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Actions taken by a central bank to manage the money supply and interest rates to control inflation and employment.
Central banks use tools such as benchmark interest rates and asset purchases to influence economic activity. Raising rates helps cool price growth, while lowering rates stimulates borrowing and spending.
South Korea revealed a record budget for 2027, pouring funds into sovereign AI, chip manufacturing, and data infrastructure amid surging semiconductor exports.
Federal Reserve Chair Kevin Warsh signaled an openness to higher interest rates while unveiling structural changes to reduce the frequency of official policy votes.
Christine Lagarde will resign as head of the European Central Bank in February 2027, months ahead of schedule, setting off a contest for control of European monetary policy.