Tag: central bank

November 3, 2022

Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and […]

October 14, 2022

The People’s Bank of China Governor Yi Gang reportedly said the central bank will nudge lenders to increase loans to the infrastructure, manufacturing and property sectors to better support the economy. Yi asserted a vow to “step up the implementation […]

September 28, 2022

The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]

August 1, 2022

The US Dollar continues to falter as yields edge lower, while an extension of the current short-covering in the Japanese Yen also weighs on the greenback. Over the weekend, the Fed’s Kashkari pushed back on the notion that the central […]

June 28, 2022

Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]

April 21, 2022

Comments from ECB Vice-President Luis de Guindos are behind the latest move in the Euro with EURUSD now breaking above 1.0900. In an interview with Bloomberg, Mr. de Guindos said that the central bank sees neither stagflation nor a recession […]

March 2, 2022

Federal Reserve Chairman Jerome Powell said he would propose a quarter-percentage point rate increase in the central bank’s meeting in two weeks amid high inflation, strong economic demand and a tight labor market. Before Russia’s invasion of Ukraine, Mr. Powell […]

February 28, 2022

Putin’s Alarming Response to SWIFT Limitations and Freezing of Central Bank Assets World leaders had a busy weekend discussing and implementing further sanctions on Russia as conflict in Ukraine continued. On Saturday, the West announced that some Russian financial institutions […]

February 9, 2022

With price inflation at multi-decade highs in the UK – as well as in other big economies, including the US and Germany – the issue has shot to the top of the policy agenda. Central bankers are under attack for […]

February 1, 2022

Economist Lisa Cook has often focused her research on policies that promote broad economic opportunity, particularly for racial minorities and women, an approach she could soon bring to the central bank and its policy making. President Biden has nominated Dr. […]

November 19, 2021

In practice, the incumbent, Jerome Powell, has probably not felt that during his term in office. Having been appointed by Donald Trump four years ago, Mr Powell had to endure constant sniping from the former president for his stewardship of […]

November 3, 2021

When the Federal Reserve wraps up its meeting today, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions undertaken in the wake of the pandemic. Wall […]

March 29, 2021

The Federal Reserve is not keeping monetary policy easy so the government can continue running up debts and deficits, Fed Governor Christopher Waller said Monday. Defending the Fed’s independence from the fiscal authorities in Congress, Waller rejected notions that the […]

January 4, 2021

Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time. The price of bitcoin rallied to a fresh all-time high over the weekend, topping […]

November 25, 2020

The Federal Reserve could provide clues about its bond buying program when it releases its minutes Wednesday, but the odds the central bank takes action at its December meeting have fallen slightly with the expected nomination of Janet Yellen as […]

September 22, 2020

Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work. In remarks the central bank leader will deliver Tuesday to the House Financial Services Committee, Powell reiterated […]

September 18, 2020

Gold futures edged up Friday morning and looked likely to post a weekly gain but the metal has thus far failed to score a big boost from Federal Reserve policy that signals a lower-for-longer path for interest rates for the […]

August 20, 2020

Gold prices headed sharply lower for a second day on Thursday, with downward momentum for the precious metal gaining some steam after the Federal Reserve said that it wasn’t inclined to use unconventional methods to keep interest rates low, even […]

April 8, 2020

Global shares mostly fell Wednesday amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world and keep vast swathes of the global economy under lockdown. France’s CAC 40 index dropped 1.5% to 4,371 after the […]

March 20, 2020

U.S. stocks moved higher Friday, capping a turbulent week on hopes government and central bank action can shield the global economy from the coronavirus pandemic. The Dow Jones Industrial Average rose 300 points, after a relatively modest change a day […]