BOJ Surprise Can’t Be Ruled Out in First Move of 2023
The Bank of Japan returns to the spotlight this week after it shocked global financial markets in December with a tweak to its stimulus program.
Bloomberg Business
Bangladesh Raises Key Rate a Quarter Point to Curb Inflation
Bangladesh’s central bank raised the benchmark rate by 25 basis points to contain inflation that’s hovering near the highest level in a decade.
UK Reviews Backing Iran Deal After Execution, Telegraph Says
The UK is reconsidering its support for the 2015 Iran nuclear deal after a British-Iranian dual national was executed, The Sunday Telegraph reported.
Pakistan Punjab Legislature Dissolved as Political Crisis Grows
Pakistan’s Punjab state has dissolved the local legislature on the advice of the chief minister, an ally of former premier Imran Khan, in a bid to force snap elections.
China’s 60,000 Covid Death Toll Spurs Calls for More Data
China’s announcement that it had almost 60,000 Covid-related deaths in a month has spurred new calls for the government to provide more data about the wave of infections that is sweeping the country.
Kerry Says Gas Can Help Climate, But Only With Carbon Capture
The US government’s climate envoy, John Kerry, said natural gas can play a role in slowing the planet’s warming, but only if producers accelerate efforts to capture their carbon emissions.
Turkey Eyes Early Elections on May 14 After Hint by Erdogan
Turkish President Recep Tayyip Erdogan again hinted that elections will be brought forward to May from the originally scheduled June date, leaving the country’s political opposition with less than five months to name a contender.
Turkey Tweaks Reserve Rule to Encourage Savings in Liras
Turkey’s central bank is removing reserve requirements for lira deposits with longer maturities, part of an ongoing effort to encourage savings and lending in the local currency.
Gas Rollercoaster Throws Europe’s Inflation Outlook Wide Open
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Huge Sanctions Are Looming for the Fuel That Powers the World
An unprecedented chunk of the global diesel market, the workhorse fuel of the global economy, is just weeks away from being subject to aggressive sanctions.
