China’s central bank is expected to cut key rates soon, following a directive from a meeting this week led by the country’s second-in-command.
— Read on www.cnbc.com/2020/03/12/chinas-central-bank-to-cut-rates-soon-analysts-predict.html
Tag: Central Bank
Central banks may mount a coronavirus rescue. It may not be enough – Reuters
Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action.
— Read on www.reuters.com/article/us-china-health-centralbanks-analysis/central-banks-may-mount-a-coronavirus-rescue-it-may-not-be-enough-idUSKCN20M37B
Central Banks Are Nearing Policy Limits, Bank of England’s Carney Says
(Bloomberg) — Outgoing Bank of England Governor Mark Carney said central banks globally are getting close to running out of tools should they need to tackle another serious economic downturn.“It’s generally true that there’s much less ammunition for all the major central banks than they previously had
— Read on ca.finance.yahoo.com/news/central-banks-nearing-policy-limits-214147795.html
China Central Bank Adviser Warns on Debt Chain Reaction – Bloomberg
An adviser to China’s central bank urged authorities to take measures to prevent “systemic risks” from the failure of local government borrowing platforms, and warned of a “chain reaction” should defaults be allowed to damage market confidence.
— Read on www.bloomberg.com/news/articles/2019-12-18/pboc-adviser-warns-of-local-debt-chain-reaction-urges-action
Mexico annual inflation falls below central bank target in November – Reuters
Mexico’s annual inflation fell below the central bank’s 3% target in November, according to official figures released on Monday, adding to expectations that the bank will cut rates further.
— Read on www.reuters.com/article/us-mexico-inflation/mexico-annual-inflation-falls-below-central-bank-target-in-november-idUSKBN1YD1GT
Bank of Canada’s Stephen Poloz to Step Down in 2020 – Bloomberg
Stephen Poloz, who resisted this year’s global rush to cut interest rates, won’t seek a second term at the helm of the Bank of Canada when his mandate ends in June.Poloz informed the central bank’s board of directors and Finance Minister Bill Morneau of his decision, according to a statement Friday from the bank.
— Read on www.bloomberg.com/news/articles/2019-12-06/poloz-to-step-down-in-june-kicking-off-race-to-find-successor
Here’s how much stock could’ve been bought with all the QE central banks have done – MarketWatch
One of the major stories of the last decade was central bank enthusiasm for what’s called quantitative easing, or in simpler terms, buying bonds. Chris…
— Read on www.marketwatch.com/story/heres-how-much-stock-couldve-been-bought-with-all-the-qe-central-banks-have-done-2019-12-04
Global Risk Binge Gives Central Bankers Cause to Shudder – Bloomberg
Global central banks are approaching the end of the year with a collective shudder at the risky behavior that their low interest-rate policies are encouraging.
— Read on www.bloomberg.com/news/articles/2019-11-27/global-risk-taking-binge-gives-central-banks-cause-to-shudder
China central bank says downward pressure on economy is increasing – Reuters
Downward pressure on the Chinese economy is increasing and potential risks and problems will be difficult to eliminate in the short term, China’s central bank said on Monday.
— Read on www.reuters.com/article/us-china-economy-pboc/china-central-bank-says-downward-pressure-on-economy-is-increasing-idUSKBN1XZ151
Mario Draghi legacy will shape the ECB long after his farewell
The ECB moved from being a central bank modeled after the German Bundesbank to a modern, Anglo-Saxon type organization under his reign.
— Read on www.cnbc.com/2019/10/24/mario-draghi-legacy-will-shape-the-ecb-long-after-his-farewell.html