Central Banks – Page 2

Bank of Canada’s Macklem to chair Basel Banking Committee oversight body

April 1, 2022

Bank of Canada Governor Tiff Macklem arrives for a news conference in Ottawa, Ontario, Canada March 3, 2022. REUTERS/Blair GableJoin now for FREE unlimited access to Reuters.comRegisterApril 1 (Reuters) - The w...

Why CBN intervenes in critical sectors – Emefiele | The Guardian Nigeria News

Al Worden

March 29, 2022

Central Banks

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, reiterated that the objective of the apex bank is to stabilize the macroeconomic sector. A statement fro...

Philippines central bank holds rate but warns country’s inflation to exceed target

Al Worden

March 26, 2022

Central Banks

MANILA, March 26 (Bloomberg): The central bank of the Philippines, which kept interest rates steady this week but warned that i...

Norway’s central bank hikes interest rates, plans steeper curve to curb inflation

Al Worden

March 24, 2022

Central Banks

The Norwegian central bank in Oslo on May 31, 2017.INTS KALNINS/ReutersNorway's central bank raised its benchmark interest rate on Thursday as expected and said it now plans to raise it at a faster pace than pr...

Central Bank warns against investing in cryptocurrency

Al Worden

March 22, 2022

Central Banks

The Central Bank has issued a warning about the risks of investing in crypto assets, as part of a Europe-wide awareness campaign. Potential investors are cautioned that crypto assets are highly risky and specu...

Unlike central banks in West, BOJ sticks to monetary easing

Al Worden

March 19, 2022

Central Banks

The Bank of Japan on March 18 decided to maintain its monetary relaxation measures rather than raise interest rates like central banks are doing in the United States and Eu...

Could central bank digital currencies help countries circumvent sanctions?

Al Worden

March 16, 2022

Central Banks

Countries have of course sought to circumvent the sanctions through contracts or arrangements that are not denominated in dollars. Examples include the “rupee-rial” mechanism introduced by India in 2012; the ...

European equity futures are higher; Diplomatic Hopes, Central Bank Meetings at Center By Investing.com

Al Worden

March 14, 2022

Central Banks

© Reuters By Peter Nurse Investing.com - European stock markets are set to open higher on Monday on heightened hopes for a diplomatic solution to the war in Ukraine at the start of a week dominated by ma...

Can central bank intervention alone support the Indian rupee?

Al Worden

March 12, 2022

Central Banks

Currency swap is a liquidity management tool that central banks use to control volatility in the currency market. It injects dollar liquidity with a repurcha...

The Central Bank of Brazil chooses 9 partners to develop the CBDC

Al Worden

March 10, 2022

Central Banks

The Central Bank of Brazil chooses 9 partners to develop the CBDCBrazil's central bank has revealed that it has chosen nine projects to move forward in its attempt to build a central bank digital currency (CBDC...

Australia and the United States could follow Europe on digital currencies

Al Worden

March 8, 2022

Central Banks

Central banks are considering digital currencies for different reasons. In Europe and China, they are seen as a defensive measure to ensure authorities retain control of fiat currencies and the money supply as...

Irish SPVs linked to Russia are mostly non-banks following 2014 sanctions

Al Worden

March 5, 2022

Central Banks

Russian companies outside the banking sector accounted for more than 60% of the €35.5 billion in assets held in Irish special purpose vehicles (SPVs) used for financing ...

Are central bank digital currencies the key to unlocking financial inclusion in Africa?

Al Worden

March 3, 2022

Central Banks

Technology is changing money as we know it. Financial technology or fintech as a form of financial innovation has reshaped the financial services industry, especially in sub-Saharan Africa. More recently, the...

Australia’s central bank holds rates steady, Ukraine fresh uncertainty

Al Worden

March 1, 2022

Central Banks

RBA keeps rates at 0.1%, reiterates patient's positionQ4 GDP is expected to post growth of 3% or moreCooling housing boom could limit potential rate hikesSYDNEY, March 1 (Reuters) - Australia's central bank kep...

Swift action finally brings meaningful sanctions against Putin’s regime | Ukraine

Al Worden

February 27, 2022

Central Banks

It took a week to get here, but Western governments laid down their polka-dot guns and pulled out the financial howitzers against Vladimir Putin.Wide-ranging new sanctions against Russia were announced on Satur...

Jagan urges officials to strengthen cooperative district central banks in AP – The New Indian Express

Al Worden

February 25, 2022

Central Banks

By Express press service VIJAYAWADA: Underscoring the need to protect and strengthen the cooperative banking system, Chief Minister YS Jagan Mohan Reddy on Thursday directed relevant ...

Russia and Ukraine put 10% US inflation on radar as BlackRock repeats central banks may have to live with inflation

Al Worden

February 22, 2022

Central Banks

The threat of a large-scale Russian invasion of Ukraine raises the risks of an energy supply shock, which some observers say could push the annual US inflation rate to 10% at some point. ...

Central banks could start, then slow the pace of interest rate hikes

Al Worden

February 20, 2022

Central Banks

Consumer price inflation in , is the highest since the early 1990s and could rise further in the coming months (Chart 1). This should continue to generate uncomfortable headlines for policymakers at the Bank ...

GBP EUR Pushes Higher on US Central Bank Comments

Al Worden

February 18, 2022

Central Banks

The GBP/EUR exchange rate was up 0.43% on Thursday after the US Federal Reserve gave the green light to interest rate hikes to fight inflation. The bank said rates are expected to rise "soon...

Central banks’ fight against inflation becomes a class war

Al Worden

February 16, 2022

Central Banks

Central banks have started to react to inflation. In February, the Bank of England raised its key rate for the second time in two months, and the US Federal Reserve is expected to do the same at its Mar...

Israel’s central bank says financial sector stable amid global risks

Al Worden

February 14, 2022

Central Banks

JERUSALEM, Feb 14 (Reuters) - A sharp decline in financial asset prices, rising inflation and a major new wave of COVID-19 infections pose the biggest risks to the global economy, the Bank said on Monday. Bank ...

Thinkpad: Living on a Prayer

Al Worden

February 12, 2022

Central Banks

Have a nice week end.This week was a kind of Thinkpad week - all about central banks. Two central banks in particular - the US Federal Reserve and the Reserve Bank of India. Both "live by prayer" in some resp...

Kenya’s central bank tests public opinion on digital currencies

Al Worden

February 10, 2022

Central Banks

NAIROBI, Feb 10 (Reuters) - Kenya's central bank has invited the public to comment on the potential introduction of a digital currency, breaking with its initial opposition to crypto-assets.The East African cou...

Crypto Assets ‘Very Unlikely’ to Get a Nod to Irish Retail Funds – Central Bank

Al Worden

February 8, 2022

Central Banks

The Central Bank of Ireland, which regulates international funds holding more than 4 trillion euros in assets, said on Tuesday it was 'highly unlikely' to allow funds ai...

The coming storm as central banks battle inflation will be much worse than expected

Al Worden

February 6, 2022

Central Banks

The cost of living crisis has many roots - primarily higher energy bills and other post-Covid import and supply issues, about to be exacerbated by the self-inflicted hurt of dues higher to national insurance. ...

Emerging market currencies may get support if their central bank rates rise

Al Worden

February 4, 2022

Central Banks

According to a recent Reuters poll, the decision of the US Federal Reserve to implement several rate hikes this year could keep emerging market currencies under pressure in the short term. However, countries t...

Irish Credit Bureau wind-up meeting hears of ‘fractured’ board

Al Worden

February 2, 2022

Central Banks

The chairman of the Irish Credit Bureau (ICB) and another director resigned at the end of a wind-up meeting on Monday, saying the board had become "irritable" in recent ...

Stocks and currencies rally ahead of central bank decisions

Al Worden

January 31, 2022

Central Banks

Jan 31 (Reuters) - Emerging market stocks rose on Monday after their worst week since August, while developing country currencies firmed ahead of key central bank meetings after a staunchly belligerent U.S. Fed...

global market: 5 global market themes for the coming week

Al Worden

January 29, 2022

Central Banks

Hot on the heels of the Federal Reserve, the British, Eurozone and Australian central banks are lining up to meet next week. The Bank of England is expected to raise rates for the second time in less than two m...

Toronto market rally tumbles on hawkish central banks

Al Worden

January 26, 2022

Central Banks

The Toronto Stock Exchange's S&P/TSX Composite Index edged up 4.91 points, or 0.02%, to 20,595.89, but that closing level was 1.6% below its intraday high. "The story of the day was the huge intr...

Singapore’s central bank tightens policy in surprise move

Al Worden

January 25, 2022

Central Banks

By P.R. Venkat Singapore's central bank unexpectedly tightened monetary policy on Tuesday as a preemptive measure to stem the inflationary impact of supply-side constraints and rising commodity pric...

European stocks fall in global selloff

Al Worden

January 22, 2022

Central Banks

European stocks slumped on Friday to mark a third week of losses as jitters over monetary policy tightening by central banks t...

Central bank to issue 20 baht polymer banknotes in March

Al Worden

January 20, 2022

Central Banks

The Bank of Thailand plans to start issuing 20 baht polymer banknotes on March 24. The Bank of Thailand plans to start issuing 20 baht polymer banknotes on March 24. The new banknotes are ...

Credit control must remain: central bank

Al Worden

January 16, 2022

Central Banks

STABLE INTEREST RATES: While other central bankers have called for increases, Governor Yang...

Inflation will likely melt in 2022 – central banks will do a lot more harm trying to tackle it

Al Worden

January 14, 2022

Central Banks

It remains to be seen whether the omicron variant will move Sars-CoV-2 to a manageable endemicity. But as that happens, there will always be a "long COVID" to contend with. The latest inflation headlines...

Fed chairman stresses “narrow” but important climate role

Al Worden

January 12, 2022

Central Banks

Yesterday, Federal Reserve Chairman Jerome Powell walked a political tightrope between Democratic demands for faster climate action from the Fed and Republican instructions to do the opposite. As a solution,...

Nigerian private sector borrows N16 trillion from banks in 11 months 2021

Al Worden

January 10, 2022

Central Banks

Credit to the private sector hit a record high of 35.31 trillion naira in November 2021, representing 5.16 trillion naira in new net lending between January and November 2021. This is according to Ce...

Fed’s Clarida sold, then bought an equity fund ahead of central bank pledge in 2020

Al Worden

January 8, 2022

Central Banks

Federal Reserve Vice Chairman Richard Clarida essentially sold $ 1 million worth of shares in a U.S. equity fund in February 2020 before buying a comparable measure of a similar fund days after the fact just b...

Polish Glapiński supports further rate hikes | Break

Al Worden

January 5, 2022

Central Banks

Our main takeaways We see different sources of high inflation as the chairman of the MPC. The external shocks were amplified by a pro-inflationary GDP structure in Poland, based on a ...

Questions investors should ask themselves in 2022

Al Worden

January 3, 2022

Central Banks

The economic scenario at the dawn of 2022 has rarely been so opaque. Retail investors have to ask tough questions to which there don't seem to be clear answers. The new normal is that today's financial market...

From crypto ban to BDC ban, these are the most popular and unpopular CBN policies of 2021

Al Worden

January 1, 2022

Central Banks

The Central Bank of Nigeria had a very busy year 2021, battling in particular against the effects of the pandemic, the depreciation of purchasing power and the promotion of economic growth. To naviga...

Gold marks yearly decline as central banks seek to wean economy off stimulus

Al Worden

December 31, 2021

Central Banks

Silver worst year since 2014For the year, platinum is down about 9.4% so far, palladium 22.2%Gold faces 'downhill battle' amid 2022 rate hikes - analystDec 31 (Reuters) - Gold prices marked their biggest annual...

Mortgage rates hit a 7-year high

Al Worden

December 30, 2021

Central Banks

Korean bank mortgage rates hit ...

Taiwan FSC to inspect mortgage checks in FIs

Al Worden

December 28, 2021

Central Banks

The central bank has further tightened controls on mortgage lending. The FSC will conduct inspections of 20 financial institutions to ensure they are in compliance. Taiwan's Financial ...

CBDCs should not undermine existing financial infrastructure

Al Worden

December 26, 2021

Central Banks

CENTRAL BANK DIGITAL Currencies (CBDCs), or digital sovereign currency tokens, are among the hottest topics in the financial world today. A 2021 BIS survey found that more than 86% of central banks around the...

UK central bank pushes for global crypto regulation talks

Al Worden

December 23, 2021

Central Banks

The Bank of England plans to speed up talks among financial regulators around the world to find ways to monitor and regulate cryptocurrencies. In an interview with The Times, Sarah Breeden, the bank's executi...

Seychelles Central Bank keeps interest rates at 2% amid COVID uncertainty

Al Worden

December 21, 2021

Central Banks

The decision was made by CBS's board of directors on Monday and the governor of the Central Bank. (Central Bank of Seychelles)Photo license (Seychelles News Agency) - The Central Bank of ...

Welcome! Central Bank Digital Currency – Jammu Kashmir Latest News | Tourism

Al Worden

December 18, 2021

Central Banks

Bharat JhunjhunwalaA cryptocurrency escapes the control of countries' central banks. As the name suggests, the currency is encrypted and i...

Bulgaria’s central bank increases capital cushion as lending risk increases

Al Worden

December 17, 2021

Central Banks

SOFIA, Dec. 17 (Reuters) - Bulgarian banks will need to accumulate more capital in 2023 to counter a build-up of systemic risks from low interest rates that are significantly boosting consumer borrowing, espec...

Bank Negara has no immediate plan to issue central bank digital currency

Al Worden

December 15, 2021

Central Banks

...

All eyes on the movement of the Hungarian central bank

Al Worden

December 13, 2021

Central Banks

This week in EEC Inflation and monetary policy will be in the spotlight this week, as we await a flood of CPI impressions and the decision from the Hungarian central bank. Another 30bp h...

In word and deed, China loosens economic policy

Al Worden

December 11, 2021

Central Banks

BFR BERNANKE, the former chairman of the US Federal Reserve, entitled his memoir â€œThe Courage to Actâ€. But a lot of what central bankers do these days is talk. They talk a...

Two key questions for the European Central Bank

Al Worden

December 9, 2021

Central Banks

December 11, 2021VSENTRAL BANKERS in Frankfurt can feel a little baffled. After struggling to revive too low inflation for nearly a decade, they now find themselves hoping that too high inflation will ease. ...

Analysis: clear or confused? Central bank communication skills put to the test

Al Worden

December 7, 2021

Central Banks

LONDON, December 6 (Reuters) - (This story from December 6 corrected the BoE meeting date to November 4 from November 5 in the second paragraph, no further changes to the text)Financial markets, which have str...

The explosion of stablecoins revives a debate around “free banking”

Al Worden

December 5, 2021

Central Banks

December 4, 2021THE MOVES QUICKLY frontier of financial innovation can seem like a daunting place. Concepts like decentralization, distributed ledgers, and symmetric encryption can confuse the outsider. So r...

World’s Most Powerful Central Banker Gives Bank of England Cover to Raise Rates | Economic news

Al Worden

December 1, 2021

Central Banks

It is common at this point in the season for dictionary editors and academics to publish their word of the year.For the Cambridge Dictionary, the word of the year is â€œperseveran...

Central Bank Determines O-SII Cushion Requirement For Banks | Stockwatch

Al Worden

November 29, 2021

Central Banks

The Central Bank of Cyprus has determined the O-SII cushion requirement for six banks.In a press release, the CBC states that, in accordance with its policy of designating other systemically important institut...

Pakistan running out of cash to get $ 3 billion from Saudi Arabia; deposit money at the central bank

Al Worden

November 27, 2021

Central Banks

Cash-strapped Pakistan will soon get a $ 3 billion loan from Saudi Arabia, as the government headed by Prime Minister Imran Khan approved a deal to keep the amount at the country's central bank, the government...

Analysis-ECB faces pressure to release bonds and avoid market squeeze | The powerful 790 KFGO

Al Worden

November 25, 2021

Central Banks

By Francesco CanepaFRANKFURT (Reuters) - European Central Bank is under pressure from bankers to lend more of its German government bond pool to avoid a market squeeze that would cancel out some of its own st...

Factbox: Erdogan’s risky “experiment” to heal Turkish economy

Al Worden

November 23, 2021

Central Banks

Turkish President Tayyip Erdogan addresses his supporters at a ceremony in Istanbul, Turkey, November 5, 2021. REUTERS / Umit BektasRegister now for FREE and unlimited access to reuters.comRegister nowISTANBUL...

PH and Singapore central banks sign digital payment cooperation agreement

Al Worden

November 21, 2021

Central Banks

The central banks of the Philippines and Singapore recently signed an agreement to strengthen cross-border digital payments in the Association of Southeast Asian Nations (Asean) region.In a statement, dig...

Clarida from the Fed: World central banks should not coordinate their policy

Al Worden

November 19, 2021

Central Banks

Federal Reserve Vice Chairman Richard Clarida reacts as he holds his phone during the three-day "Challenges for Monetary Policy" conference in Jackson Hole, Wyoming, United States on August 23, 2019. REUTERS /...

Central Bank Digital Currency Pilot Project Launched By Q1 Next Year: Rbi Official

Al Worden

November 17, 2021

Central Banks

The Reserve Bank of India is set to launch the pilot of its central bank digital currency or CDBC project by the first quarter of next year, a senior RBI official told CNBC-TV18 during 'a round table at the an...

Afghan central bank to auction $ 10million to support currency

Al Worden

November 15, 2021

Central Banks

Person holding piles of banknotes - AFPWith the abrupt withdrawal of foreign support following the ousting of the US-backed Afghan government, the economy entered into free fall.The central bank invite...

Fintech agreement signed by PHL and SG central banks

Al Worden

November 8, 2021

Central Banks

THE Bangko Sentral ng Pilipinas (BSP) announced on Monday that it has signed a strengthened "FinTech Cooperation Agreement" with the Monetary Authority of Singapore (MAS) to facilitate cross-border payme...

Australian central bank and prudential regulator step up climate change analysis

Al Worden

November 4, 2021

Central Banks

By Alice Uribe SYDNEY - Australia's central bank and its prudential regulator say they will conduct more analysis and research on climate change, and have pledged to share the knowledge gained with...

Latest updates: Avis Budget shares more than doubled to record high

Al Worden

November 2, 2021

Central Banks

October marked further signs of progress for the United States as it seeks to bring its latest wave of the coronavirus pandemic under control.National trends in infections, hospitalizations and deaths are on t...

Election surprise drives Nikkei up, Fed maintains dollar offer

Al Worden

November 1, 2021

Central Banks

People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying Japanese stock prices outside a brokerage house in Tokyo, Japan , October 5, 2...

Central banks – Playing catch-up with inflation

Al Worden

October 30, 2021

Central Banks

...

Central Bank of Sri Lanka completes KYC proof of concept platform

Al Worden

October 28, 2021

Central Banks

A report presented to Sri Lanka's central bank governor Ajith Nivard Cabraal on Monday detailed the results of a now-completed Know-Your-Customer, or KYC, proof-of-concept project. The project Sri Lanka's Cent...

The Central Bank steps in and imposes a cap on ATM transactions

Al Worden

October 27, 2021

Central Banks

As of November 1, the amount Barbadians pay for an automated teller machine (ABM) transaction other than their own will be capped at a maximum of $ 3. Central Bank of Barbados Governor Cleviston Haynes made th...

Amid surging inflation, alarms have sounded over central banks’ focus on climate change and racial justice

Al Worden

October 25, 2021

Central Banks

...

Will US GDP data confirm a recovery in activity?

Al Worden

October 24, 2021

Central Banks

Will US GDP data confirm a recovery in activity?U.S. economic growth has slowed sharply as the Delta variant of the coronavirus slashed consumer spending and supply chain bottlenecks hit businesses, but...

Dollar cuts losses as Powell signals bond cut

Al Worden

October 22, 2021

Central Banks

Chart: Global exchange ratesNEW YORK, Oct.22 (Reuters) - The dollar cut losses on Friday after Federal Reserve Chairman Jerome Powell said the US central bank should start cutting asset purchases soon, but sho...

Iran to pilot ‘national cryptocurrency’ and amend central bank law

Al Worden

October 19, 2021

Central Banks

Iran's central bank is preparing to start the pilot phase of its digital currency project in the near future, its new director has told local media representatives. The monetary authority is also prepa...

ECB asks banks to map climate risk in trade and loan portfolios

Al Worden

October 18, 2021

Central Banks

(Bloomberg) -Bloomberg's Most ReadThe European Central Bank has said lenders in the region will need to estimate the risk they could face from climate change in their lending and trading operations when they u...

Bank of England inflation problem becomes embarrassing

Al Worden

October 16, 2021

Central Banks

IInflation is increasingly difficult to ignore. From central bankers to ordinary consumers grimacing over their energy bills, the rate at which prices are rising has become a pressing concern. Investors are a...

Chinese Central Bank’s Digital Currency Aims To Solve Cash Problems

Al Worden

October 15, 2021

Central Banks

About the authors: Hazem Danny Nakib is an honorary researcher at University College London and an investor in financial services technology solutions. Geoffroy Goodell is a researcher in the Financial Computi...

Brazil’s central bank sells $ 1 billion in surprise currency swap auction

Al Worden

October 13, 2021

Central Banks

SAO PAULO, Oct. 13 (Reuters) - Brazil's central bank sold $ 1 billion in currency swaps in a surprise auction on Wednesday afternoon, and later announced it would hold another sale Thursday, seeking to push th...

Central bank digital currencies will make your wallet obsolete

Al Worden

October 12, 2021

Central Banks

Representative image | Photo credit: iStock images There is an undeniable buzz surrounding the central bank digital currency, or CBDC. Th...

Monetary policy and central bank

Al Worden

October 10, 2021

Central Banks

Central banks play a crucial role in ensuring economic and financial stability. They conduct monetary policy to achieve low and stable inflation. In the wake of the global financial crisis, central banks hav...

Long USD / ZAR As Major Central Banks Reign In Stimulus: Top Fourth Quarter Trade

Al Worden

October 9, 2021

Central Banks

{{GUIDES | TOP | See DailyFX's top Q4 opportunities in our guide!}}Central bank easing gathers momentumGlobal central banks are no longer just talking about cutting stimulus buying and raising interest rates ...

Does anyone really understand inflation?

Al Worden

October 7, 2021

Central Banks

October 9, 2021FOR ECONOMICAL the writing - a genre stylistically closer to computer textbooks than literature - a discussion paper recently released on the Federal Reserve's website is a blessed relief. Jere...

Indra and eCurrency Join Forces to Provide End-to-End Digital Currency Solutions to Central Banks – Eurasia Review

Al Worden

October 7, 2021

Central Banks

Indra, one of the world's leading technology and consultancy firms, and eCurrency Mint Limited ("eCurrency"), the central bank's state-of-the-art digital currency company (CBDC), announced an alliance to de...

New Zealand joins big central bank exit

Al Worden

October 6, 2021

Central Banks

LONDON, Oct. 6 (Reuters) - New Zealand's central bank on Wednesday raised interest rates for the first time in seven years, becoming the second large developed economy to raise rates and one of many to cut rat...

South Africa’s central bank highlights inflation risks in policy review

Al Worden

October 5, 2021

Central Banks

The bank lowered its main policy rate to a record 3.5% last year to cushion the impact of the COVID-19 pandemic and left it on hold for the past seven meetings to support a recovery economic. Bu...

Central banks diverge on dispelling stagflation nightmare

Al Worden

October 4, 2021

Central Banks

Central banks face the same nightmare almost everywhere: a mixture of slower growth and inflationary supply shocks that together threaten stagflation. So far, they are tackling the problem in different...

The promise of the BIS charts and the risks of the central bank’s digital currency

Al Worden

October 3, 2021

Central Banks

Days after taking a cautious eye on ESG investing, the club of some of the world's major central banks took a look at central bank digital currencies. Some of the world's major central ban...

The market is right to be afraid of rising bond yields

Al Worden

October 2, 2021

Central Banks

No one likes to lose money, but Tuesday's drop in stock prices worries me more than the stock of a 2% drop in the S&P 500 should. In itself, 2% is not a big deal: three days this year have had larger fall...

Week Ahead: Central Banks, US Politics, and the Looming Energy Crisis?

Al Worden

October 2, 2021

Central Banks

With the end of the month and the end of the quarter behind us, we could see some money working after the Dow Jones sold -1,516.81 points in September, the highest number of points (no percentage) since the ...