Central Banks

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 “perseveran...

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 ...

The world’s major central bankers see supply chain problems prolonging inflation.

Al Worden

October 1, 2021

Central Banks

The world's major central bankers have acknowledged that inflation, which has skyrocketed in many advanced economies this year, could remain high for some time - and that while they still expect it to rise. As...

Czechs aim to nip price growth expectations in the bud with biggest rate hike in 24 years

Al Worden

September 30, 2021

Central Banks

The Czech National Bank is seen in the center of Prague, Czech Republic, August 3, 2017. REUTERS / David W CernyLargest increase since 1997, stronger than expected 50 basis pointsThe bank worries about inflati...

MICROFINANCE PAPER SUMMARY: “Central Bank Digital Currencies: A Potential Response to the Challenges of Financial Inclusion in the Pacific”; by Anton Didenko, Ross Buckley; Posted by ADB

Al Worden

September 30, 2021

Central Banks

This article explores how central bank digital currencies (CBDCs) could promote financial inclusion in the Pacific Islands. The Pacific includes countries "among the most remote and geographically disperse...

Exclusive Afghan central bank ran out of dollar stocks before Kabul fell – document

Al Worden

September 29, 2021

Central Banks

FILE PHOTO: Men are pictured as the Taliban-controlled central bank in Afghanistan seizes large amounts of cash and gold from former senior government officials, including former Vice President Am...

Christine Lagarde distinguishes the ECB in the turn of the central banks towards a tightening of the policy

Al Worden

September 28, 2021

Central Banks

Christine Lagarde distanced the European Central Bank from the trend of tightening monetary policy by many other central banks, promising not to "overreact to transient supply shocks ”...

Fantom Foundation partners with Orienbank to pilot Central

Al Worden

September 27, 2021

Central Banks

New York, NY, September 27, 2021 (GLOBE NEWSWIRE) - The Fantom Foundation has announced that it has signed a memorandum of understanding with OJSC Orienbank, one of Tajikistan's largest banks, to test a hybri...

Central Bank tries to avoid manipulative label

Al Worden

September 26, 2021

Central Banks

By Crystal Hsu / Journalist ...

Bitcoin Steps Up As Central Banks Fail

Al Worden

September 26, 2021

Central Banks

Central banks were instrumental in creating the 2008 financial crisis through policy making. Bitcoin was one of the solutions to the problem, however. Bitcoin can destroy a financial system in which ...

China’s crypto ban highlights central banks giving their own spin to digital coins

Al Worden

September 25, 2021

Central Banks

Earlier this month, Benoit Coeure, a well-known central bank policy maker, sounded the alarm bells for central banks to act now on the minting of their own central bank digital currencies (CBDCs). In a speech,...

How LPG prices are heating up Mexico’s central bank

Al Worden

September 24, 2021

Central Banks

Despite the introduction of price controls in early August, liquefied petroleum gas (LPG) prices rose 2.3% in the first half of September compared to the second half of August, analysts telling BNa...

Central Bank decision on shared capital housing program slated for November

Al Worden

September 24, 2021

Central Banks

The central bank will officially decide in November whether banks can participate in the government's shared capital housing program. ...

Climate change poses additional risks for businesses and banks in southern Europe

Al Worden

September 23, 2021

Central Banks

This is the divide that has characterized the euro zone for years: the difference in economic prosperity between the North and the South. During the euro crisis (2011-2013), the Nordic countr...

Central Bank decision on the shared shareholding plan expected in November

Al Worden

September 23, 2021

Central Banks

The Central Bank will take a decision on the government's controversial shared share pro...

1st Annual Central Bank Conference on Development Economics in the Middle East and North Africa

Al Worden

September 22, 2021

Central Banks

Call for papers - Submission deadline October 22, 20211st Annual Central Bank Conference on Development Economics in the Middle East and North AfricaMacroeconomic policy: innovation and chall...

The reconquest of central banks by Ann Pettifor

Al Worden

September 21, 2021

Central Banks

By serving private capital markets rather than citizens and taxpayers, central banks are a major obstacle to meaningful climate action. Half a century after US President Richard Nixon...

US Trade Representative Says Mastercard Crackdown in India “Draconian”: Report | News from banks

Al Worden

September 20, 2021

Central Banks

The United States has been frustrated since India's central bank banned issuance of new cards due to the violation of data storage rules.A senior US trade official privately criticized India's July decision to...

Nigerians taunt central bank governor for threatening AbokiFX founder, ask if Naira now equals a dollar

Al Worden

September 19, 2021

Central Banks

Some Nigerians have taunted Central Bank of Nigeria (CBN) Governor Godwin Emefiele for accusing the exchange information platform AbokiFX of contributing to the depreciation of the naira against the dollar in ...

Central banks tiptoe to tapering

Al Worden

September 19, 2021

Central Banks

Paris (AFP) To taper or not to taper?That's the question central bankers face as they debate when they should reverse the massive economic supp...

Should central banks take climate change into account when formulating monetary policy? Here’s what Kenneth Rogoff has to say

Al Worden

September 18, 2021

Central Banks

"Central banks must think about preserving financial stability, stability of inflation, they are not responsible for imposing a carbon tax," said Kenneth Rogoff, professor of economics at Harvard University.An...

Go out of reach? Duo of central bank decisions to trigger action

Al Worden

September 17, 2021

Central Banks

GBP / USD Weekly Forecasts: Out Of Range? Duo of central bank decisions to trigger action Do current inflation trends justify policy tightening in the near future? The latest figures fr...

Take Five: Bring out the central bank heavyweights

Al Worden

September 17, 2021

Central Banks

1 / CENTRALIZEDSeveral big names in the central bank will meet in the coming days, with the US Federal Reserve meeting on September 21 and 22 at the top of the must-see list.The timing of the Fed's phased red...

How green is my central bank

Al Worden

September 16, 2021

Central Banks

Green bonds and other bonds, and fixed income assets offer an explicit and ex ante guarantee of carbon neutrality The subjectsB...

Japan’s new pm unlikely to trigger BOJ policy change, poll finds

Al Worden

September 15, 2021

Central Banks

(Bloomberg) - A new Japanese prime minister to be installed later this month is unlikely to change fiscal or other policies enough to force the central bank to change its monetary parameters, a Bloomberg surve...

Afghanistan’s central bank limits disbursements in local currency only: sources

Al Worden

September 11, 2021

Central Banks

The Afghan central bank has ordered banks to pay remittances in local currency only, the latest move to preserve scarce US dollars, according to people familiar with the matter. Hard currency remittances have...

Mozambique: Zandamela renews the governor of the Central Bank

Al Worden

September 1, 2021

Central Banks

Maputo - Mozambican President Filipe Nyusi on Monday appointed Rogerio Zandamela for a second five-year term as governor of the Bank of Mozambique. Zandamela was first appointed in August 2016. Previously, h...

Kabul evacuations end as US prepares to withdraw remaining troops

Al Worden

August 28, 2021

Central Banks

The vast international effort to evacuate thousands of Afghans and vulnerable foreign nationals from Kabul airport ended on Saturday as the United States continued to withdraw its remaining troops from Taliban...

CEE MARKETS-Forint Extends Gains After Rate Hike, Cut Announcement

Al Worden

August 25, 2021

Central Banks

By Anita Komuves BUDAPEST, Aug. 25 (Reuters) - The forint added to its gains on Wednesday a day after the Hungarian central bank raised its key rate for the third time in a row and announced that it was starti...

Fed chief Powell’s record is “mixed”, think tank says

Al Worden

August 23, 2021

Central Banks

FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Capitol Hill, Washington, U.S. December 1, 2020. Al Drago / Pool via REUTERS (Reuters) - A highly critical...

Global central banks spend $ 834 million an hour to keep economy alive – News

Al Worden

August 22, 2021

Central Banks

The big central banks are doing everything they can by deploying all the weapons in their arsenal to fight the global collapse. Global central banks, led by the US Federal Reserve, European Cent...

Pandemic leaves households better off, on average, central bank says

Al Worden

August 11, 2021

Central Banks

The pandemic has continued to leave many people in better financial shape, despite the t...

DMOs reassure investors with a political response

Al Worden

August 9, 2021

Central Banks

Investors hailed the decisive nature of the political response by financial authorities and sovereign borrowers to the global public health crisis. This response was all the more impressive as it was not repe...

The abundance of liquidity in the financial system will not go away even after the Fed cuts its bond purchases

Al Worden

August 6, 2021

Central Banks

There is an abundance of liquidity floating around the financial system, thanks to the Federal Reserve's efforts to support the U.S. economy since the outbreak of the pandemic in March o...

USD to perform better against currencies with accommodative central banks – TDS

Al Worden

August 6, 2021

Central Banks

The United States released a second consecutive successful report on non-farm wages. The USD is the subject of a moderate offer following the news. This is consistent with a strengthenin...

Indian banks have extra time to comply with revised current account rules

Al Worden

August 4, 2021

Central Banks

The seal of the Reserve Bank of India is pictured on a door outside the RBI headquarters in Mumbai, India on February 2, 2016. REUTERS / Danish SiddiquiMUMBAI, Aug.4 (Reuters) - The Reserve Bank of India has a...

Russia’s central bank steps up sale of bailed out Otkritie Bank

Al Worden

August 3, 2021

Central Banks

The Central Bank of Russia has accelerated preparations to sell its stake in the bailed out Otkritie bank and may relinquish control of the lender before the end of 2021. The regulator announcem...

Central Banks Killed Children’s Savings Accounts – Can Bitcoin Resuscitate Them?

Al Worden

July 23, 2021

Central Banks

Sad times for savers. getty When I was a teenager, I remember staring in wonder at the savings rates advertised in my local bank window. “If only I had a million ...

Symptoms of withdrawal: central bank, fast and slow

Al Worden

July 22, 2021

Central Banks

As the year progresses, they expect the base effects to fade along with the disparities between supply and demand.Policy discussions in the eurozone, the UK and the US increasingly revolve around the question ...

Central Banks To Speed ​​Up Chinese Yuan Rise, Global Survey Finds

Al Worden

July 21, 2021

Central Banks

FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine as an employee counts them at a branch of a commercial bank in Beijing, China March 30, 2016. REUTERS / Kim Kyung- HoonLONDON (Reuters) - T...

Put Central Bankers In Their Place By Howard Davies

Al Worden

July 20, 2021

Central Banks

The current lax monetary policies in developed economies are likely to increase wealth inequalities, and in the short term, there is little that monetary and regulatory authorities can...

Lebanon challenges central bank chief on August 5 – judicial source

Al Worden

July 19, 2021

Central Banks

Central Bank of Lebanon Governor Riad Salameh speaks during a press conference at the Central Bank of Beirut, Lebanon, November 11, 2019. REUTERS / Mohamed Azakir / File PhotoBEIRUT, July 19 (Reuters) - A Le...

Ukraine’s hesitant efforts to privatize state-owned banks

Al Worden

July 18, 2021

Central Banks

Customers pictured at a branch of Privatbank in Kiev. (REUTERS / Valentyn Ogirenko) As of July 2021,...

3 digital currency challenges facing central banks and traditional banks

Al Worden

July 17, 2021

Central Banks

The rise in popularity of Bitcoin (CRYPTO: BTC) and other cryptocurrencies have lobbied the US Federal Reserve and other central banks around the world to create their own central bank digital...

Yemen has two central banks in conflict, pushing inflation up

Al Worden

July 15, 2021

Central Banks

The fighting in Yemen may have reached a bloody stalemate, but far from the north-south frontline, a battle between rival central banks shattered the currency and helped spike prices. Soaring inflation has ...

Central Bank Deputy Calls on Banks to Settle Mortgage Arrears

Al Worden

July 13, 2021

Central Banks

A call from a central bank chief to lenders to finally fix the mortgage arrears problem has been welcomed by debt counselors and mortgage brokers. Vice Governor Ed Sibley told a banking sector audience that ...

Christine Lagarde: 80 central banks are considering adopting the CBDC

Al Worden

July 11, 2021

Central Banks

According to Christine Lagarde, director of the European Central Bank, at least 80 central banks around the world are considering adopting a CBDC. 80 central banks will adopt the...

A big mess: low inflation leads to global central bank reset

Al Worden

July 10, 2021

Central Banks

WASHINGTON: It's an article of faith among central bankers that the decisions they make about how much money to create and what interest rate to charge will determine the rate of inflation - at least over mo...

BIS calls for global cooperation on central bank digital currencies

Al Worden

July 9, 2021

Central Banks

LONDON - Major financial institutions call for global cooperation on central bank digital currencies.The Bank for International Settlements, the global body of central banks, released a report on Friday sayi...

New Zealand to explore central bank digital currency in public consultations

Al Worden

July 7, 2021

Central Banks

New Zealand's central bank is expected to spend the coming months in public consultation on issues ranging from stablecoins to central bank digital currencies (CBDCs). the roadmap was detailed in a stateme...

Pivotal of the Fed, inflation spurs rising emerging market interest rates in June

Al Worden

July 6, 2021

Central Banks

By Karin Strohecker, Ritvik CarvalhoLONDON (Reuters) - Emerging markets saw further interest rate hikes in June, as the hawkish backbone of the US Federal Reserve amplified inflationary pressures in a number...

Central bank yuan reserves at record highs

Al Worden

July 4, 2021

Central Banks

A bank teller in Taiyuan, Shanxi Province, China, counts yuan notes. CHINA NEWS SERVICE Central banks around the world are holding record levels of Chinese yuan reserves, according to data from the Internat...

Turkey’s central bank pledges to keep key rate above inflation

Al Worden

July 2, 2021

Central Banks

The governor of the Central Bank of the Republic of Turkey (CBRT), ahap Kavcıoğlu, said on Friday that the policy rate would be set above actual and expected infl...

CBDC: academics question central bank accountability and independence – Ledger Insights

Al Worden

July 2, 2021

Central Banks

Today, a group of doctoral students published an opinion piece in the Financial Time, arguing that central bank digital currencies (CBDCs) could further politicize the role of central banks, which in tur...