Tag Archives: central bank

Euro blows against Ukraine intensify ECB migraine

European Central Bank President Christine Lagarde attends a news conference following a meeting of the Governing Council in Frankfurt, Germany February 3, 2022. Michael Probst/Pool via REUTERS/ Join now for FREE unlimited access to Reuters.com Register LONDON, March 4 (Reuters Breakingviews) – The fall in the euro will worsen the …

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Will the RBNZ take thoughtful action or leapfrog when considering OCR on Wednesday?

The Reserve Bank’s (RBNZ) monetary policy committee is expected to raise the official exchange rate (OCR) after its first meeting of the year on Wednesday. Most bets are on this, increasing the rate by 25 points from 0.75% to 1%, but a 50 point increase is a possibility. Inflation is …

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Opinion: Inflation isn’t the Fed’s biggest failure

STANFORD, Calif. (Project Syndicate)—The appointment of new members to the US Federal Reserve Board offers Americans and Congress an opportunity to reflect on the world’s most important central bank and its future. The obvious question to ask first is how the Fed blew away its primary mandate, which is to …

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Sri Lanka blows $664m in ‘import reserves’ in two months

ECONOMYNEXT – Sri Lanka spent US$664 million to provide “import reserves” in November and December 2021 as the central bank attempted to implement a 200 peg to the US dollar while printing oil money to sterilize the same dollar sales at a fixed interest rate of 6.0%. The central bank …

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The long shadow of the dragon in Sri Lanka

New Delhi: For some South Asian countries like Sri Lanka, Myanmar and Bangladesh, the “Chinese nightmare” is no longer just a bad dream. It is a living reality, which continues to threaten the national interests of countries and erode their very sovereignty. Sri Lanka’s fall into the dragon trap was …

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Analysis: financial literacy or luck? The year small traders had a big impact

LONDON / NEW YORK, December 29 (Reuters) – In May, San Diego-based Emily was feeling well after a year of double-digit gains from stock trading. Stock options, which some other homemaker investors were venturing into, would boost her returns, she decided. Emily was part of the army of small investors …

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SL enters 2022 with double whammy of forex and rupee: Dr. Wijewardena – Business News

Sri Lankans may be brimming with hopes of hosting 2022 by looking past all the hardships caused by the pandemic and the mismanagement of its economy, but it may take some restraint to have any optimism as the country continues a hangover from some of the political blunders it has …

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Turkish lira crowns historic week with big boost from Erdogan government

Data shows Turks failed to sell dollars on Monday and Tuesday State interventions saw $ 8 billion this week ANKARA, Dec.24 (Reuters) – The Turkish lira closed its strongest week on Friday, reaching more than 50% on the backing of billions of dollars in state-backed market interventions and the promise …

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Update on the latest cases:

FINANCIAL MARKETS Stocks collapse after gloomy jobs report, as markets hover NEW YORK (AP) – Wall Street is collapsing after a mixed reading on jobs in the United States, a reading investors said was difficult to parse, in the latest episode of market dizzying trading. The S&P 500 was down …

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Sri Lankan bread, shorts eat prices after money printing

ECONOMYNEXT – A Sri Lankan bakery cartel raised the price of bread by 10 rupees after a wheat flour oligopoly raised prices while a restaurant association said all ready meals would also increase by 5, 0 rupees as of today as the country reaps the results of record money printing. …

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How Washington could fight record inflation in the United States

Published on: 11/15/2021 – 18:56Amended: 11/15/2021 – 18:54 Washington (AFP) – As US prices rise at a rate not seen in decades, President Joe Biden’s administration is looking for ways to turn the tide. From easing tariffs on China to tackling the semiconductor shortage, Washington could take many steps to …

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Banks are allowed to offer interest rates on FCNR (B) deposits linked to ARR

The Reserve Bank of India has decided to allow banks to offer interest rates on FCNR (B) deposits using the widely accepted “Alternative Overnight Reference Rate (ARR)” for the respective currency; with an upward revision of the interest rate ceiling by 50 basis points (bps). This is due to the …

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Base rate maintained at 0.1%

The Bank of England (BoE) kept the base rate at 0.10% but said an increase could be expected “over the next few months”. today Monetary Policy Committee (MPC) the vote was divided seven to two in favor of postponing the rate change. Governor Andrew Bailey, Ben Broadbent, Jon Cunliffe, Jonathan …

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Australia dlr annoyed by dovish RBA, NZ $ gets jobs clapping

SYDNEY, Nov. 3 (Reuters) – The Australian and New Zealand dollars suffered losses on Wednesday after Australia’s central bank managed to appear super-dovish even as it moved closer to a possible rate hike, though strong employment data has offered some support for the kiwifruit. The Aussie was down to $ …

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CASH – Mixed returns as the Treasury plans more borrowing

(Recast, update yields, add quarterly treasury repayments and analyst commentary) By Karen Pierog CHICAGO, Nov. 1 (Reuters) – U.S. Treasury yields were mixed on Monday as the federal government revealed a need for it borrowing increased this quarter, as the market anticipated the Federal Reserve’s likely announcement that it will …

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CASH – US 2-year yield skyrockets to 19-month high, curve flattens across the board

* U.S. 5/30 yield curve flattest since March 2020 * U.S. 2/10 yield spread narrowest since August * U.S. 30-year yield falls to five-week low * U.S. 10-year yield slides to two-week trough * U.S. 5-year note auction shows strong demand (Adds 5-year note auction results, updates prices) By Gertrude …

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Loss of foreign aid in Syria exchange rate distortions

BEIRUT (AP) – The government of Syrian President Bashar Assad has used distorted exchange rates to divert at least $ 100 million in international aid into its coffers over the past two years, new research shows. Currency manipulation deprives Syrians, most of them impoverished after a decade of war, of …

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Brazil’s central bank sells $ 1 billion in surprise currency swap auction

SAO PAULO, Oct. 13 (Reuters) – Brazil’s central bank sold $ 1 billion in currency swaps in a surprise auction on Wednesday afternoon, and later announced it would hold another sale Thursday, seeking to boost the local currency for nearly six months. . The central bank said it sold the …

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Five tools for managing interest rate risk

Fixed income investors have a handful of tools to navigate the expected bumpy road, says Terry Moore, vice president of T. Rowe Price Group Inc. and portfolio specialist in the fixed income division of the society. In a white paper on the industry, Moore and his team recently outlined five …

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The penalties are real; but we also punish ourselves

Sanctions are real, but we punish ourselves too By Nathan Gurira No matter how well-intentioned and determined the Reserve Bank of Zimbabwe (RBZ) might be to eradicate rampant delinquency in the economy, the effort may count for nothing if other institutions that should be seized to tackle vice, in all …

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Inflation risks persist, tightening slows

The rate hikes introduced by the Monetary Board of the National Bank of Hungary (MNB) this summer continued, but surprisingly, the central bank decided on September 21 to only tighten by 15 basis points. Immediately after the announcement, the forint started to weaken as the market consensus was in favor …

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What do the crypto and blockchain parties think?

The use of new technologies such as blockchain or artificial intelligence has been in the spotlight lately and is increasingly accepted by governments around the world. On Sunday September 26, the Germans voted in the legislative elections which marked the end of Angela Merkel’s 16-year mandate. Since 2005, Germany has …

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Central bank liquidity and its impact on banks and global economies

Through Abhik Agrawal, Senior Senior Product Manager, Oracle Financial Services The Covid-19 pandemic has affected all economies, large and small, across the world. Central banks everywhere have handled the situation proactively and have succeeded in injecting a large amount of liquidity into the banks through various means. However, due to …

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Unpublished ECB Inflation Estimate Raises Prospect of Earlier Rate Hike

Updates from the European Central Bank Sign up for myFT Daily Digest to be the first to know about the latest news from the European Central Bank. The European Central Bank expects to hit its elusive 2% inflation target by 2025, according to unpublished internal models that suggest it is …

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Where did the Habsburg economic empire disappear?

Monument to the King of the Austro-Hungarian Empire and Emperor Franz Joseph on horseback, at Joseph Square near the Hofburg Palace, Vienna, Austria Gábor Egry, Director General of the Institute of Political History and Principal Investigator of the NEPOSTRANS Project continues to explain the intricacies of the Habsburg Empire Nowhere. …

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Japanese government bond trading is drying up. Is it important?

August 28, 2021 NOTOBODY PURCHASED Ten-year Japanese government bond traded over-the-counter on August 3. Such a lull in the world’s second-largest sovereign bond market would already have been remarkable. But in fact, it wasn’t even the first time that activity had subsided. The once-frantic trading desks in Tokyo have remained …

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CASH-Yields increase with Powell, five-year auction in the spotlight

(Adds quote, updates prices) By Karen Brettell NEW YORK, Aug 25 (Reuters) - U.S. Treasury yields rose to almost two-week highs on Wednesday, with an impending Friday speech by Federal Reserve Chair Jerome Powell seen as this week’s main event and ahead of a Treasury sale of new five-year notes. …

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Central bank digital currency and Bangladesh

Syed Abul Basher | Posted: 09 Aug 2021 21:12:23 Lately, the emergence of the central bank digital currency (CBDC) has received a lot of attention in the media and among the general public. Simply put, CBDC means that a central bank issues electronic money instead of physical or paper money. …

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Indian stocks close lower as Reliance lags

A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India on January 31, 2020. REUTERS / Francis Mascarenhas / File Photo BENGALURU, Aug.6 (Reuters) – Indian stocks closed lower on Friday, ending a four-day winning streak plagued by heavyweight Reliance Industries after India’s highest court ruled in …

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TREASURY-US Treasury yields rally ahead of next week’s Fed meeting

(Adds comment, fresh prices) By Herbert Lash NEW YORK, July 23 (Reuters) - Treasury yields rose on Friday ahead of the Federal Reserve's policy-setting meeting next week, which will provide clues on the strength of the U.S. recovery and when the central bank might start to curb its economic support. …

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COLUMN-Far from conical, ECB could raise another $ 1 trillion in QE: Mike Dolan

(The views expressed here are those of the author, columnist for Reuters.) LONDON, July 21 (Reuters) – If you’re waiting for the imminent end of central bank “quantitative easing” of bond purchases, make sure you’re comfortable. The European Central Bank may well throw another $ 1 trillion log on the …

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UPDATE 1-Eurozone real yield drops to all-time high amid Delta fears

(Add details, a comment, a graphic) By Yoruk Bahceli July 19 (Reuters) – “Real” euro area yields, representing the cost of borrowing after the effects of inflation were removed, fell to a new high on Monday as a resurgence of COVID-19 infections threatened economic recovery. The inflation-adjusted return for the …

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Nigeria looms sugar oligopoly as CBN chooses three companies for sugar imports

CBN chooses three companies to officially import sugarCamille Eboh ABUJA, July 17 – Nigeria has designated three companies, including the Dangote sugar refinery, as the country’s sole importers of sugar, the central bank said, adding that it would still have to approve such purchases. The Central Bank of Nigeria said …

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Strong confidence data in the United States and the Eurozone is supporting global equity markets. US Treasuries remain stuck in a tight trading range. Commodity currencies underperform despite rising commodity prices and positive risk sentiment

Amid strong confidence data, US and European stocks are trading near record highs while US Treasuries continue to stay within a range. Perhaps the most interesting market momentum is in commodity-linked currencies which are languishing again with the NZD falling below 0.70. Another day another record set for the S …

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Growing risks of crypto assets for banks call for strong regulation

Governments around the world are increasingly focusing on cryptocurrency issues, with some central banks exploring central bank digital currency CBDCs.The BCBS proposals exclude the treatment of central bank digital currencies, which, if introduced, would likely have risk profiles similar to central bank cash.A number of countries have started experimenting with …

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Bank of England and BIS launch innovation hub in London

The Bank of England and the Bank for International Settlements (BIS) have launched a new London-based center as part of the BIS Innovation Hub program. The BIS Innovation Agenda aims to foster innovation in technology-driven financial services, striving to identify technology trends that are having an impact and serving as …

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The US 10-year rate breaks the low end of the range – now 1.49%. Little movement in stocks or currencies ahead of US CPI, ECB tonight. NZD underperforms again – again below 0.72

Global rates fell overnight, despite little fresh news. The US 10-year rate is trading below 1.50% and is set at its lowest close since early March. Movements in stocks and currencies were limited ahead of the release of the US CPI and the ECB policy meeting tonight. The NZD fell …

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Why European banks want to end US dominance in payments

The last time European banks attempted to build a payments group that could take on the US giants that dominate the industry, they failed miserably. But when the Monnet Project collapsed in 2011, no one was talking about the commercial threat from US tech companies; and EU politicians hadn’t just …

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The Reserve Bank’s Difficult Relationship with the Maori Economy

NOTICE: I was delighted to read a speech by Christian Hawkesby, Deputy Governor of the Reserve Bank, on the topic of Maori values. He stated: “For generations, Maori economic relations have been guided by fundamental principles like manaakitanga (respect and generosity), kaitiakitanga (guardianship), and whanaungatanga (relationships).” It was not clear …

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Treasyry Pulse – Forex, treasury market, ringgit, equity market

Global Forex Market While the Dollar Index (DXY) was muted at the start of the week, firmer offers were seen towards the end of the week, closing at a two-week high of 90.51 or up 0.53 % on weekdays (wow). The dollar’s overall strength was boosted by the release of …

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Lessons from the unfortunate elections in Peru

Peru, the investor mantra said, was an emerging market defying gravity: its dismal politics didn’t matter because its economy was strong and reliable. As the country prepares to choose its fifth president in five years on Sunday in a second round between two divisive and poorly qualified candidates, with the …

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John David: Fighting Inflation (Opinion) | Chroniclers

It was 1990. Jan and I were in Peru adopting our daughter through Catholic charities. On Sunday polling day, people voted angrily as they tore up their change and piled shreds in the streets. Our future 5 year old daughter was delighted. She collected the pieces in the streets to …

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Markets react to RBNZ OCR announcement

Wednesday May 26, 2021, 6:32 p.m. by BusinessDesk The S & P / NZX 50 Index was almost flat, adding just 6.25 points, or 0.1%, to hit 12,347.44. Within the index, 15 stocks fell, 25 rose and 10 remained unchanged. But while investors had an immediate reaction to the rise …

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MNB policymakers keep base rate on hold

Photo by Adriana Iacob / Shutterstock.com The Monetary Board of the National Bank of Hungary (MNB) decided to leave the central bank’s base rate unchanged, at 0.60%, at a monthly policy meeting on Tuesday, according to a report from the news feed of ‘State MTI. The board also decided on …

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The Bank of Korea’s Forecast for Exit Indexes: A Decision Guide

Investors will carefully review the Bank of Korea’s expected forecast upgrades to see when the bank is likely to end its streak of historically low interest rates. South Korea’s central bank is expected to significantly increase its growth and inflation projections at its meeting on Thursday after recent economic data …

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The problems with DeFi and how EQIFI can solve them

GRAND CAYMAN, Cayman Islands, April 23, 2021 (GLOBE NEWSWIRE) – The current climate of high unemployment, financially difficult, due to prolonged lockdowns, tense central bank policies, the threat of hyperinflation and high rates of artificially curtailed interests have shaken the confidence in the world banking institutions as well as state …

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Asia faces complex political considerations

The battle against Covid-19 is by no means over, but Asia’s central banks must start to deal with post-pandemic considerations. China is already taking measures to reign over liquidity and credit, as well as measures to curb soaring house prices in parts of the country. The economic outperformance has been …

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Rising margin lending stirs fears of a Chinese bubble

Margin loans to buy stocks in China hit their highest level in five years, raising concerns that speculation on price increase could lead to a resumption of a notorious stock market bubble that burst in 2015. Total margin funding in China hit 1.27 billion Rmb ($ 184 billion) on Tuesday …

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Indian bank PMC has created over 21,000 fake accounts to hide loans: complaint

Through Rajendra jadhav, Nupur Anand MUMBAI, Reuters. FILE PHOTO: A man walks out of a branch of the Punjab and Maharashtra Co-operative (PMC) bank in Mumbai, India September 26, 2019. REUTERS / Francis Mascarenhas The complaint, filed Monday with the Economic Offenses Wing (EOW) of the Mumbai police and later …

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Mnuchin rejects renewal of some Fed emergency lending programs

WASHINGTON – Treasury Secretary Steven Mnuchin said Thursday he would not extend several emergency loan programs put in place with the Federal Reserve to support the economy amid the coronavirus pandemic. What would you like to know Treasury Secretary Steven Mnuchin said on Thursday he would not extend several emergency …

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Digital loan fraud: RBI warns small businesses and individuals against unauthorized loan applications

The fintech industry in general, and the lending industry in particular, are looking to build new products on a scalable architecture created with initiatives such as account aggregation. Credit and financing for MSMEs: The Reserve Bank of India on Wednesday warned small businesses and individuals against lending through unauthorized digital …

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Fed’s Main Street Loan Program Changes Terms Again

the Federal Reserve is finally listening to small business owners. On Friday, the central bank announced a number of adjustments to its Main Street Loan Program aimed at widening the eligibility conditions and making loans more attractive to borrowers. The Fed’s Main Street loan program runs directly through federally insured …

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Banks in Europe face potential cliff of $ 1.7 trillion Covid-19

European banks say they are doing great during the coronavirus pandemic. But regulators and bank executives are worried about the elephant in the room: a wave of bad loans that could overwhelm lenders when government bailouts end. European economies have plunged this year and new bottlenecks in many countries are …

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