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