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
Wellington’s ultra-hawkish crusade against inflation clashes with Canberra’s hope for a soft landing
Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt
Government intervened after currency tumbled to 32-year low against the dollar
RIP YCC?
Japanese authorities spent an estimated $30bn last week to prop up the currency
Officials have suggested the government has ‘limitless’ funds to defend the country’s currency
Depreciation of Japan’s currency has investors on alert for further government intervention
Japan’s currency moves past ¥145.90 per dollar level that prompted action last month
Thirty-year borrowing costs shoot higher as government and central bank both seek to reassure investors
Andrew Bailey needs to show that market dysfunction is over and that bank has a grip on inflation
Central bank worried pension funds would dump £50bn in government bonds into a chaotic market
Rupee has fallen less than other regional currencies and RBI can fund further intervention
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%
International Edition
