(Bloomberg) Bundesbank board member Sabine Mauderer stepped uneasily from side to side as she waited to speak.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsNvidia’s $70 Million Florida Supercomputer Hobbled by DeSantis LawFrom the stage she could watch the crowds
(Bloomberg) Thailand’s Prime Minister Srettha Thavisin urged the central bank to consider cutting borrowing costs to support the economy, signaling a new round of disagreement between fiscal and monetary policymakers.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing CEO’s Comeback Plan for 2024 Takes a Hit Five Days InWith consumer prices extending a streak of negative readings, Srettha said it p
(Bloomberg) Thai Prime Minister Srettha Thavisin sought to assuage fears about growing differences between fiscal and monetary policymakers, saying he and central bank Governor Sethaput Suthiwartnarueput met Monday to discuss matters related to the economy.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal for MarketsCongress Averts US Government Shutdown Hours Before DeadlineSevere Crash Is Coming for US Office Properti
Most Asian markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike.Traders were keeping tabs on Tokyo after the dollar jumped to a 10-month peak against the yen on increased rate hike expectations, and above the levels that led officials to step in with support last year.
Two monetary policymakers in India have urged the Reserve Bank of India to prevent spillover from the rise in food prices as inflation reaches a 15-month high. The central bank aims to keep inflation between 2% and 6%, but the consumer price index rose by 7.44% last month, driven by an 11.51% increase in food prices.