September 15, 2022
  • September 15, 2022

Central Banks

Central banks denounce inequalities

by on July 7, 2021 0

Data: BIS via Deutsche Bank; Graphic: Axios Visuals The world’s central banks are increasingly using their powerful platform to highlight inequalities. Why is this important: Central banks control the money supply and interest rates, which affects funding costs for everyone. Get market news worthy of your time with Axios Markets. Subscribe for free. Historically,...

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Investments by authorized banks in international sovereign bonds

by on July 5, 2021 0

Communications management 05.07.2021 Investments by authorized banks in international sovereign bonds The Central Bank of Sri Lanka (CBSL) wishes to provide the general public and the investment community with the following information, while refuting statements by rating agencies which continue to undermine the stability of the banking sector and fuel speculation regarding investments by...

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Monetary policy around the world is too loose

by on June 26, 2021 0

This commentary was posted recently by fund managers, research firms, and market newsletter writers and was edited by Barron’s. June 24: Is monetary policy backtracking in this highly unusual cycle? Markets only took a fleeting blow from the Fed’s slight pullback from uber-dovishness last week, as the big picture is that almost all central...

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China tests digital yuan in salary payments

by on June 15, 2021 0

Share Tweeter Share Share Share E-mail The digital yuan is now in play in the new Chinese zone of Xiong’an, CoinDesk reported. The district, located about 100 kilometers south of Beijing, has served as a testing ground for new economic ideas, according to the report. The digital yuan, a central bank digital currency (CBDC),...

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European Central Bank drops predictive pessimism

by on June 12, 2021 0

/ forum The European Central Bank has made the biggest revision of its macroeconomic outlook for the coming years since the start of the pandemic. Analysts have clearly raised the expected price of GDP, which, according to forecasts today, will be in about two years at the level which would have been without the...

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Thai central bank allows banks to pay interim dividends

by on June 11, 2021 0

BANGKOK, June 11 (Reuters): Thailand’s central bank has allowed banks to pay interim dividends as lenders are strong with sufficient capital to withstand the impact of COVID-19 outbreaks, the governor said. Banks are allowed to pay interim dividends not exceeding last year’s dividend payment rates and up to 50% of net profits in the...

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France opens an investigation into the corruption of the head of the central bank of Lebanon | News from banks

by on June 7, 2021 0

French prosecutors have opened a preliminary investigation into money laundering allegations against longtime Lebanese central bank chief Riad Salameh, who is also accused of being associated with an organized criminal group. French prosecutors have opened a preliminary investigation into money laundering allegations against the governor of Lebanon’s central bank, the prosecutor’s office said on...

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“Bitcoin will be remembered for pushing central banks to adopt digital currency,” says CEO of Europe’s largest asset manager

by on June 6, 2021 0

Amundi’s Chief Investment Officer (CIO), who complaints to be the largest asset manager in Europe (with € 1.755 trillion in assets under management as of March 31, 2021, Bitcoin spoke at a recent press conference. According to a item by Newsweek (who used a report by Reuters as source) published Thursday 3 June, Amundi...

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G7 edict includes statement on central bank digital currency

by on June 5, 2021 0

G7 finance ministers, as well as several international organizations, have met in recent days in the UK to discuss “building a strong, sustainable, balanced and inclusive global economic recovery”. Between the goal of creating a 15% global minimum tax targeting big tech companies and creating a “green global financial system” was a statement on...

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ANZ, Westpac see Australian bank adopt flexible bond purchase plan in July

by on June 4, 2021 0

SYDNEY, June 4 (Reuters) – Economists from Australia’s two main lenders expect the country’s central bank to switch to a “flexible” quantitative easing (QE) program, underlining uncertainty over its possible decision to reduce its extraordinary stimulus plan. Westpac Banking Corp and ANZ Banking Group now expect Reserve Bank of Australia (RBA) to announce weekly...

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Potential storms ahead in the banking sector

by on June 3, 2021 0

Panelists discuss the possible impact of corporate bankruptcies on European banks emerging from the pandemic and note that central banks are juggling digital currencies; unable to stop their arrival but must still organize progress and ensure that technology does not weaken financial stability. The session examined structural trends in the financial sector that have...

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Supervisors step up pressure on banks to tackle climate risk

by on May 31, 2021 0

Two motorized paragliders circled the headquarters of the European Central Bank earlier this year, before landing there to unfurl a bright yellow Greenpeace banner declaring “Stop funding climate killers”. The message to the region’s monetary policy makers was clear. The specific target of the protesters was the more than 300 billion euros in bonds...

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Central Bank of Kuwait warns against crypto-assets

by on May 29, 2021 0

The Central Bank of Kuwait has warned citizens against trading in cryptocurrencies amid growing investor concerns. Image Credit: Provided Dubai: The Central Bank of Kuwait has warned citizens against trading in cryptocurrencies amid growing investor concerns. The CBK warning follows recent crazy swings in the valuations of major global crypto currencies such as Bitcoin,...

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Cathie Wood says central banks could add crypto to their balance sheets. Here is the list of bitcoin skeptical central bankers who think otherwise. | Currency News | Financial and business news

by on May 28, 2021 0

Cathie Wood is CEO and Chief Investment Officer of ARK Invest, which manages three of the most profitable ETFs of the past three years. ARK Invest Superstar investor Cathie Wood said on Thursday that central banks in emerging markets may add cryptocurrencies to their balance sheets to hedge against the effects of deflation as...

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The vigilance of the Fed’s regional banks endangers the independence of the central bank

by on May 25, 2021 0

Georgia Republican gubernatorial candidate Vernon Jones argues critical race theory has no place in classrooms and explains why he is challenging Gov. Brian Kemp in the GOP primary. Regional Federal Reserve Banks are taking an increasingly “alarming” stance on politically charged issues like racial justice, according to Sen. Pat Toomey, a Republican from Pennsylvania...

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Kuwait Central Bank issues warning regarding Bitcoin, Ethereum, DogeCoin, and other crypto investments

by on May 25, 2021 0

the Central Bank of Kuwait issued a statement on crypto assets and their risks. KuwaitThe company’s reserve bank says it aims to increase financial awareness and intends to encourage the Kuwaiti banking sector to adopt socially responsible business practices. The Central Bank of Kuwait shared information on the high risks involved in conducting transactions...

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How digital currencies work – Marketplace

by on May 21, 2021 0

The Federal Reserve on Thursday dropped an announcement by President Jay Powell for a central bank digital currency – a digital dollar – for the United States The Fed is thinking about it and will continue to think about it, he said, and this summer it will release a paper on the benefits and...

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Stocks, oil and bitcoin sink in volatile trading

by on May 19, 2021 0

Stock markets, oil prices and bitcoin sank on Wednesday as a string of issues ranging from rising inflation to the crackdown on cryptocurrencies in China spooked investors. Wall Street had opened significantly lower, joining markets in Europe and Asia who feared central banks would end easy monetary policies to tame inflation. But US markets...

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Ex-officials prevented from becoming bank manager

by on May 16, 2021 0

No former contractual or permanent manager of a programmed bank would be allowed to serve as a director in the bank, according to a directive from the Bangladesh Bank. The central bank issued the directive as several former bank employees hold directorships at banks they previously served, a senior BB official said. The official...

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Interest in central bank digital currencies continues to grow

by on May 13, 2021 0

Several governments have already started experimenting with their own digital currencies Despite the unpredictable and volatile nature of cryptocurrencies like Bitcoin or even Dogecoin, central banks around the world are conducting trials or at the very least considering using their own digital currencies. According to data from the Bank for International Settlements, over 80%...

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Accelerating inflation poses a dilemma for central banks in Latin America: Moody’s Analytics

by on May 11, 2021 0

Rising inflation in several Latin American countries poses a dilemma for central banks, which will have to choose between curbing price increases and stimulating weak economies, according to Alfredo Coutino, director for Latin America at Moody’s Analytics. In an interview with Xinhua, the head of regional economic research of the analytical arm of the...

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Financial inclusion, stability of payments, efficiency and implementation of monetary policy touted as benefits of central bank digital currencies

by on May 10, 2021 0

Central bank digital currencies, using an electronic record or digital token to represent the virtual form of a country’s fiat money, could offer a range of benefits, according to a research report by the financial management firm Bernstein. . The report argues that in an environment where more than half of all payments are...

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DBRS Morningstar: Shadow Banking Saved By Central Banks During COVID-19 Crisis But Risks Remain

by on May 10, 2021 0

NEW YORK–(BUSINESS WIRE) – DBRS, Inc. (DBRS Morningstar) posted a commentary analyzing the impact of the coronavirus disease (COVID-19) pandemic on shadow banking. In a tense environment, withdrawals, funding difficulties and other disruptions in shadow banks can have a pervasive impact on the markets. Positively, the extraordinary measures taken by central banks to inject...

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EM rate – No deviation from the status quo

by on May 8, 2021 0

Through Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy Brazil maintained the same pace of rate hikes (75 basis points) and guidance. Turkey was left hanging with a seemingly hawkish statement – but is it just lip service? “More of the same” – The Brazilian central bank continued to anticipate rate hikes, maintaining...

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Business News | Stock market and stock market news

by on May 8, 2021 0

Search for quotes, news, net asset values ​​of mutual funds Tata Steel INE081A01012, TATASTEEL, 500470 Yes Bank INE528G01035, YESBANK, 532648 NAVIGATE INE114A01011, SAIL, 500113 Power of trust INE614G01033, RPOWER, 532939 Bandhan Bank INE545U01014, BANDHANBNK, 541153 Find quotes, news, net asset values ​​from mutual funds Tata Steel INE081A01012, TATASTEEL, 500470 Yes Bank INE528G01035, YESBANK, 532648...

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As long as Bitcoin has been seen this way, “ governments and central banks will not eliminate or ban it ”

by on May 7, 2021 0

Most crypto communities believe that Bitcoin and other digital assets pose a threat to central banks, governments, and treasuries to some extent. However, in a recent interview, Michael Saylor, founder and CEO of Microstrategy expressed his opposite notion on the same. He stated, “I think the most common misconception in the world is that...

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Fed offers criteria for fintechs seeking central banking services

by on May 5, 2021 0

WASHINGTON – The Federal Reserve has proposed new guidelines for regional banks in the system when considering giving access to fintech companies that have obtained a banking charter. The U.S. central bank‘s guidelines released on Wednesday could have huge ramifications on whether companies with restricted-use charters – often without Federal Deposit Insurance Corp. approval....

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How Central Banks Tackle Climate Change Risks – The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

by on May 5, 2021 0

(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silvia Anna Ainio, Policy Officer, European Commission Central banks are playing an increasingly critical role in tackling climate change policy goals. Integrating climate-related risks into regulatory frameworks remains difficult, but central banks...

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Stocks stall near highs, dollar goes higher

by on May 4, 2021 0

Global stock indices stagnated near all-time highs on Tuesday, and dollar and government bond yields soared as some of the world’s largest economies continued to ease restrictions on COVID-19. Soaring prices for almost everything from wood and wheat to metals and microchips have fueled discussions of a spike in inflation. Sensitive cyclical sectors including...

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Top 10 countries with the largest gold reserves

by on May 2, 2021 0

Central banks have been net buyers of gold for 11 consecutive years. According to World Gold Council (WGC) data, central banks around the world bought 272.9 tonnes of bullion in 2020. Last year’s purchases were 60% below the record 668 tonnes added in 2019. The COVID-19 pandemic has been a more powerful engine for...

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The reverse interest rate: a new motive for countercyclical macroprudential policy

by on May 2, 2021 0

The reverse interest rate: a new motive for countercyclical macroprudential policy The prolonged period of negative interest rates in the euro area and other advanced economies has raised concerns that further monetary policy accommodation may have the opposite effect than expected. More specifically, further easing of monetary policy into negative territory risks producing contraction...

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