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Tag: central bank


Financial Services, Industries

BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY

March 19, 2024

Via: DailyFX

The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative borrowing […]


News

Yearly inflation in Turkey rises to new 24-year high of 85%

November 3, 2022

Via: ABC News

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 […]


Financial Services, Industries

China Central Bank Wants Lenders To Step Up And Help Spur Economy: Here’s What It Plans

October 14, 2022

Via: Markets Insider

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 […]


Financial Services, Industries

UK central bank intervenes in market to halt economic crisis

September 28, 2022

Via: ABC News

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 […]


Finance Tech, Liquidity

US Dollar Price Action: USD/JPY, EUR/USD, GBP/USD

August 1, 2022

Via: DailyFX

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 […]


Financial Services, Industries

Contractionary Monetary Policy: What is it and How Does it Work?

June 28, 2022

Via: DailyFX

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 […]


Finance Tech, Liquidity

Euro Latest – EUR/USD Back Above 1.0900 on Further Hawkish Commentary

April 21, 2022

Via: DailyFX

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 […]


News

Powell Says Fed Is on Track to Raise Rates in Two Weeks

March 2, 2022

Via: The Wall Street Journal

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 […]


Finance Tech, Liquidity

Major FX Update: USD, EUR, JPY as SWIFT Limitations Take Effect

February 28, 2022

Via: DailyFX

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 […]


News

Is Jack Monroe right about inflation hurting the poor the most?

February 9, 2022

Via: MoneyWeek

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 […]


News

Fed Nominee Has Studied How Policies Affect Economic Opportunities

February 1, 2022

Via: The Wall Street Journal

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. […]


Financial Services, Industries, News

Biden’s pick for Fed chair is finely balanced as removing Powell could spark Senate battle

November 19, 2021

Via: Sky News

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 […]


News

Federal Reserve set to announce start of its withdrawal of emergency support for the economy

November 3, 2021

Via: NBC News

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 […]


Finance Tech, Liquidity

Fed’s Waller says the central bank isn’t keeping rates low to finance government debt

March 29, 2021

Via: CNBC

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 […]


Finance Tech, Liquidity

Bitcoin falls over 10% as record-breaking rally loses steam

January 4, 2021

Via: CNBC

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 […]


Finance Tech, Liquidity, Trading

The market is looking for clues from the Fed on whether it will adjust bond buying

November 25, 2020

Via: CNBC

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 […]


News

Powell pledges the Fed’s economic aid ‘for as long as it takes’

September 22, 2020

Via: CNBC

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 […]


Finance Tech, Liquidity

Gold futures trade higher for day, poised for modest weekly gain

September 18, 2020

Via: Market Watch

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 […]


Finance Tech, Liquidity

Gold prices fall for a second session as the dollar extends firming trend

August 20, 2020

Via: Market Watch

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 […]


Finance Tech, Trading

Global shares mostly lower amid worries on pandemic toll

April 8, 2020

Via: ABC News

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 […]