We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Currency has fallen back towards 24-year lows despite country’s intervention
People’s Bank of China stops short of deploying significant foreign exchange reserves
Move follows pledge by BoJ to continue with ultra-loose policy despite rate rises elsewhere
Rate check signals high level of alarm and often precedes direct currency interventions
Instead of tight fiscal policy and loose monetary policy of recent years, markets are being confronted with the reverse
Boxed in by reality
Minutes from most recent meeting show US central bank saw little sign of inflation improving
Bond-buying programme has made Bank of England and Treasury much more exposed to short-term interest rates
Governments should draw lessons from the malign consequences of prolonged ultra-low interest rates
Singapore dollar has outperformed the euro, which is down 11% this year
Minutes from June meeting suggest even tighter monetary policy may be needed from US central bank
Inflation piles pressure on central bank to increase rates by 50 basis points for first time
Franc surges on SNB announcement that benchmark rate would rise to minus 0.25%
Emergency meeting addresses surging borrowing costs in eurozone countries such as Italy
Or on rate volatility
The Swiss central bank still sits on a fat financial cushion from its equity investments
Society requires unelected officials to tell the public the whole truth about policy
Currency’s fall through ¥130 against the dollar follows central bank vow to keep bond yields at zero
Fall of 11% in two months to a 20-year low prompts speculation central bank might be forced to intervene
Ultra-low monetary policy contrasts with tightening signals from US Fed
Bailouts are a last resort but action will be inevitable if market stress becomes systemic
But we’re not quite sure why.
Currency drops to ¥125 per dollar as other central banks push ahead with interest rate rises
Interventions and interest rate rises tackle currency weakness sparked by invasion of Ukraine
From a source of economic strength during peacetime, FX reserves turned into the source of a crash during war
International Edition
