China’s stocks sank the most in almost two months, pushing a gauge of volatility up from its lowest level this year as turnover surged.
India’s central bank lowered its key interest rate for the first time in six months and said it would look for more room to ease as it watches monsoon rains.
The unprecedented boom in China’s $3 trillion corporate bond market is starting to unravel.
Central bankers are no longer the circuit breakers for financial markets.
People’s Bank of China Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets.
Bond purchases, currency interventions, rate cuts or even rate increases: those are just some of the actions the Bank of England is seen taking if the U.K. votes to leave the European Union.
India’s foreign-exchange reserves climbed to a record as the rupee heads for its biggest monthly advance in two years.
The strong conviction about growth, inflation and global stability needed to raise interest rates didn’t show up for officials at the Federal Open Market Committee meeting this week. They’re still open to finding it soon.