Different Universes in Monetary Policy

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Investors in Western markets anticipate interest rate cuts as a response to economic conditions, while the Bank of Japan (BOJ) remains in a contrasting position, maintaining a unique approach to monetary policy. The BOJ's perspective appears unaffected by the pandemic's impact, exemplified by a singular rate increase earlier this year after a prolonged period of negative interest rates. This divergence highlights the distinct challenges and strategies facing central banks across different regions.

Investors were not happy with Amazon’s earnings report and Russia agreed to a historic prisoner swap with western countries. Plus, the FT’s Tommy Stubbington discusses how markets might react to a week of important central bank interest rate decisions.

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Amazon earnings jump on cloud computing strength but margins narrow

A momentous week for central banks

US journalist Evan Gershkovich released in Russia prisoner swap

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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