China c bank to hold off on tightening to meet growth target-sources

By Kevin Yao BEIJING, Jun 28 : China’s central bank will hold off on further monetary policy tightening and could even slightly loosen its grip in coming months as a deleveraging drive threatens economic growth and job creation ahead of a leadership reshuffle, policy insiders said. Higher short-term funding costs, driven by a regulatory crackdown […]

PM: Russia will not print money to cover budget shortfalls

By Darya Korsunskaya and Lidia Kelly MOSCOW, Sep 21 : Russia will not start printing money to support economic growth and will not allow populism to dictate the budget, Prime Minister Dmitry Medvedev wrote in an article published on Thursday. In the government’s first economic policy pointers since Sunday’s parliamentary vote strengthened President Vladimir Putin’s […]