News

The move comes after weeks of political unrest in the country fuelled a sharp rise in inflation, touching 11.66% in July, amid an ongoing struggle with shrinking reserves and exports from the mainstay garments industry taking a hit. Bangladesh Bank's new governor, Ahsan H. Mansur, appointed just a week ago, also said that he would raise interest rates further to 10% or more in the coming months. Mansur could not be immediately reached for a comment.

The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.

The once-booming market for non-fungible tokens (NFTs) has cooled significantly from its peak when digital artwork captivated global attention.

The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.

Bitcoin (BTC)'s price has increased following the release of the U.S. Federal Reserve's July meeting minutes, and is currently trading at $60,271.

SEOUL (Reuters) -South Korea's central bank kept interest rates unchanged on Thursday but signalled it was ready to start easing policy as price pressures and growth eased, raising expectations for a rate cut at its October meeting. The Bank of Korea held the benchmark interest rate at 3.50%, a decision expected by 38 out of 40 economists surveyed by Reuters. However, the BOK said in its policy statement it now needed to "examine the proper timing of rate cuts while maintaining a restrictive monetary policy stance."

Asian shares inched higher while the dollar was pinned to one-year lows on sterling and the euro on Thursday as Federal Reserve minutes showed policymakers were ready to start cutting U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% in early trade and Japan's Nikkei rose 1%. "The unequivocal signal from the (Fed) minutes has been the catalyst for the latest leg down in the U.S. dollar," said National Australia Bank's head of currency strategy, Ray Attrill.