IMF official says faster U.S. rate hike could mean financial "complexities" for Asia

**This is a 60-seconds sample of the video. For the full version, please contact us.**

IMF official says faster U.S. rate hike could mean financial "complexities" for Asia

STORY: IMF official says faster U.S. rate hike could mean financial "complexities" for Asia DATELINE: April 26, 2022 LENGTH: 00:01:50 LOCATION: Washington CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): ANNE-MARIE GULDE-WOLF, Acting Director of the IMF's Asia and Pacific Department STORYLINE: The U.S. Federal Reserve's action to raise interest rate faster than expected would lead to financial "complexities" for Asia economies, especially those with debt in foreign currency, an International Monetary Fund (IMF) official said Monday evening. SOUNDBITE 1 (English): ANNE-MARIE GULDE-WOLF, Acting director of the IMF's Asia and Pacific Department "Let me start with the issue of the Fed interest rate rise. Obviously increasing interest rates, especially if more and faster increases in interest rates in the U.S. than was previously expected, are going to have an impact on Asia." The shock from the Russia-Ukraine conflict comes at a time when "the recovery from the pandemic is still incomplete and global fina

  • Product Code
  • ILEA000958776
  • Registered date
  • 2022/4/26 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 111.46(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    IMF Shanghai Regional Center officially opens

    STORY: IMF Shanghai Regional Center officially opens SHOOTING TIME: June 19, 2024 DATELINE: June 19, 2024 LENGTH: 0:01:07 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Shanghai 2. various of the Lujiazui Forum 3. SOUNDBITE (English): KRISTALINA GEORGIEVA, IMF Managing Director STORYLINE: The International Monetary Fund (IMF) Shanghai Regional Center was officially opened on Wednesday at the 15th Lujiazui Forum held in Shanghai. The center in Shanghai is one of the regional centers set up by the IMF around the world. It has been established to strengthen the IMF's engagement and cooperation with Asia Pacific economies and conduct relevant research in areas of interest to emerging markets and middle-income countries. SOUNDBITE (English): KRISTALINA GEORGIEVA, IMF Managing Director "The new regional center in Shanghai (is) to further strengthen our dialogue with partners across the Asia Pacific region and beyond, and especially with emerging markets and developing economies. It will be

      U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

      STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

        German industry insider: bullish on outlook of Chinese economy

        STORY: German industry insider: bullish on outlook of Chinese economy SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 00:01:56 LOCATION: Berlin CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's industrial sector 2. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of BWA STORYLINE: The International Monetary Fund (IMF) has raised its forecast for China's GDP growth in 2024 to 5 percent from the April projection of 4.6 percent. A German industry insider shared his thoughts on the IMF's forecast revision. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of Federation of the Federal Association for Economic Development and Foreign Trade (BWA) "First, to say this quite clearly, it is a very good news and a very positive news because it will be a stimulus to the world economy if the growth rate in China is positive. We have always been bullish on the outlook of the Chinese economy. Our association BWA, we have been working with China, we have been fostering and supporting Sino-German econom

          Italy's economy performs well but slowdown expected: IMF

          STORY: Italy's economy performs well but slowdown expected: IMF SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of stores in Rome STORYLINE: The International Monetary Fund (IMF) on Monday said that while Italy had good recoveries from economic shocks in recent years, the economy's prospects were only "moderate" going forward. In its annual Staff Concluding Statement, the IMF said that Italy recovered from the back-to-back shocks of the coronavirus pandemic and the spike in energy prices sparked by the Ukraine crisis and that as of the end of the first quarter of this year, its economy was 4.5 percent larger than before the pandemic -- "a stronger performance than in other large euro-area countries," the IMF said in a statement. That growth, the fund said, was fueled by a recovery in tourism, tax credits, and projects funded by European Union (EU) pandemic recovery loans and grants. But the IMF said Italy was unlikely to

            U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up

            STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell at the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to tick up. "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement released after the Fed's two-day policy meeting. "The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the statement read. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly

              African leaders call for increased concessional funding from World Bank's IDA

              STORY: African leaders call for increased concessional funding from World Bank's IDA SHOOTING TIME: April 29, 2024 DATELINE: April 30, 2024 LENGTH: 00:05:43 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of the summit 2. SOUNDBITE 1 (English): WILLIAM RUTO, Kenyan President 3. various of guests 4. SOUNDBITE 2 (English): NANA ADDO DANKWA AKUFO-ADDO, Ghanaian President 5. SOUNDBITE 3 (English): SAMIA SULUHU, Tanzanian President 6. various of the summit STORYLINE: African leaders on Monday began a two-day summit in Nairobi, the Kenyan capital, by calling for increased concessional funding from the World Bank's International Development Association (IDA). The leaders called for a tripling of the financing capacity of the IDA, which supports low-income countries with grants and long-term low-interest loans for development, to 279 billion U.S. dollars by 2030. "Our proposal and request entail a vision for Africa-driven socio-economic development, executed with transparency and inclusiveness, and our

                Egyptian PM commends IMF loans

                STORY: Egyptian PM commends IMF loans SHOOTING TIME: April 28, 2024 DATELINE: April 29, 2024 LENGTH: 00:00:35 LOCATION: Riyadh CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Prime Minister Mostafa Madbouly attending a special meeting of the World Economic Forum in Riyadh (Courtesy of the Egyptian Cabinet) STORYLINE: During a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva in the Saudi capital of Riyadh on Sunday, Egyptian Prime Minister Mostafa Madbouly expressed gratitude for the collaboration between the Egyptian government and the IMF. The two leaders were in Riyadh to attend a special meeting of the World Economic Forum (WEF). Madbouly emphasized that the IMF's approval to increase the value of the financing program provided to Egypt reflects the high level of confidence the international financial institution has in the Egyptian economy. Egypt has met seven commitments out of 15 pledges under its ongoing eight-billion-dollar Extended Fund Facility (EFF)

                  Bank of Japan keeps interest rate unchanged, yen sinks below 156

                  STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

                    Columbia University classes go remote as U.S. campuses divided over Israel-Hamas conflict

                    STORY: Columbia University classes go remote as U.S. campuses divided over Israel-Hamas conflict SHOOTING TIME: April 23, 2024 DATELINE: April 24, 2024 LENGTH: 00:01:52 LOCATION: NEW YORK, U.S. CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE 1 (English): MAX, Alumnus of Columbia University 2. SOUNDBITE 2 (English): ROSS, New York resident 3. SOUNDBITE 3 (English): CARL DIX, Representative of the Revolutionary Communist Party 4. various of the protest STORYLINE: Starting on Monday, all classes at Columbia University went virtual due to divisive demonstrations and debates around the Israel-Hamas conflict. In his announcement, University president Minouche Shafik urged relevant parties to "sit down and talk and argue and find ways to compromise on solutions." Shafik sent a letter to the New York Police Department (NYPD) on April 18, requesting that the police help remove individuals who had occupied the South Lawn of the university's Morningside Heights campus a day earlier. The students with "Gaza Solidarity Enc

                      Young scholars discuss opportunities for China, Russia

                      STORY: Young scholars discuss opportunities for China, Russia SHOOTING TIME: April 18, 2024 DATELINE: April 20, 2024 LENGTH: 0:02:07 LOCATION: CHANGCHUN, China CATEGORY: SOCIETY SHOTLIST: 1. various of the forum 2. SOUNDBITE (English): K.V. BABAEV, Director of the Institute of China and Contemporary Asia of the Russian Academy of Sciences STORYLINE: With China and Russia celebrating the 75th anniversary of the establishment of diplomatic relations this year, the "Sino-Russian Young Scholars Forum: Future Development of Bilateral Relations in the New Environment" co-hosted by Jilin University and the Russian Academy of Sciences was held Thursday in northeast China's Jilin Province. Dozens of scholars from China and Russia gathered to discuss new opportunities for cooperation between the two countries in fields such as economy, trade, and culture. Director of the Institute of China and Contemporary Asia of the Russian Academy of Sciences K.V. Babaev believes that young people from both countries should co