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.... The currency is also vulnerable to hackers. Without a backstop central bank, heist victims stand to lose everything, as with the collapse of the MtGox bitcoin exchange in 2014. ... [Read full article on Guardian ]
Sunday 17th of September 2017 05:59:33 AM
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.... Yet core inflation has fallen in the US this year and remains stubbornly low in Europe and Japan. This creates a dilemma for major central banks – beginning with the US Federal Reserve and the European Central Bank – attempting to phase out unconventional monetary policies: they have secured higher growth, but are still not hitting their target of a 2% annual inflation rate. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 10:49:04 AM
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.... The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. ... [Read full article on Guardian ]
Friday 15th of September 2017 04:52:30 PM
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....On balance, he said inflation remains likely to overshoot the Bank’s 2% target over the next three years, forcing the MPC’s hand. Other central banks around the world are also seeking to raise interest rates, which means “the case for a modest monetary tightening is reinforced”. ... [Read full article on Guardian ]
Monday 18th of September 2017 03:36:20 PM
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. Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington DC for the annual meetings of the International Monetary Fund and the World Bank, they will confront a global economic order under increasing strain. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 06:20:30 AM
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....A new warning has been issued about the growing risk of a “debt trap” if interest rates around the world stay near zero, which has encouraged borrowing by households, businesses and governments. The Bank for International Settlements – known as the central bankers’ bank – highlighted the vulnerability of consumer, business and government finances to interest rate increases in its 174-page quarterly report. ... [Read full article on Guardian ]
Sunday 17th of September 2017 04:00:45 PM
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....25%. The move, announced after a two-day meeting by Fed officials, will start the gradual reduction of the central bank’s $4. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 06:10:52 PM
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....”. Markets have now been supported for a number of years by central banks providing cheap money and stimulus packages in the form of quantitative easing – or buying bonds off financial institutions in the hope they will invest the proceeds back into domestic economies. ... [Read full article on Guardian ]
Monday 18th of September 2017 11:10:43 AM
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.... Still, all of this might simply be bluster: Mark Carney was being called an “unreliable boyfriend” in 2014 for teasing markets to expect a rate hike. He may want to join central bankers in the US and Europe – who face their own problems – preparing to withdraw the punchbowl of cheap money, as Britain risks being the laggard on the global stage. ... [Read full article on Guardian ]
Sunday 17th of September 2017 01:38:31 PM
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Latest Finance News related to Central Bank

The great unwinding: Fed begins slow demise of its post-crash stimulus image
Source : Guardian [Read Article] Wednesday 20th of September 2017 06:10:52 PM
....25%. The move, announced after a two-day meeting by Fed officials, will start the gradual reduction of the central bank’s $4. ...
IMF and World Bank members must stop rise of economic non-order | Mohamed El-Erian image
. Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington DC for the annual meetings of the International Monetary Fund and the World Bank, they will confront a global economic order under increasing strain. ...
Why central banks are not hitting their 2% inflation target | Nouriel Roubini image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:49:04 AM
.... Yet core inflation has fallen in the US this year and remains stubbornly low in Europe and Japan. This creates a dilemma for major central banks – beginning with the US Federal Reserve and the European Central Bank – attempting to phase out unconventional monetary policies: they have secured higher growth, but are still not hitting their target of a 2% annual inflation rate. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
....On balance, he said inflation remains likely to overshoot the Bank’s 2% target over the next three years, forcing the MPC’s hand. Other central banks around the world are also seeking to raise interest rates, which means “the case for a modest monetary tightening is reinforced”. ...
Five reasons why global stock markets are surging | Nick Fletcher image
Source : Guardian [Read Article] Monday 18th of September 2017 11:10:43 AM
....”. Markets have now been supported for a number of years by central banks providing cheap money and stimulus packages in the form of quantitative easing – or buying bonds off financial institutions in the hope they will invest the proceeds back into domestic economies. ...
Growing risk of 'debt trap' if interest rates stay low, say central bankers image
Source : Guardian [Read Article] Sunday 17th of September 2017 04:00:45 PM
....A new warning has been issued about the growing risk of a “debt trap” if interest rates around the world stay near zero, which has encouraged borrowing by households, businesses and governments. The Bank for International Settlements – known as the central bankers’ bank – highlighted the vulnerability of consumer, business and government finances to interest rate increases in its 174-page quarterly report. ...
What will justify an interest rate rise in November? | Richard Partington image
Source : Guardian [Read Article] Sunday 17th of September 2017 01:38:31 PM
.... Still, all of this might simply be bluster: Mark Carney was being called an “unreliable boyfriend” in 2014 for teasing markets to expect a rate hike. He may want to join central bankers in the US and Europe – who face their own problems – preparing to withdraw the punchbowl of cheap money, as Britain risks being the laggard on the global stage. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
.... The currency is also vulnerable to hackers. Without a backstop central bank, heist victims stand to lose everything, as with the collapse of the MtGox bitcoin exchange in 2014. ...
Bitcoin value plummets after China orders trading in currency to cease image
Source : Guardian [Read Article] Friday 15th of September 2017 04:52:30 PM
.... The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
....The idea that governments are going to stand idle indefinitely and allow bitcoin and its cryptocurrency imitators to bypass banking systems and regulators is surely fanciful. As Dimon argues, countries like to control their currencies and money supply, which means ensuring that a central bank and a legal system stands behind the process. ...
Bitcoin is a fraud that will blow up, says JP Morgan boss image
Source : Guardian [Read Article] Wednesday 13th of September 2017 08:10:44 AM
.... The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. ...
UK cost-of-living crisis grows as dearer imports push inflation to 2.9% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 09:36:14 AM
....In its most recent state-of-the-nation report, Threadneedle Street’s monetary policy committee (MPC) said it expected inflation to plateau at around 3% before falling back while wages were forecast to maintain their current upward trajectory, possibly bringing to an end the recent fall in real incomes by the end of the year. But the central bank could come under pressure to bring inflation down more quickly, leading some City traders to speculate that the MPC may be forced to raise interest rates sooner than forecast. ...
Till Time’s Last Sand review – a bloodless history of the Bank of England image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:00:27 AM
.... Instead they could have been woven into the narrative with much greater colour and context without diluting the core focus. By the mid 1990s, as globalisation takes hold and Davos Man reigns supreme, the “cult of the central bank was gathering global momentum”. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
.... It will take a surge in wage rates to get past 3% to meet Pickering’s forecast of inflation-busting pay rises, but as he points out, three months of improving pay growth shows it is going in the right direction. Yet, given the Bank of England strike’s outcome, the central bank and its supporters in the City, at least as far as its analysis is concerned, seem completely out of touch. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
....Core inflation is considered a key indicator of an economy’s health. To the ranks of central bankers it reveals how much domestic pressure there is on prices from long-lasting factors such as wages, and not external shocks to prices that can disappear as fast as they emerge. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
....”. Investors have been looking for a better sense of the next Fed policy move by it chair, Janet Yellen, who gave away few clues last month at a meeting of central bankers at Jackson Hole, Wyoming. ...
Bank of England's talk of rate rise while winding down QE beggars belief | Phillip Inman image
....Which leaves us to ponder the forecasting prowess of the MPC as a whole. It beggars belief that while the government maintains its austerity drive and businesses consider the known unknowns thrown up by the Brexit talks, why the central bank would withdraw just about the only support the economy has from an agency of the state. ...
Janet Yellen rebukes Trump over plan to lift financial regulations image
Source : Guardian [Read Article] Friday 25th of August 2017 04:00:14 PM
. Donald Trump has been rebuked by the US central bank chief, Janet Yellen, for planning to scrap tough banking regulations that made the system “substantially safer” and did nothing to restrict growth or lending. ...
Your savings, your mortgage and your job depend on THESE bankers meeting in Wyoming today image
....Seismic market changes, which affect how much households pay for crucial financial products, can be triggered by the mere words of policymakers in Wyoming. City traders react at lightning speed to even the slightest nuance in comments by central bankers. ...
Why ECB president is still flooding the system with cheap money image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:17:13 PM
.... That’s a healthy level of activity and could be seen as an indicator of economic wellbeing. Why then is Draghi still keeping interest rates at near zero and flooding the system with cheap money? He could at least have said the day is nearing when the central bank can step back. ...
Quantitative easing is a costly habit we should have kicked long ago | Larry Elliott image
....Did Macpherson say this when he was working for Alastair Darling, who originally gave the Bank of England permission to start QE, or George Osborne, who said the economy needed more of it? We won’t know that until the records of the Great Recession and its aftermath are released in a couple of decades, but if he did the warning was not heeded. The best that can be said for QE is that it helped prevent an even deeper slump in the winter of 2008-09 but was of less importance than the re-capitalisation of the banks and the deep, co-ordinated cuts in interest rates from central banks. ...
Quantitative easing is like heroin, says former Treasury official image
Source : Guardian [Read Article] Monday 21st of August 2017 12:50:12 PM
. A former senior Treasury mandarin has compared quantitative easing to heroin and called for an end to almost a decade of electronic money printing by central banks. ...
Global investors look to Jackson Hole for signs of how QE will end image
Source : Guardian [Read Article] Sunday 20th of August 2017 12:03:19 PM
....The annual event, held at the Wyoming fishing retreat by the Federal Reserve Bank of Kansas City since 1978, takes place from 24 to 26 August. And it could provide the backdrop for the ECB president to signal the eventual withdrawal from loose monetary policy by the central bank. ...
Why haven't politicians learned from the financial crisis? | Mohamed El-Erian image
....In this process of cascading failures, overall financial conditions quickly flip from feast to famine. Private credit factories that seemed indestructible are brought to their knees, and central banks and governments are confronted with tough, inherently uncertain policy choices. ...
Sainsbury’s is right to delay Nisa deal after Tesco-Booker concerns | Nils Pratley image
....The board of CBA initially reacted by blaming a software glitch. It docked a few executive bonuses but, even as the deputy governor of the central bank was making pointed criticisms, backed its man. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... Back in the distant days when he was France’s finance and economy minister, he joked that he would “roll out the red carpet” for London-based bankers if Britain voted to leave Europe. He is evidently as good as his word: earlier this month, the City of London’s special Brexit envoy wrote in a memo that his recent meeting with high-ups at the French central bank was “the worst I have had anywhere in the EU”; and that Macron’s people were “crystal-clear about their underlying objective: the weakening of Britain, [and] the ongoing degradation of the City of London”. ...
Bank of England to keep animal fat in banknotes despite complaints image
Source : Guardian [Read Article] Thursday 10th of August 2017 10:11:31 AM
....The Bank of England has decided to stick to plastic banknotes despite complaints from vegans and religious groups that they contain tallow, an animal byproduct. The central bank concluded after “careful and serious consideration and extensive public consultation” that switching to palm oil alternatives would be costly and raise questions about environmental sustainability. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
....Ten years of necessary ultra-loose monetary policy have left British households as addicted to personal debt and consumption as ever, posing a significant risk to growth if weak income growth continues. With interest rates remaining near zero, we should realise we can’t be as dependent on central banks to manage a future downturn. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
.... A China-inspired global downturn would be a fresh phenomenon for the world, but the west would be ill-equipped to pick up the slack. The central bankers’ rate-cutting cupboard is bare. ...
SHOCK WARNING: Interest rates could soon RISE, Bank of England deputy says image
Source : Daily Express [Read Article] Friday 4th of August 2017 04:00:00 PM
....Laith Khalaf, senior analyst at Hargreaves Lansdown said: "The UK economy is faltering and consumer purses are under pressure, so it’s no surprise the Bank of England has decided not to upset the applecart by raising interest rates. "June also saw a surprise drop in inflation, relieving pressure on the central bank to tighten policy. ...
Credit crunch, 10 years on: fate of RBS shows global crisis is not over image
.... But it also raises another issue: has enough been done to prevent a repeat of the horrors of a decade ago, which began in August 2007?. Given concern that the record low interest rates and electronic money printing that central banks resorted to in the face of the biggest recession since the 1930s are storing up problems for the future, the question is simple: has anything really changed?. ...
Don't relax rules on City after Brexit, Mark Carney warns image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:00:19 PM
.... But speculation that the City could become a low-tax financial centre with a bonfire of regulations was firmly stamped on by Carney. The governor said central banks and financial regulators had to keep up their guard because the passing of time meant people started to forget why the rules had been put in place. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
....There, the authorities moved swiftly to quell the problems that had surfaced in its relatively small market for bonds that were quickly turning toxic. But it took longer for central banks and regulators to appreciate the scale of the crisis at the heart of the global financial system. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
.... Northern Rock had fewer than 80 branches, but the 24-hour news coverage meant the queues were broadcast on television scenes in living rooms around the UK and across the world. The next day, a Friday, King and Darling attended a meeting of EU finance ministers and central bank governors just outside Lisbon. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....Britain’s economy will surge back to life in the next six months following its slow start this year, a leading forecaster has predicted, prompting the Bank of England to raise interest rates next spring – more than a year earlier than its previous projection. The National Institute of Economic and Social Research (NIESR) said a boom in exports after the fall in the pound and a return to bumper wage rises next year would be enough to increase GDP growth to almost 2% and convince the central bank to increase the cost of borrowing. ...
Why bitcoin and its digital cousins are under increasing scrutiny image
Source : Guardian [Read Article] Monday 31st of July 2017 03:54:14 PM
....The Russian authorities have become increasingly concerned about the potential for digital currencies to be used for illicit means, but remain undecided about whether it is a currency or a financial asset. Elvira Nabiullina, governor of the Russian central bank, has said it should be regulated as a digital asset. ...
Last-minute talks bid to halt first Bank of England strike in 50 years image
. The Bank of England will hold last-ditch talks with the UK’s largest trade union on Monday as the central bank attempts to avert its first strike in 50 years. ...
Chancellor appoints Sir David Ramsden to Bank of England deputy role image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:28:15 PM
. Philip Hammond has filled the vacancy on the Bank of England’s interest rate setting committee left by the departure of Charlotte Hogg, following the appointment of Sir David Ramsden as the central bank’s new deputy governor. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
.... In the eurozone, growth is robust but inflationary pressure is weak. To be sure, inflation in the developed world is higher than it was a couple of years ago, when the collapse in oil prices meant central banks were fretting about the risk of deflation. ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
....Much of the reason for their optimism was a change of stance at the Federal Reserve. The US central bank signalled in late 2015 that the post-crash era of low inflation and low interest rates was coming to an end. ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....1528 early on Thursday, after scaling a 14-month high this week following seemingly hawkish comments by European Central Bank president Mario Draghi. At Thursday’s meeting, the central bank may drop a reference to its readiness to increase the size or duration of its asset-purchase programme before announcing in the autumn how and when it will start winding down its bond buying. ...
Key Bank of England policymaker 'not ready' for interest rate rise image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:45:21 PM
. The Bank of England should resist increasing interest rates while the direction of the economy remains unclear, according to one of the central bank’s senior policymakers, an announcement that reduces the chances of a rate hike this year. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
.... When, for example, Robert Lucas insisted that Eugene Fama’s efficient-markets hypothesis – which maintains that since a free market collates all available information to traders, the prices it yields can never be wrong – held true despite “a flood of criticism”, he did so with as much conviction and supporting evidence as his fellow economist Robert Shiller had mustered in rejecting the hypothesis. When the Swedish central bank had to decide who would win the 2013 Nobel prize in economics, it was torn between Shiller’s claim that markets frequently got the price wrong and Fama’s insistence that markets always got the price right. ...
Central banks are ending policies like QE – but they'll be back | Nouriel Roubini image
....Financial markets are starting to get rattled by the winding-down of unconventional monetary policies in many advanced economies. Soon enough, the Bank of Japan (BOJ) and the Swiss National Bank (SNB) will be the only central banks still maintaining unconventional monetary policies for the long term. ...
How healthy is the global financial system? | Mohamed El-Erian image
Source : Guardian [Read Article] Monday 10th of July 2017 09:00:47 AM
.... And, more importantly, financial risks have continued to migrate to non-bank activities. After irresponsible risk-taking almost tipped the global economy into a multi-year depression in 2007-2008, regulators and central banks in advanced economies launched a major effort to strengthen their financial systems. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
....The economy is already weakening and the main measure of economic activity, GDP, is likely to slump. If a central bank policymaker subscribes to these arguments, they might see themselves voting in August to reverse the emergency interest rate cut made last year – the one made in response to the panicky aftermath of the Brexit vote. ...
Russia's future looks bleak without economic and political reform | Kenneth Rogoff image
....The fact Russia has avoided a financial crisis is remarkable – and largely due to the efforts of the Central Bank of Russia. Indeed, Elvira Nabiullina, the CBR’s governor, has twice won international central banker of the year awards. ...
MPs and charities urge car leasers to publish sub-prime loan figures image
....Last week the Bank of England said it was concerned about rising consumer debt, warning that this posed a risk to the stability of the banking sector. In its financial stability report, the central bank, which is the main regulator for the financial services industry, said that over the past 10 years the banking sector’s total write-offs on consumer credit were 10 times higher than on mortgages, and that figure was likely to increase should the UK suffer an economic downturn. ...
Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell image
....■ Each Bitcoin is a string of computer code, which is protected by a personal key. It allows consumers to make electronic transactions without commercial banks as intermediaries, and outside the reach of central banks. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....The governor stressed that certain conditions needed to be met before he would side with MPC members pressing for higher rates, and hinted that he would not change his vote at their next meeting in August. “When the MPC last met earlier this month, my view was that given the mixed signals on consumer spending and business investment, it was too early to judge with confidence how large and persistent the slowdown in growth would prove,” Carney said at a gathering of central bankers in Portugal. ...
Google fine: EU is not waging underhand trade war against ​​US tech firms | Nils Pratley image
.... The wonder is that US regulators, who once upon a time had an honourable record of acting against powerful monopolists, have been so supine with the technology giants. You don’t have to be a central banker to know there is a mini-credit boom taking place in the UK. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....World leaders have been warned to guard against another financial crash after a steep rise in risky bank lending over the past year that could threaten the stability of the global financial system. The international body that represents central banks said a recovery in global trade this year and improving levels of GDP in most countries could create complacency and convince policymakers to ignore warning signs of excessive lending coming from the financial sector. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
.... The time for a rise was therefore imminent. Kristin Forbes, who is about to be replaced by London School of Economics academic Silvana Tenreyro, has long argued for higher rates as a way of arming the central bank for the next financial war. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
....London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business. The move by the Frankfurt-based ECB – the central bank for the 19 countries using the euro – follows a report by the European commission that called for the EU to have more powers over clearing of financial products denominated in euros after Brexit. ...
Inflation needs to be checked with rate increase, says MPC member image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:01:21 PM
. A Bank of England policymaker has heaped further pressure on Mark Carney, the governor, with a warning that the central bank’s policymakers have failed to spot an inflationary spiral that needs to be choked off with an immediate increase in interest rates. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....“Steady as she goes isn’t what is happening,” said Blanchflower, a professor of economics at Dartmouth College in the US. “It matters to the central bank and all of us that there is no credible government and no dependable fiscal authority. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
....This argument has now been extended beyond the banking system, to the capital markets themselves. Critics of central banks have claimed that a sustained policy of exceptionally low interest rates, reinforced by huge doses of quantitative easing, have caused asset prices to rise indiscriminately. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
. The international body that represents the world’s central banks has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
.... But, while the euro has been accompanied by a dramatic eurozone-wide fall in inflation, most other countries have managed to bring down inflation without it. Far more important to the achievement of price stability has been the advent of the modern independent central bank, a device that has helped dramatically reduce inflation levels worldwide. ...
Fed raises interest rates again in further sign of confidence in US economy image
. The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the huge economic stimulus plan brought in after the great recession. ...
Tech shares keep sinking amid concerns sector is slowing image
Source : Guardian [Read Article] Monday 12th of June 2017 04:33:15 PM
....”. Stock markets have been bolstered by the huge amounts of money the Fed and other central banks have poured into bond markets in an attempt to keep interest rates at record lows. ...
Japan growth rate revised down but business spending improves image
Source : BBC [Read Article] Thursday 8th of June 2017 07:28:41 AM
....2%. Japan's central bank meets next week and is now expected to keep policy unchanged following the latest data. ...
S&P lowers Qatar's credit rating image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:42 PM
.... . It said Qatar may need to use Qatar Investment Authority and sovereign wealth fund money, as well as central bank reserves to tackle any big outflow of funds. ...
Philippines partially lifts Qatar workers ban image
Source : BBC [Read Article] Wednesday 7th of June 2017 01:30:04 AM
....Many head to oil-rich Gulf countries like Saudi Arabia, which hosts nearly a million Filipinos, and Qatar. The Philippines central bank estimates the money sent back by its foreign workers last year was $26. ...
The global economy can recover faster if we avoid the obvious pifalls | Nouriel Roubini image
....Each deceleration episode lasted for about two months, at which point the correction in equity prices began to reverse. Investors’ fears were not borne out, and central banks began to ease their monetary policies; or, in the case of the Fed, put rate hikes on hold. ...
US adds fewer jobs than expected image
Source : BBC [Read Article] Friday 2nd of June 2017 12:56:13 PM
....Official job creation figures for March and April were also revised down. The jobs report is a closely watched barometer of the US economy and one of the metrics the US central bank considers as it sets interest rates. ...
Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase image
....The Wall Street Journal first reported on Sunday that the bank had bought $2. 8bn worth of bonds held by the country’s central bank. ...
Amazon shares hit $1,000 for first time image
Source : BBC [Read Article] Tuesday 30th of May 2017 03:11:46 PM
....The Fed targets a rate of 2% for the core PCE index. Many analysts expect that the US central bank will raise interest rates when it meets next month. ...
Dollar slips after cautious Fed minutes image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:05:38 PM
. US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. ...
China's credit rating downgraded amid fears over slowing economy image
Source : Guardian [Read Article] Wednesday 24th of May 2017 12:48:29 PM
....Luc Froehlich, head of investment directing for Asian fixed income at Fidelity International, said China was facing a number of issues: “The downgrade is yet another sign of the challenges faced by China, which is juggling rising leverage, declining economic growth rates and ongoing structural reforms. “Despite these mounting pressures, we are confident that China’s central bank and its regulators are firmly in control of the situation. ...
Bank of England governor falls for email prank but maintains his composure image
....The Bank declined to comment on the exchange. It has insisted in the past that it takes online security very seriously but the prank on the nation’s top central banker may raise questions about whether more precautions should be taken. ...

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