China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People's Bank of China said it would steady the one-year loan prime rate at 3.

China on Tuesday launched a 2024-2035 plan encouraging local governments to implement policies that drive growth of whole grain consumption, as part of efforts to enhance food security.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

The Federal Reserve revealed its rhythm for 2025: just two rate cuts. In a recent interview, Mary Daly, president of the Federal Reserve Bank of San Francisco, said they are “very comfortable” with the decision.

Recently, the Politburo, China's top decision-making body, opted to respond more actively to economic downturns, boost demand and stabilize the housing market. Fiscal easing is augmented by "moderately loose" monetary policy next year. The decision to foster "unconventional" counter-cyclical adjustments is the greatest policy shift since 2008.

China is widely expected to leave its benchmark lending rates unchanged on Friday, a Reuters poll showed, as falling yields, shrinking net interest margins and a weakening yuan create limits for immediate monetary easing.

China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.

President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?

China’s central bank, the People’s Bank of China (PBOC), decided to maintain its main benchmark lending rates amid efforts to support economic growth while managing a weakening yuan. The one-year loan prime rate (LPR) remains at 3.

The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

Taiwan emerges as Asia's best-performing stock market in 2024, gaining 25.54% as of Dec. 23 In contrast, South Korea was the worst, losing 8.03% over the year. Analysts say Trump's presidency and China's economy will be key to determining the direction of the Asian markets in 2025.