India is about to get its 3rd central bank governor in 3 years. Markets are concerned

On Monday, Reserve Bank of India Governor Urjit Patel became the fourth high-profile official in the country’s finance and economic sector to leave his position. Arvind Subramanian, a former chief economic advisor, stepped down in June and Arvind Panagariya, former vice chairman of government think-tank Niti Aayog, left last year. Patel’s predecessor, Raghuram Rajan, also stepped down in 2016 after […]

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Reserve Bank keeps interest rates on hold at 1.5%

The Reserve Bank has kept official interest rates on hold at 1.5 per cent as household debt levels, sluggish wage growth and cooling house prices push the likelihood of a rate hike out until at least mid-next year. The board found business conditions are positive. while public infrastructure investment and resource exports helped Australia's strong annual economic growth of 3.4 […]

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China August FX reserves fall slightly more than expected to $3.11…

BEIJING (Reuters) – China’s foreign exchange reserves fell slightly more than expected in August as the dollar extended gains and Beijing took steps to stabilize its yuan currency in the face of mounting trade tensions with the United States. A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration Reserves fell $8.23 billion in August […]

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Federal Reserve signals September interest rate hike

One big negative drag is Fed trying to raise interest rates: Fmr. BB&T CEO Former BB&T CEO John Allison on the impact of Federal Reserve policy on the economy and markets. U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal […]

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