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Bank of Japan Confirms Long Path Ahead to Neutral Interest Rate

3 months ago

Bank of Japan Governor Haruhiko Kuroda stated that the Bank continues its strategy of loose monetary policy, emphasizing that the country's economy has not yet reached a state of sustainable growth, which indicates the need to maintain the current low interest rate. In his speech, Kuroda highlighted that the benchmarks the Bank uses to determine a neutral interest rate remain significantly distant, and that numerous factors must be considered in evaluating the possibility of achieving it in the future.

Brazil Kicks Off Third Quarter with Drop in Industrial Output

3 months ago

The economic situation in Brazil continues to raise concerns as a significant decline in industrial output was recorded at the beginning of September. According to recent data, industrial activity fell by 0.7% in July 2024 compared to the previous month. This downturn is attributed to several factors, including worsening external economic conditions and internal challenges facing the sector.

Saudi Arabia's External Balances Weakening Due to Oil Drop, IMF Reports

3 months ago

According to the latest report from the International Monetary Fund (IMF), Saudi Arabia's external balance, which includes the export and import of goods and services, is expected to weaken significantly as a result of declining oil prices. The drop in hydrocarbon prices, the kingdom's primary source of revenue, has threatened economic stability and may impact future social programs.