Articles for Central Banks

Governments and banks once mocked Bitcoin. Now they want in on it
2 days, 14 hours ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

Money Trump Crypto Digital Bitcoin Currency Central Banks
Prudence wins the day: RBI didn’t go in for a knee-jerk rate cut
2 weeks, 1 day ago

Prudence wins the day: RBI didn’t go in for a knee-jerk rate cut

Live Mint  

There’s something about the Reserve Bank of India’s Monetary Policy Committee meetings that makes these the cynosure of all eyes. Or the fact that it was the first after the government waded into RBI’s territory with first commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman making public statements on the need to cut policy rates. But …

Growth Inflation Bank Central Banks Central Rate Rbi
OECD warns central banks about rate cuts
2 weeks, 4 days ago

OECD warns central banks about rate cuts

China Daily  

FILE PHOTO: European Central Bank President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany September 12, 2024. The Organisation for Economic Co-operation and Development, or OECD, has forecast continued economic resilience globally despite headwinds, while warning central banks against cutting interest rates too quickly amid persistent service-sector inflation. In its latest Economic Outlook …

Growth Inflation Central Banks Central Oecd Cormann Remain Resilient
OECD warns central banks about rate cuts
2 weeks, 4 days ago

OECD warns central banks about rate cuts

China Daily  

FILE PHOTO: European Central Bank President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany September 12, 2024. The Organisation for Economic Co-operation and Development, or OECD, has forecast continued economic resilience globally despite headwinds, while warning central banks against cutting interest rates too quickly amid persistent service-sector inflation. In its latest Economic Outlook …

Growth Inflation Central Banks Central Oecd Cormann Remain Resilient
Optimal Communication is gold standard for central bankers
1 month ago

Optimal Communication is gold standard for central bankers

Deccan Chronicle  

Mumbai: Optimal communication is the gold standard for all standard bankers, said the Reserve Bank of India deputy governor Michael Patra on Friday. “The optimal level of communication remains the gold standard for all central bankers – too much can create a “signal extraction problem” while too little can keep the markets guessing,” said Patra. Empirical evidence in the Indian …

Communication Policy Guidance Central Banks Central Rbi Forward
Price stability bedrock of sustained economic growth, says RBI chief
Trending News
1 month ago

Price stability bedrock of sustained economic growth, says RBI chief

Live Mint  

Mumbai: Price stability is just as crucial as growth to reduce uncertainty and encourage savings and investment, which in turn would boost economic growth, India’s central bank chief insisted. Insisting that price stability supports sustained economic growth, Das in his speech said price stability was important also because high inflation tends to be disproportionately burdensome on the poor. Das also …

Global India Growth Inflation Monetary Policy Economic Growth Economic
Africa Central Banks Expected to Cut
1 month ago

Africa Central Banks Expected to Cut

Bloomberg  

00:00 Yvonne, let's just talk, first of all, about the Trump effect and what that is going to have on African central banks. I mean, how big a reality is high inflation for the other countries as well, especially as we're watching inflation data today in South Africa? So if we're heading into an environment where interest rates remain higher …

Africa Inflation South Africa Trump Interest Rates Central Banks Countries
Golden targets
1 month ago

Golden targets

China Daily  

Growing need for diversification The move comes as global central banks aim to diversify their reserves amid heightened geopolitical tensions and concerns over asset weaponization. Maximizing strategic position Hong Kong now ranks among the world's largest gold import and export markets by volume due to its proximity to major gold consumption markets like the mainland and India, according to Financial …

Hong Kong Trading Commodity Central Banks Chinese Central Tan
Narayana announces probe into TIDCO irregularities
1 month ago

Narayana announces probe into TIDCO irregularities

Deccan Chronicle  

Vijayawada:Municipal administration minister P. Narayana announced in the State Legislative Assembly that the AP government will order an investigation into the irregularities in TIDCO housing committed during the previous YSRC regime. Narayana explained that under the leadership of Chief Minister N. Chandrababu Naidu, significant efforts are being made to provide homes to the underprivileged by designing housing projects as per …

House Tidco Narayana
Why now could be just the right time to invest in gold: Read our guide to what China's rise, Putin's ambitions and Trump's return all mean for the ultimate safe-haven asset
1 month, 1 week ago

Why now could be just the right time to invest in gold: Read our guide to what China's rise, Putin's ambitions and Trump's return all mean for the ultimate safe-haven asset

Daily Mail  

Remember the BRICS – Brazil, Russia, India and China? But China, Russia and other attendees at Putin's bash last month are not just buying gold for financial reasons – political machinations are also at play. So much so that two-thirds of central banks from emerging market countries said gold will account for a bigger share of global reserves in five …

India China Russia World Trump West Central Banks
Bloomberg: The China Show 11/07/2024
1 month, 2 weeks ago

Bloomberg: The China Show 11/07/2024

Bloomberg  

00:00 Half an hour away from the opens in Hong Kong, Shenzhen and Shanghai are watching the China show. I mean, if there's a threat of tariffs here, do you think, you know, there's a people talking about there's a difference between the candidate Trump and what he will be as President Trump? We know he's talked about tariffs as …

India Europe Singapore China Foreign Policy Markets Ukraine
Why rate cuts by the U.S. Federal Reserve matter to world markets
3 months ago

Why rate cuts by the U.S. Federal Reserve matter to world markets

The Hindu  

When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. Here’s a look at what is in focus for world markets: Follow the leader In spring, as U.S. inflation proved stickier than expected, investors questioned how far others such as the European Central Bank …

Europe Markets Central Banks Rates Dollar Rate Cuts Rate Cut
'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation
3 months, 1 week ago

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation

News 18  

Inflation in India has moderated but still, there is a distance to cover, Reserve Bank Governor Shaktikanta Das said on Friday. “Inflation has moderated from its peak of 7.8% in April 2022 into the tolerance band of +/- 2% around the target of 4%, but we still have a distance to cover and cannot afford to look the other way,” …

Inflation Central Banks Rbi Policy Das Das Amid
Should a president have total control over the Fed? Harris and Trump disagree
4 months ago

Should a president have total control over the Fed? Harris and Trump disagree

NPR  

Should a president have total control over the Fed? CAROLA BINDER: The Fed's job was made easier by its independence, and inflation could have been even worse had the Fed not been independent. While the president can't, say, lower interest rates when they feel like they're getting too high, the Fed is accountable to the public in other ways. It …

Policy Inflation Monetary Policy Trump Control Interest Rates Interest
Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief
4 months, 1 week ago

Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief

Daily Mail  

The woman who decides the fate of millions of mortgage holders has declared a rate cut won't be happening anytime soon - despite what other countries have done this year. Reserve Bank Governor Michele Bullock told a parliamentary hearing on Friday that Australia would not be copying the approach of other central banks that have cut rates this year, with …

Australia Canada New Zealand Interest Rates Interest Central Banks Rate
On monetary policy and financial markets
4 months, 2 weeks ago

On monetary policy and financial markets

The Hindu  

Global financial markets may be exhibiting recovery following the dramatic falls in value, but the global economy is still in uncharted waters. The Bank of Japan’s decision to raise interest rates after years of keeping them low has also rattled financial markets, setting off a reversal of equity flows and a collapse in Asian markets. The carry trade On the …

Global Policy Japan Inflation Monetary Policy Financial Markets Interest Rates
Why the Reserve Bank of Australia should hold off on interest rate hikes in August
4 months, 3 weeks ago

Why the Reserve Bank of Australia should hold off on interest rate hikes in August

ABC  

There's a curious thing about openness, communication and transparency. Because, despite recently showing a real reluctance to want to push interest rates even higher, she and her Reserve Bank of Australia colleagues have for the past two years made it abundantly clear that they were committed to hammering inflation into submission. Money markets right now have just a one-in-five chance …

Economy Australia Inflation Bank Economic Central Banks Central
Core inflation at four-year low in FY24: Economic Survey
5 months ago

Core inflation at four-year low in FY24: Economic Survey

Hindustan Times  

The government’s prudent monetary policy response and calibrated trade policy measures, coupled with strong output growth helped reduce core inflation to a four-year low in FY24, according to the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. The survey, which was presented a day before the first Union Budget of the third Narendra Modi-led central …

Global India Inflation Price Central Banks Survey Pti
Why property and stock markets are thumbing their noses at rate hikes
5 months, 3 weeks ago

Why property and stock markets are thumbing their noses at rate hikes

ABC  

This time it's different. Photo shows RBA governor Michele Bullock at press conference Rate rise after rate rise should have sent the economy into a tailspin, but the RBA isn't fighting a textbook case of inflation. And it's seen central bankers scrambling to try to nut out just why developed economies aren't reacting to interest rate hikes the way they …

Global World Financial Inflation Interest Rates Interest Central Banks
Net zero ‘to fuel a decade of global inflation’
5 months, 3 weeks ago

Net zero ‘to fuel a decade of global inflation’

The Telegraph  

The world’s transition to net zero will add 1.6 percentage points to inflation annually for the next decade, a large investment firm has warned. French asset manager Carmignac has said that central banks will struggle to keep inflation under control because of the high levels of spending needed for green energy projects. Raphaël Gallardo, Carmignac’s chief economist, said that central …

Inflation Central Banks Energy Industries
Despite price rise, central banks to buy gold in FY25
6 months ago

Despite price rise, central banks to buy gold in FY25

Deccan Chronicle  

Chennai: Despite the sharp rise in gold prices, the central banks will continue to add gold to their reserves in FY25. As per the data from a survey done by the World Gold Council, more than eight in ten central bank reserve managers are expected to increase their gold holdings in the next 12 months. This view of gold from …

Gold Price Gold Prices Central Banks Fy2025 Fy2024 Rise Central Banks
There are different ways to dampen inflation. But is anyone listening?
6 months, 1 week ago

There are different ways to dampen inflation. But is anyone listening?

ABC  

Have you noticed how, at the same time every year, some important prices in our economy are adjusted higher? "In this regard, Westpac's chief economist, Luci Ellis, argues that excise rates, for example, should be indexed to 2.5 per cent rather than the actual inflation rate. "Along similar lines, why not increase the minimum wage by 3 or 3.5 per …

Economy Policy Inflation Prices Oil Prices Central Banks Central
Pre-pandemic ultra-low rates may not return; how to invest in an elevated rate regime? Here’s what experts say
6 months, 1 week ago

Pre-pandemic ultra-low rates may not return; how to invest in an elevated rate regime? Here’s what experts say

Live Mint  

US Fed Chair Jerome Powell reiterated on Wednesday, June 12, that the central bank would need more confidence that inflation has come down sustainably. Consequently, it is reasonable to expect that monetary policy and overall interest rates will stay higher for an extended period," Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers, pointed out. Factors …

Market Inflation Interest Rates Interest Central Banks Investors Central
Zombies: Ranks of World’s Most Debt-Hobbled Companies Are Soaring, and Not All Will Survive
6 months, 2 weeks ago

Zombies: Ranks of World’s Most Debt-Hobbled Companies Are Soaring, and Not All Will Survive

Deccan Chronicle  

New York : They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. Added Miami investor Mark Spitznagel, who famously bet against stocks before the last two …

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