National fiscal & budget management
Get a closer look at national approaches to fiscal discipline and budget allocation.
National fiscal and budget management
House votes to reject GOP bill to avert government shutdown
The House rejected a GOP effort to avert a government shutdown. Lawmakers have until Sept. 30 to extend government funding.
linkCopy linkshare_windowsShareFed cuts interest rates by half a point, marking first trim since 2020
A more aggressive interest rate cut would suggest deeper worries that the job market is buckling under the Fed’s continued fight against inflation.
linkCopy linkshare_windowsShareWhat the Fed’s rate cut means for consumers, businesses and investors
The Fed’s first cut in four years will affect hiring, inflation, the housing market, stocks and borrowing costs.
linkCopy linkshare_windowsShareFed cuts interest rates by a half-point, more expected this year
The Federal Reserve is slated to cut interest rates in its meeting Wednesday. Follow along for live updates on the Fed interest rate decision.
linkCopy linkshare_windowsShareFed's Big Rate Cut, BoE Decision Day, More
Source: Bloomberg, 5:56
linkCopy linkshare_windowsShareFed's Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 6:27
linkCopy linkshare_windowsShareIndia's GST Needs More Than a Tax Rate Reset
w
GST gains will be frittered away without administrative reform
linkCopy linkshare_windowsShareFed's Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 7:01
linkCopy linkshare_windowsShareBloomberg Daybreak Europe: The Fed's Big Cut (Podcast)
Source: Bloomberg, 20:09
linkCopy linkshare_windowsShareFed Opts for Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 6:22
linkCopy linkshare_windowsShareWhy Labour's Growth Plan Has a Thames Water-Sized Hole
w
On this episode of In the City, we discuss why the tale of Thames Water has spooked foreign investors, and what the UK government needs to do to win them back.
linkCopy linkshare_windowsShareLebanon Explosions, Asian Stocks Rally After Fed Rate Cut, More
Source: Bloomberg, 6:02
linkCopy linkshare_windowsShareFed Opts for Rate Cut, Second Wave of Blasts Hits Lebanon, More
Source: Bloomberg, 5:01
linkCopy linkshare_windowsShareFed Goes 50, Threats Of Retaliation In Mideast
Source: Bloomberg, 4:44
linkCopy linkshare_windowsShareBloomberg Daybreak Asia: Fed Opts for Outsized Cut (Podcast)
Source: Bloomberg, 25:40
linkCopy linkshare_windowsShareChina expected to trim main policy rate and lending benchmarks: Reuters poll
China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around sharp yuan declines.
linkCopy linkshare_windowsShareChina to ramp up policy steps to revive economy but no 'bazooka' stimulus seen
Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures.
linkCopy linkshare_windowsShareFed outsized rate cut draws muted reaction, but calm may not last
Investors who anticipated furious market swings following the U.S. Federal Reserve's bumper rate cut saw more of a muted reaction. That may be fleeting.
linkCopy linkshare_windowsShareAfter jumbo Fed rate cut, market hopes ride on US soft landing
Has the Fed kicked off rate cuts in time to keep the economy from slowing too fast?
linkCopy linkshare_windowsShareIndonesia's parliament passes Prabowo's maiden budget
Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.
linkCopy linkshare_windowsShareDollar and stocks gain as Fed charts soft landing
The dollar bounced, long-dated bond yields were up and Asian stocks surged after the Federal Reserve announced a 50-basis-point rate cut and flagged a measured easing cycle ahead, leaving open a path to a soft landing for the U.S. economy.
linkCopy linkshare_windowsShareUS borrowers get quick relief as Fed cuts rates
U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years.
linkCopy linkshare_windowsShareStocks Slip After Fed Cuts Rates
The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.
linkCopy linkshare_windowsShareBank of England set to hold rates with bond sales in spotlight
The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget.
linkCopy linkshare_windowsShareTaiwan Raises RRR Again to Cool Off Property Market, Holds Rate
w
Taiwan’s central bank increased the amount of funds banks must hold in reserve to rein in the hot property market, while keeping its benchmark interest rate at the highest level in 16 years.
linkCopy linkshare_windowsShareEurope Confronts the Economic Cost of Devastating Floods
w
What’s already clear is that the Polish and Czech economies will take a knock and government coffers are going to get more stretched.
linkCopy linkshare_windowsShareFed Cut May Spur Nigeria, Angola Eurobond Sales, BancTrust Says
w
The Federal Reserve’s half-percentage-point interest-rate cut may pave the way for new debt issuance by African nations including Nigeria and Angola, according to BancTrust & Co.
linkCopy linkshare_windowsShareSwedish Government Unveils Budget Designed to Boost Recovery
w
Sweden’s government submitted a budget bill aimed at fueling an economic recovery, following two years of price hikes and interest-rate increases that have hit consumers and businesses.
linkCopy linkshare_windowsSharePrabowo’s First $237 Billion Budget Wins Indonesia Parliament Approval
w
Indonesia’s parliament approved a state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.
linkCopy linkshare_windowsShareFed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing
w
Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.
linkCopy linkshare_windowsShareFed Cuts Rates by Half Point in Decisive Bid to Defend Economy
w
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, an aggressive start to a policy shift aimed at bolstering the US labor market.
linkCopy linkshare_windowsShare
House to vote Wednesday on doomed GOP bill to avert government shutdown
Speaker Mike Johnson's GOP government funding bill will come to the floor, but probably without enough votes. A Sept. 30 shutdown deadline looms.
linkCopy linkshare_windowsSharePimco CIO Dan Ivascyn on the Biggest Fed Decision in Years
w
What are the risks in the short and long term?
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2%
w
UK inflation held at just above the Bank of England’s 2% target in August. Consumer prices rose 2.2% from a year earlier and services inflation rose to 5.6% in August from 5.2% in July, the Office for National Statistics said Wednesday. Bloomberg’s Lizzy Burden, Tom Mackenzie and Guy Johnson discuss.
linkCopy linkshare_windowsShareOdd Lots: Pimco’s Dan Ivascyn on Fed Day and Beyond (Podcast)
Source: Bloomberg, 46:46
linkCopy linkshare_windowsShareLooking Ahead to the BOE Rate Decision
w
The Bank of England will announce its latest policy decision on Thursday. The central bank is expected to hold its key rate steady. Bloomberg’s Lizzy Burden breaks down what to expect.
linkCopy linkshare_windowsShareDalio Sees Quarter-Point Fed Cut as ‘Right Thing’ for Creditors
w
Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve this week.
linkCopy linkshare_windowsShareExplainer: How would Japan's ruling party race affect BOJ rate hike timing?
Japan's ruling party leadership race, which will determine who becomes next prime minister, could complicate the central bank's plan to normalise ultra-loose monetary policy.
linkCopy linkshare_windowsShareThailand Says $78 Billion Borrowing Plan Won’t Crowd Market
w
Thailand’s government pledged to ensure its $78 billion borrowing plan in the next fiscal year won’t crowd out the private sector.
linkCopy linkshare_windowsShareS. African Inflation Dips Below Target on Eve of Rates Call
w
South Africa’s annual inflation rate fell below the midpoint of the central bank’s target range for the first time in more than three years, adding impetus for it to start easing.
linkCopy linkshare_windowsShareFed Cut Serves as Starting Gun for Central Banks Across Asia
w
Asia’s central banks are in for some relief after more than two years of currency pain, as the Federal Reserve is set to lower interest rates by at least a quarter-point. The path for the region’s own monetary policy, though, will be bumpy from here.
linkCopy linkshare_windowsShareIndonesia Surprises With Quarter-Point Cut Before Fed Move
w
Indonesia’s central bank unexpectedly cut its key interest rate for the first time in more than three years, easing ahead of its own guidance and just hours before the Federal Reserve’s expected dovish tilt.
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2% Leaves Door Open for Rate Cuts
w
UK inflation held at just above the Bank of England’s 2% target in August, cementing expectations that policymakers will cut interest rates again later this year.
linkCopy linkshare_windowsShareGryphon’s Du Plessis Is Lone Outlier on South African Rate Cut
w
Economists are almost unanimous that the South African Reserve Bank will deliver a 25-basis-point interest-rate cut on Thursday. Almost, but not quite.
linkCopy linkshare_windowsSharePhilippines Plans Large RRR Cut This Year After Easing Pivot
w
The Philippine central bank is looking to cut banks’ reserve requirement ratio significantly before yearend, according to Governor Eli Remolona, a move that’s expected to unleash billions of pesos into the financial system.
linkCopy linkshare_windowsShareIreland Needs to Build 52,000 Homes Per Year, Central Bank Warns
w
Ireland could need to complete around 52,000 new homes each year until 2050 to house the country’s growing population, according to the central bank, a figure that far exceeds current government targets of 33,000 annually.
linkCopy linkshare_windowsShareIMF Says Supports Kenyan Efforts for Policies to Complete Review
w
An International Monetary Fund staff team has concluded a six-day visit to Kenya, where it held discussions on recent developments and policies to manage emerging challenges in the East African nation, according to an emailed statement from the lender.
linkCopy linkshare_windowsShareDutch Government Reduces Income Tax to Boost Purchasing Power
w
The Dutch government said it will lower income tax to boost purchasing power and reintroduce some of the perks previously enjoyed by expatriates to improve the business climate.
linkCopy linkshare_windowsShare
Why House Republicans still can’t manage to fund the government
Internal conflicts and a narrow GOP majority make each spending fight a pitched battle up to the shutdown deadline.
linkCopy linkshare_windowsShareThai Government Nominates Central Bank Critic for BOT Chairman
w
Thailand’s government is backing Kittiratt Na-Ranong, a critic of the central bank’s hawkish monetary policy and a loyalist of the ruling party, to become the new chairman of the Bank of Thailand, according to people familiar with the matter.
linkCopy linkshare_windowsShareJapan Finance Minister Plays Down Seven & I’s ‘Core’ Designation
w
Any company that seeks to take over a Japanese business will require prior notification to the government, making it hard to say that Seven & i Holdings Co.’s designation as “core” to national security would make any buyout deal difficult, Finance Minister Shunichi Suzuki said.
linkCopy linkshare_windowsShareIraq PM Says Oil Pipeline Is Beset by Cost Disagreements
w
Iraqi Prime Minister Mohammed Shia Al-Sudani says there are cost disagreements over a key oil pipeline to Turkey that’s been shut for over a year. Baghdad won a long-standing arbitration case on oil exports from semi-autonomous Kurdistan, but hasn’t been able to strike an agreement over how much to pay international oil companies operating there for their production. “We have to look at how to balance those issues,” Al-Sudani said during an interview with Bloomberg’s Joumanna Bercetche. (Part-Ar
linkCopy linkshare_windowsShareAs Fed cuts loom, health of US economy could determine markets' path
How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy.
linkCopy linkshare_windowsShareKorea Hopeful of Bond Index Entry Even as Banks Skeptical
w
South Korea is “positively expecting” the country’s bonds to be included in a key global debt index next month, a senior government official says, even as some major banks say it’s unlikely to happen this time around.
linkCopy linkshare_windowsShareZimbabwe Creditors Mull Debt-for-Climate Swap to Fix Arrears
w
Zimbabwe’s creditors may be willing to consider a debt-for-climate swap with the nation as part of a restructure of its $21 billion in arrears.
linkCopy linkshare_windowsShareWhat the Volkswagen Jobs Crisis Means for Europe’s Economy
w
Volkswagen AG is set to shutter factories in its German homeland for the first time in its history, a move that pulls at a thread that could see a decades-long deal between workers and their employers unravel. If it does, inflation could move structurally higher, current account surpluses could shrink and investment flows could shift, according to Bloomberg Economics research.
linkCopy linkshare_windowsShareUK PM Starmer says first budget won't undermine growth goal
British Prime Minister Keir Starmer said that his government's first budget next month wouldn't take steps that undermine his goal to generate growth, but warned that unfunded spending commitments could damage the economy.
linkCopy linkshare_windowsShareThai Cabinet Approves $4.4 Billion Cash Handout to Spur Economy
w
Thailand’s cabinet approved a cash handout plan totaling 145.6 billion baht ($4.4 billion) that will benefit millions of poor and help stimulate Southeast Asia’s second-largest economy.
linkCopy linkshare_windowsShareEU Urged to Bolster Its Air-Defense Gaps By Issuing Joint Debt
w
The European Union should consider issuing joint debt to fund significant air-defense investments to better protect its airspace from possible Russian strikes, according to a new report from the Brussels-based think tank Bruegel.
linkCopy linkshare_windowsShareAfrica’s Largest Economies to Change Course on Rates for First Time in Years
w
Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in years as inflation lets up.
linkCopy linkshare_windowsShareThailand to Boost Borrowing by 8% to $78 Billion to Spur Growth
w
Thailand plans to raise government borrowing by about 8% in the fiscal year starting October to aid economic growth, according to people familiar with the matter.
linkCopy linkshare_windowsShareTrudeau Loosens Mortgage Rules in Bid to Woo Younger Voters
w
Prime Minister Justin Trudeau’s government will make 30-year mortgages available to all first-time buyers and to buyers of newly built homes as the embattled leader tries to win back the approval of younger Canadians.
linkCopy linkshare_windowsShareEl Salvador Bonds Soar After Bukele Signals Zero Deficit
w
El Salvador’s sovereign debt jumped Monday after President Nayib Bukele said the 2025 budget wouldn’t involve issuing new debt, signaling his plans for fiscal austerity, a key step in unlocking a long-awaited program with the International Monetary Fund.
linkCopy linkshare_windowsShareWorld Bank Says Zimbabwe Needs Economic Stability to Advance Debt Talks
w
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.
linkCopy linkshare_windowsShare
