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From Recession Exit to Rate Pause RBNZ Charts Cautious Path Forward

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big ba

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big banks, including ANZ, ASB, and Westpac, predict a 25 basis point drop, while the majority predict no change. As the economy grew by 0.8% in Q1, the RBNZ has already lowered interest rates by 225 basis points since August. Inside the RBNZs 1–3% target range, inflation slowed to 2.5 percent, but uncertainty still exists. If future inflation data is available, a further 25 basis point decrease is anticipated by September, most likely at the August meeting. It is anticipated that inflation will average 2.5% in 2025, with a median yearend rate prediction of 3.00%. Read More..

B2B Tech News | 1 months ago        

Trump’s ‘One Big Beautiful Bill’ Passes House 218–214, Heads to July 4 Signing

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The plan increases military and immigration enforcement money, offers new deductions for seniors, overtime, and tips, and makes the 2017 tax cuts permanent. Moreover, it severely reduces Medicaid, SNAP, and clean energy subsidies, which Democrats strongly object to. According to the Congressional Budget Office, it will increase the national debt by $3.4 trillion over the course of the following ten years. Trumps aggressive lobbying helped ensure passage despite internal GOP differences. He will sign the law on July 4 and will portray it as a key component of his secondterm plan and an engine of economic expansion. Read More..

B2B Tech News | 1 months ago        

Bank of Thailand Holds at 1.75% as Roong Flags “Marked Slowdown” Ahead

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible mone

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible monetary policy. The Bank of Thailands frontrunner for deputy governor, Roong Mallikamas, pointed to sluggish consumption, high household debt, and possible U.S. tariffs as threats. The bank maintained policy room by keeping its benchmark rate at 1.75% in spite of previous rate reduction. There will be a "marked slowdown" in activity, Roong said, and she would be in favour of more easing if things become worse. Despite Roong downplaying its immediate impact, political uncertainty following the prime ministers suspension adds to the instability. On August 13, policymakers will conduct their next policy review, keeping a careful eye on external shocks, credit quality, and inflation. Read More..

B2B Tech News | 1 months ago        

IMF Warns U.S. Tax Bill Defies Fiscal Discipline, Adds $3.4T to Deficit

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It is anticipated that the measure, which adds new benefits and extends the tax cuts from 2017, will increase the deficit by $3.4 trillion over the following ten years. IMF spokeswoman Julie Kozack called for a realistic plan to eliminate chronic deficits and stressed the need for the United States to lower its debttoGDP ratio, which is currently approaching 98%. Even for middleclass taxpayers, the Fund has historically advocated tax increases. The plan will stimulate economy, according to U.S. Treasury Secretary Scott Bessent, who rejected the worries. In its July World Economic Outlook report, the IMF will evaluate its effects. Read More..

B2B Tech News | 1 months ago        

Switzerland Races to Avert 31% U.S. Tariff While Preserving EU Trade Ties

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United St

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United States to avert an impending 31% tariff. The recent approval of a significant change to Swiss trade policy with the EU by the cabinet has complicated negotiations with Washington. More access for U.S. citrus and seafood is one concession officials are considering, but they maintain that any agreement must respect multilateral principles and not jeopardise EU accords. Prior to the July 9 deadline, Swiss politicians aim to avoid more severe penalties, although the present 10% baseline tax may be maintained. To keep Swiss companies from lagging behind EU rivals in the U.S. market, business associations are calling for a prompt resolution, given the significant pharmaceutical exports at risk. Read More..

B2B Tech News | 1 months ago        

BRICS to Launch NDBBacked Guarantee Fund to Unlock Private Investment

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Dev

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Development Bank NDB. By reducing investor risk, the fund, which is modelled after the World Banks MIGA, seeks to draw private investment for development, infrastructure, and climate initiatives. It is pending final approval from the BRICS finance ministers, which is merely a formality, after receiving technical approval. The project is expected to mobilise $5–$10 in private investment for every $1 in guarantees, leveraging current NDB resources rather than requiring additional funding. The fund will be emphasised during the next BRICS summit in Rio, indicating the blocs intention to increase its worldwide impact and financial cooperation. Read More..

B2B Tech News | 1 months ago        

Ishiba Rebuts Trump’s Trade Claims as July 9 Tariff Deadline Looms

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. Pres

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. President Donald Trump might be confused about trade issues. Trump asserted that Japan doesnt utilise American automobiles or purchase American rice, claims Ishiba denied, pointing out that domestic shortages had lately forced Japan to import record amounts of American rice. Despite Trumps threats of 30–35% tariffs, Ishiba stressed that talks are moving forward without providing specifics. The conflict revolves around trade in cars and agricultural products, and Japan is refusing to make any compromises before its upper house election on July 20. Ishiba emphasised that Japan is the biggest foreign investor in the United States and reiterated its dedication to safeguarding national interests. Read More..

B2B Tech News | 1 months ago        

Lula Urges Mercosur to Deepen Ties With Asia, Citing Global Value Chain Shift

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen i

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen its links with it during the Mercosur meeting in Buenos Aires. In order to improve involvement in global value chains, he underlined deeper integration with China, South Korea, India, Vietnam, Indonesia, Japan, and others. Assuming Mercosurs rotational presidency, Lula also promised to modernise digital payment systems, increase collaboration with Canada and the UAE, and complete the EUMercosur trade agreement. Combating organised crime, advancing technological advancement, and addressing climate change are all on his agenda. Argentinas president, Javier Milei, threatened to pursue a unilateral U.S. trade accord if Mercosur delays, highlighting regional tensions during the conference. Read More..

B2B Tech News | 1 months ago        



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