifted to the release of the personal consumption […]
Kazuo Ueda, the nominee for Bank of Japan governor, believes that current monetary policy is appropriate and will continue to maintain monetary easing to support the economy. Ueda also expressed hope to work closely with the government in guiding policy to reach the BOJ\’s 2 percent inflation target. Follow my Facebook group for more updates […]