China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations.
— Read on www.reuters.com/markets/currencies/chinas-central-bank-bis-set-up-renminbi-liquidity-arrangement-2022-06-25/
Tag: BIS
Stagflation Threat Needs Central Bank Action, BIS Warns
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergHyundai Quietly Climbs the EV Sales Charts and Elon Musk NoticesGermany Pushes for G-7 Reversal on Fossil Fuels in Climate BlowProtest Latest: More Justice Homes Targeted in Day Two of CrowdsJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionFear Has Gone Missing in Wall Street’s Slow-Motion Bear MarketThe world economy risks entering a new era
— Read on ca.finance.yahoo.com/news/stagflation-threat-needs-central-bank-090000767.html
Banking body BIS urges decisive wave of global rate hikes to stem inflation
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the most turbulent starts to a year ever for global financial markets. Surging energy and food prices mean inflation in many places is now its hottest in decades.
— Read on ca.finance.yahoo.com/news/banking-body-bis-urges-decisive-090343778.html