South Korea Q1 GDP unexpectedly contracts, reinforcing rate cut chances

IMF expects BOJ to delay further rate hikes due to tariff uncertainty

The IMF warns that the Bank of Japan may postpone interest rate hikes due to uncertainty from U.S. tariffs, affecting growth and inflation forecasts for Japan's economy.

Fed’s Hammack sees more runway for Fed balance sheet cuts

Cleveland Fed President Hammack emphasizes patience with monetary policy and supports reducing the Fed's balance sheet, cautioning against risks of large reserves in financial markets.

Monetary policy main tool in turbulent times, says Turkey deputy central banker

Turkey's deputy central bank governor emphasizes tight monetary policy as a key strategy for managing volatility and supporting disinflation, amidst challenged global economic growth forecasts.

Germany could suffer ’slight’ recession this year, Bundesbank’s Nagel says

Bundesbank President Joachim Nagel warns of a potential slight recession in Germany for 2025 amidst economic uncertainty and tariff impacts, while urging prompt economic measures from the coalition government.

Argentina peso expected to hit lower band, says deputy central bank governor

Argentina's Deputy Central Bank Governor expects the peso currency to reach the lower end of its trading band, anticipating a stronger currency as debt spreads tighten.

Discover Financial profit jumps on lower loss provision and higher interest income

Discover Financial reported a 30% profit increase in Q1 due to lower credit loss provisions and higher interest income, amidst economic uncertainty and an impending acquisition by Capital One.

Trading Day: Wall Street extends rebound as trade war fears subside

Market rebound as U.S. eases trade war tensions with China and Trump reassesses Fed chair. Key indices rise, dollar strengthens, while Tesla shares bounce despite profit decline.

Dollar allocations moving from overweight to more natural weighting, ECB’s Lane says

Philip Lane discusses the shift from US dollar assets to a more balanced currency allocation, while emphasizing that the dollar still dominates most investment portfolios.

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

The Global Debt Roundtable emphasizes the need for improvements in sovereign debt restructuring to assist countries facing debt challenges, highlighting the release of a new playbook for guidance.