Analysis: Interest Rates

Big investors welcome more headroom in UK budget, fret over long-term uncertainties

LONDON -Big investors on Wednesday broadly welcomed British finance minister Rachel Reeves' tax-raising budget that gives her more leeway to meet her fiscal targets, but they warned it may not be...

UK watchdog's early budget release steals Reeves' thunder, stirs markets frenzy

LONDON -Britain's fiscal watchdog apologised for publishing details of Rachel Reeves' budget early on Wednesday, a blunder that stole the finance minister's chance to reset the political narrative...

Sterling, UK bond prices rise as Reeves' budget delivers more headroom

LONDON -Sterling and UK government bond prices edged up on Wednesday in volatile trade as Britain's finance minister Rachel Reeves delivered a highly-anticipated budget. Britain's...

Japan PM Takaichi rules out risk of British-style 'Truss' shock

TOKYO -Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Japan could face a British-style Truss moment, or loss of market confidence stemming from her expansionary fiscal...

Japan unveils its version of DOGE aimed at cutting wasteful spending

TOKYO -Japan on Tuesday launched a scheme aimed at cutting wasteful government spending by reviewing existing subsidy projects and investment funds, a move the administration hopes will alleviate...

India's fiscal, monetary measures to boost investment and growth, RBI report says

MUMBAI -The Indian government's domestic tax reductions and the Reserve Bank of India's interest rate cuts this year will help boost private investment and economic growth, the central bank said in...

India, Europe central banks agree to start initial phase of linking domestic payment systems

The central banks of India and the European Union have agreed to start the initial phase of linking domestic payments systems, the Reserve Bank of India said on Friday. ...

Yen intervention looms large, but it may not work

SINGAPORE -A stubbornly weak yen has Japan on the cusp of intervening in the currency market for the third time in roughly as many years, but analysts say it's likely to be ineffective and...

Japan's cabinet approves lavish stimulus as markets fret over Takaichi's fiscal policy

TOKYO -Japanese Prime Minister Sanae Takaichi's cabinet approved a 21.3 trillion yen economic stimulus package on Friday, marking the first major policy initiative under the new leader, who has...

Scramble to 'sell Japan' sounds fiscal warning bells

SINGAPORE/TOKYO -Investors bailing out of the yen and Japan's government bonds have driven borrowing costs there to record highs, bending markets out of shape and piling pressure on the country's...

World's richest nations are pulling back from global development efforts, study show

LONDON -Two dozen of the world's richest nations, including the United States and Japan, are pulling back from their global development push, a study published on Thursday shows, with many slashing...

China's central bank to sell bills worth 45 billion yuan in Hong Kong

SHANGHAI -China's central bank said on Thursday it will sell 45 billion yuan worth of yuan-denominated bills in Hong Kong on November 24. The People's Bank of China said it will sell...

China leaves benchmark lending rates unchanged for the sixth straight month

SHANGHAI -China left benchmark lending rates unchanged on Thursday for the sixth consecutive month in November, matching market expectations. WHY IT'S IMPORTANT The steady...

Japan's stimulus to be worth $135 billion, largest since pandemic, draft shows

TOKYO -Japan's government is in the final stages of assembling a stimulus package worth 21.3 trillion yen to help households cope with persistent inflation, a draft seen by Reuters showed, in what...

UK government may repeat tax rises next year, Franklin Templeton says

LONDON -The British government is likely to repeat tax rises next year, Franklin Templeton head of European fixed income David Zahn said on Tuesday, adding that long-term gilt yields could rise...

AXA Investment Managers sells UK bonds after tax U-turn, others still favour gilts

LONDON -AXA Investment Managers halved its exposure to UK bonds in some portfolios on Friday following news that the government has no plans to raise income tax, a senior fund manager told Reuters on...

China's January-October fiscal revenue up 0.8% y/y

BEIJING -China's fiscal revenue grew 0.8% in the first 10 months of 2025 from a year earlier after a 0.5% gain in the January-September period, finance ministry data showed on Monday. ...

Rupee's rough patch likely to persist, bond yields eye further central bank action

MUMBAI -The Indian rupee is expected to face continued pressure in the coming week, and traders will take cues from how forcefully the Reserve Bank of India defends the currency near its all-time...

China to strengthen fiscal policy, finance minister says in Xinhua interview

BEIJING/SHANGHAI -China will strengthen fiscal policy over the next five years, said the country's finance minister on Saturday in an interview with Xinhua News Agency. Finance...