WELLINGTON, New Zealand – New Zealand’s central bank has said it will cut stimulus to the economy as inflation pressures rise and growth rebounds after the pandemic. The Reserve Bank of New Zealand said on Wednesday it would cease its purchases of New Zealand government bonds – which had helped keep wholesale interest rates...
Read MoreLONDON, July 12 (Reuters) – Around a third of central banks and sovereign wealth funds have focused on environmental, social and governance issues over the past year as the COVID-19 pandemic has highlighted issues ranging from carbon emissions to inequalities, according to Invesco. survey found. In total, 63% of central banks responding to the...
Read MoreRoberto Campos Neto, speaking live at the Miami Herbert Business School, stressed that the new technology-driven policies developed by the central bank are essential to the country’s strong economic recovery. In his speech to a select audience at the Storer Auditorium on July 8, the President of the Central Bank of Brazil, Roberto Campos...
Read MoreEvery economically literate reader, even at the middle level, knew this was going to happen, because, well, it happens after every crisis. Yes, the inevitable discussion of central banks and their falsification of quantitative easing of bond purchases that is so delicate it keeps everyone going, is repeating itself. As we get stuck in...
Read MoreData: 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,...
Read MoreCommunications 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...
Read MoreBombay: The risk of climate change to financial stability is increasing and an appropriate policy framework is needed to identify, assess and manage this risk, according to the Reserve Bank of India. In its financial stability report, RBI said some central banks have started to prepare to monitor and manage climate risks. The Bank...
Read MoreThe 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 inflation, according to two sources attending the meeting of investors of the bank. In his speech, Kavcıoğlu said that the benchmark rate – the one-week repo...
Read MoreA man points to a computer screen displaying stock information in this illustrative photo taken in Bordeaux, France on March 30, 2016. REUTERS / Regis Duvignau Fed’s hawkish turn highlights risk of early stimulus withdrawal Premature tightening derailed recovery after financial crisis But governments are now focusing on continued support LONDON, July 1 (Reuters)...
Read MoreMOSCOW, June 29. / TASS /. The Bank of Russia has formed a pilot group of 12 banks to test the digital ruble platform, the regulator mentionned in a press release on Tuesday. “The first pilot group was formed to test the digital ruble. The group consists of 12 banks which have declared their...
Read MoreNew Delhi: On a further step towards the privatization of two public sector banks, a high-level panel led by the cabinet secretary recently held a meeting to discuss various regulatory and administrative issues so that the proposal can be submitted to the group of ministers on divestment or Alternative Mechanism (AM) for approval. In...
Read MoreThis 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...
Read More* MSCI Cancels Emerging Market Status Of Argentina * Mexican Peso Expected To Become Best Week For Over A Year * Latam FX To Raise Almost 3% This Week By Ambar Warrick June 25 (Reuters) – Mexican Peso extended its gains on Friday after a surprise interest rate hike, as Latin American currencies were...
Read MoreTunis / Tunisia – The Central Bank of Tunisia (BCT) works, in coordination with the central banks of other African countries, to increase cooperation in the areas of finance, integration and modernization of African payment systems , with the aim of creating a Central Bank, BCT Governor Marouen Abbassi said Thursday. He delivered a...
Read MoreInsurance and investment clients in the UAE benefit from a more transparent and protected regime after the UAE central bank issued guidelines on fees, charges and commissions levied by banks and financial companies offering savings and investment products and products without guaranteed capital. The central bank issued a circular on June 13, 2021 to...
Read MoreBy Kaori Kaneko, Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan must relax its inflation target so that it can take into account not only price growth but also the output gap and job creation when deciding monetary policy , said an academic close to BOJ governor Haruhiko Kuroda. FILE PHOTO: Bank of...
Read MoreIn less than three months, El Salvador intends to become the first country in the world to make Bitcoin its official currency alongside the US dollar. The country’s President, Nayib Bukele, a populist and media-savvy disruptor, said his move will create jobs, enable financial inclusion for tens of thousands of the country’s citizens who...
Read MoreIn less than three months, El Salvador intends to become the first country in the world to make bitcoin its official currency alongside the US dollar. President Nayib Bukele, a populist and media-savvy disruptor, says his move will create jobs, enable the financial inclusion of tens of thousands of the country’s citizens who operate...
Read MoreIn less than three months, El Salvador intends to become the first country in the world to make bitcoin its official currency alongside the US dollar. The country’s President, Nayib Bukele, a populist and a savvy media disruptor, said his move will create jobs, enable financial inclusion for tens of thousands of the country’s...
Read MoreThe logo of the Central Bank of Nigeria is seen at its headquarters in Abuja, Nigeria on January 22, 2018. REUTERS / Afolabi Sotunde / File Photo ABUJA, June 18 (Reuters) – The Central Bank of Nigeria is preparing a digital currency pilot project that could be launched as early as the end of...
Read MoreAbout 3,000 bankers quit or lose their jobs, bankers say Private sector loans drop by a quarter, bank says Banks face biggest challenge since 1975-1990 civil war “The industry is dead,” says senior banker BEIRUT, June 17 (Reuters) – Lebanese banks, which once fueled the economy by sucking billions of dollars in deposits from...
Read MoreLONDON, June 15 (Reuters) – A digital euro could suck 8% of deposits from customers of eurozone banks, analysts at Morgan Stanley have estimated, although the share may be much higher in some of the smaller countries in the bloc of 19 nations. . The European Central Bank is expected to step up work...
Read MoreShare 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),...
Read MoreAs the amount of funds invested through exchange-traded funds and other passive index vehicles stands at $ 8 billion globally (June 2 report), central banks are overlooking some key risks that could put pressure on the market. global financial systems. First, the growing concentration among the major ETF providers comes with idiosyncratic risks, so...
Read More/ 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...
Read MoreThis week’s economic growth figures reaffirmed the message that removing restrictions on Covid-19 is causing a rapid return to economic growth. The United States and the United Kingdom recorded strong figures for the first part of the year, while official estimates for the euro area show significantly better than expected growth. And unlike last...
Read MoreBANGKOK, 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...
Read MoreGas prices are seen after the US consumer price spike in April, with a measure of core inflation exceeding the Federal Reserve’s 2% target in Beverly Hills, California, States United, June 2, 2021. REUTERS / Lucy Nicholson As the big names in the investment world rush to warn of long-absent inflation to come, financial...
Read MoreEditor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here ! (Kitco News) – Central banks expect gold to continue to play a significant role in their reserves, according to the latest research from the...
Read MoreFrench 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...
Read MoreAmundi’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...
Read MoreG7 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...
Read MoreNew Clint chan tack 3 hours ago TT polymer banknotes. Photo file The Central Bank predicts that the transition from cotton banknotes to polymer banknotes should be completed by January 1, 2022. This was reflected in a statement issued by the bank announcing that from that date, banknotes in denominations of $ 1, $...
Read MoreSYDNEY, 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...
Read MorePanelists 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...
Read MoreA general view of Axiata’s headquarters in Kuala Lumpur, Malaysia on October 1, 2019. REUTERS / Lim Huey Teng Malaysian telecommunications company Axiata Group Bhd (AXIA.KL) and RHB Bank Bhd (RHBC.KL) have jointly bid on a digital banking license, the two companies said on Wednesday. Axiata’s e-wallet unit Boost Holdings Sdn Bhd has signed...
Read MoreBloomberg China considers new holding company for bad debt managers Huarong (Bloomberg) – China’s Ministry of Finance is considering a proposal to transfer its shares in China Huarong Asset Management Co. and three other bad debt managers to a new holding company modeled on the one that holds the government’s stakes in the banks...
Read MoreTwo 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...
Read MoreThe 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,...
Read MoreCathie 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...
Read MoreGold stored at the Bank of England recently sold at unusually high premiums, indicating that central banks could come back into the market. Gold in the Bank of England‘s reserves in London – one of the largest bullion reserves in the world – is stored and sold on behalf of other central and commercial...
Read MoreShare Tweet Share Share Share E-mail The Bank of Mauritius, based in France, aims to launch a central bank digital currency (CBDC) by the end of this year, CoinDesk reported. “The CBDCs will be there to fill in and fill in the gaps that the traditional monetary system is not able to fill,” said...
Read More(Add details) WELLINGTON, May 26 (Reuters) – The Reserve Bank of New Zealand (RBNZ) kept its official treasury rate (OCR) unchanged in a widely expected decision on Wednesday, but projected a rate hike by September of l next year, which would increase the local currency. The central bank kept its Large Scale Asset Purchase...
Read MoreGeorgia 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...
Read Morethe 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...
Read MoreIn a week with few notable moves among major currencies, a hawkish turn by central banks in Eastern Europe stole the show and propelled the Polish zloty and Hungarian forint to the top of the emerging currency performance rankings. VS Commodity prices retreated, which had a predictable effect on oil-dependent currencies, and the Chilean...
Read MoreThe United States has taken a decisive step towards issuing its own central bank digital currency, with the Federal Reserve announcing that it will release a research paper later this year that explores the move further. The timing of this announcement is significant in two ways – first, it comes at a time when...
Read MoreGermany’s economy is going through a time of change as it tries to shake off the coronavirus crisis as Chancellor Angela Merkel’s era draws to a close. In just three months, on Wednesday, voters will choose a new government in an election that bodes well for a turning point as she leaves a political...
Read MoreThe 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...
Read MoreOverview of central bank supervision: During the extended period between the April 28 and June 16 meetings, market participants were afforded ample opportunity to listen to a litany of Fed policymakers discuss the state of the US economy. Even as higher price pressures have arisen, Fed policymakers have been resolute in their intention to...
Read MoreStock 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...
Read MoreBloomberg China puts Australia on alert with push to diversify iron ore (Bloomberg) – Beijing shed light on trade tensions with its main raw materials supplier Australia after the government’s economic planning agency said it was looking to diversify the supply of iron ore from China. Chinese companies should boost domestic exploration for steel...
Read MoreClimate change is no longer a moot issue, with some research models suggesting that up to a quarter of global GDP – currently around $ 80 billion – could be lost if no action is taken to reduce dioxide emissions of carbon.All over the world, central banks, policymakers and investors are realizing the reality.Certainly,...
Read MoreImposes an administrative penalty on S&S Brokerage House. The Central Bank of the United Arab Emirates (CBUAE) said on Tuesday it had imposed administrative sanctions on the & S Brokerage House operating in the country and also revoked its license for violating the rules. The regulator said in a statement that S&S Brokerage House...
Read MoreThe Reserve Bank of Australia has said it will pay “close attention” to economic data and financial market conditions when it decides to extend its target maturity date and undertake further quantitative easing. The RBA is to call at its July 6 meeting on whether to move the three-year yield target to the November...
Read MoreRegister now to our Next Africa newsletter and follow Bloomberg Africa on Twitter Central bankers in eight countries in sub-Saharan Africa are expected to keep interest rates unchanged for the next two weeks, as the slow rollout of Covid-19 vaccines means their economies remain vulnerable to a new wave of the virus. After the...
Read MoreThe National Bank of Romania (BNR) has revised upwards its headline inflation projections for the end of 2021 to 4.1% (+ 0.7 pp compared to the previous scenario) and for the end of 2022 to 3% (+ 0.2 pp). While one-off shocks will lead to transient effects this year, the economic recovery (and possibly...
Read MoreNo 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...
Read MoreBond markets are notorious for pushing their agenda forward, and in Eastern Europe right now they’re pushing for rate hikes, not to mention what central banks have to say about it. Bond yields from Hungary and Poland are rising faster than anywhere else in Europe. Hungary jumped 32 basis points last week, signaling traders...
Read MoreSubscribe to the New Economy Daily newsletter, follow us @economy and subscribe to our Podcast. China’s robust economic momentum appears to have continued into the second quarter as its factory-led recovery spread to the consumer – while strengthening inflationary pressures. Industrial production likely rose 10% in April from a year earlier, while retail sales...
Read MoreNew Clint chan tack 17 hours ago TT Central Bank in Port of Spain. PHOTO BY JEFF K MAYERS The central bank said a moratorium on deferred lending is in effect until September 30. The bank also said it would meet with commercial banks in the coming weeks “to discuss detailed plans in place...
Read More(Reuters) – If you need cash in Myanmar, you have to get up early. Queues start to form outside banks at 4 a.m., where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank when it opens at 9:30 a.m. and withdraw. money, according to...
Read MoreSeveral 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%...
Read MoreBreadcrumb Links Economy Kevin Carmichael: Poloz believes the world is just finding its way to a new balance between supply and demand Author of the article: Kevin carmichael Stephen Poloz, former Governor of the Bank of Canada, has a different view of inflation concerns than many investors. Photo by Chris Young / The Canadian...
Read MoreHouses stand in floodwaters caused by Hurricane Florence, in this aerial photo, on the outskirts of Lumberton, North Carolina, United States, September 17, 2018. REUTERS / Jason Miczek The U.S. Federal Reserve has asked lenders to start reporting the steps they are taking to mitigate climate change risks on their balance sheets, according to...
Read MoreTipRanks 2 “Strong Buy” shares with a dividend yield of at least 7% Are we seeing signs of danger in the markets? At first glance, this does not appear to be the case. The S&P 500 is just below its all-time high, as is the Dow Jones average. The big tech giants – Amazon,...
Read MoreRising 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...
Read MoreBy Steven Scheer JERUSALEM (Reuters) – Israel’s central bank said on Tuesday it was once again considering issuing a digital shekel that would create a more efficient payments system. The Bank of Israel began to consider the possibility of issuing a central bank digital currency (CBDC) at the end of 2017, but a year...
Read MoreCentral 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...
Read MoreNEW 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...
Read MoreBreadcrumb Links Author of the article: Content of the article JERUSALEM – Israel’s economy is recovering quickly from COVID crisis, but interest rate hikes are quite far away given that inflation is expected to remain well contained, Bank of Israel Governor Amir Yaron said . Yaron said policymakers began to focus on inflation again...
Read MoreTHE THE BANKING SYSTEM remains resilient amid the pandemic, but the Bangko Sentral ng Pilipinas (BSP) said it may be necessary to reassess current banking regulations to accommodate the new normal. BSP’s report on the Philippine financial system for the second half of 2020 showed that banks have been able to weather the crisis...
Read MoreSubscribe to our Middle East newsletter and follow us @Middle East for news from the region. Iran is pushing for its banking sector to receive guaranteed and definitive sanctions relief in talks to restore the country’s nuclear deal with world powers. “The lifting of sanctions against the central bank, Iranian banks, SWIFT and any...
Read MoreThrough 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...
Read MoreSearch 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...
Read MoreMastercard is reportedly in negotiations with China’s central bank to support cross-border use of the digital yuan. According to SCMP, the card payments giant is in talks with the People’s Bank of China (PBOC) and other central banks to allow the conversion of their respective digital currencies into fiat currencies. The idea is to...
Read MoreMost 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...
Read MoreThe Central Bank of Bosnia and Herzegovina (CBBH) conducted a survey of banks’ lending activity, the purpose of which is to better understand trends in lending standards and conditions of commercial banks and to examine the supply and application for loans in BiH. The results for the third and fourth quarters of 2020 have...
Read MoreThe share of U.S. dollar reserves held by central banks around the world hit a 25-year low in the fourth quarter of 2020, according to the International Monetary Fund. U.S. dollar assets in central bank reserves fell to 59% from 60.5% in the third quarter of 2020, while the euro’s share is around 20%....
Read MoreWASHINGTON – 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....
Read More(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...
Read More(Add details) WELLINGTON, May 5 (Reuters) – The Reserve Bank of New Zealand (RBNZ) said the country has weathered the COVID-19 pandemic better than initially feared, but financial vulnerabilities remain and more actions might be needed to control a bloated real estate market. “Successful public health measures, coupled with substantial support for monetary and...
Read MoreGlobal 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...
Read MoreTwo of Europe’s oldest women central bankers called for more decisive action to promote women’s careers in economics and improve decision-making in their institutions. Isabel Schnabel, a member of the board of directors of the European Central Bank, told the Financial Times that she was often the only woman at meetings. The presence of...
Read MoreThe central bank stated that the action against the private lender was in the exercise of the powers conferred on RBI under the provisions of Section 47 A (1) (c) read together with Section 46 (4) (i ) of the Banking Regulation Act 1949. The Reserve Bank of India (RBI) imposed a financial penalty...
Read MoreInflation has risen in the eurozone in recent months, but there is little consensus on whether Europe is heading for a persistent rise in inflation as countries emerge from the pandemic. Markus Demary and Michael hüther write that central banks may nonetheless be faced with a dilemma about whether to act if inflation increases...
Read MoreWinklevoss predicted in 2015 that Bitcoin’s market capitalization would reach $ 1 trillion, which happened in 2021. A central bank will have Bitcoin on its balance sheet because it has gold on its balance sheet, bitcoin advocate Tyler Winklevoss, co-founder of Gemini, said during an AIM Summit webinar on the convergence of crypto markets...
Read MoreCentral 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...
Read MoreThe 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...
Read MoreSome major changes may soon be made at a central bank near you, with around 90% of them at some point in the development of a central bank digital currency, or CBDC. In October 2020, the Bahamas became the first economy to introduce its own CBDC, the Sand Dollar, but many more national currencies...
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