China Interest Rate Cut Fuels Fears Over Ailing Economy – The Guardian China fuelled fears that its ailing economy is about to slow further after Beijing cut its main interest rate by 0.25 percentage points.
Yellen, Consensus-Builder, Needs to Send Strong Signal at Fed Meet – Reuters Federal Reserve Chair Janet Yellen, praised as an adept listener and consensus builder, may need to adopt a stronger tone at this week’s policy meeting if she expects to keep a December interest rate rise in play.
China Leaders Meet to Discuss Financial Reforms, Economic Growth – Reuters China’s ruling Communist Party opened a key meeting on Monday that will focus on financial reforms and how to maintain growth of around seven percent and more broadly map out economic and social targets for the next five years.
Norway Central Bank Ready to Fight Recession, Governor Says – Bloomberg Norway’s central bank governor says he’s ready to act to avoid a recession. Though negative rates haven’t been discussed by the bank’s board, the threat to its main forecast is “to the downside.”
Eurozone Crosses Rubicon as Portugal’s Anti-Euro Left Banned from Power – Daily Telegraph Constitutional crisis looms after anti-austerity Left is denied parliamentary prerogative to form a majority government.
IMF Said to Give China Strong Signs of Reserve-Currency Nod – Bloomberg International Monetary Fund representatives have told China that the yuan is likely to join the fund’s basket of reserve currencies soon, according to Chinese officials with knowledge of the matter.
Central Bank Policy on the Move – Profit & Loss Low inflation and weak growth across the time zones are forcing central banks to re-examine their policy stances and urgently address the current situation, as the prospect of the first Federal Reserve rate hike since June 2006 looms on the horizon.