Central Banks

How counterfeiters scam the homeless to get rich

Shane Ensminger began his short presentation to more than 100 people at the Catholic Action Center's cafeteria the afternoon of Nov. 11 with a …

Business

Payback looms after central banks’ $11tn splurge

Central banks have spent around $11tn in emergency support measures since the global financial crisis in 2007, providing a powerful tailwind that has …

Finance

Turkish Central Bank to launch lira-settled auctions

ANKARA - Anadolu Agency<p>Turkish Central Bank on Nov. 18 said it has decided to launch Turkish lira-settled forward foreign exchange sale auctions.<p>“The …

Turkey

Erdogan Ends Rates Truce, Decrying Central Bank's `Wrong Path'

Turkish President Recep Tayyip Erdogan signaled an end to his uneasy truce with the new central bank chief, attacking the institution now run by …

Economy

Malaysia Q3 GDP beats forecast to hit fastest pace in more than 3 years

KUALA LUMPUR: Malaysia's economy expanded at its fastest pace in more than three years in the third quarter, raising expectations of a interest rate …

Economy

Erdoğan takes aim at Central Bank independence, says Bank is on ‘wrong path’

ANKARA<p>President Recep Tayyip Erdoğan has blasted Turkey’s Central Bank, saying it is “on the wrong path” and claiming that a lack of government …

Turkey

Russian central bank to lower key rate to 6-7 pct within two years

Russian central bank to lower key rate to 6-7 pct within two years<p>Russia's ruble banknotes are seen in the file photo taken on April 28, 2017. …

Economy

Goldman boss Blankfein tweets support for new Brexit vote

He wrote: "Here in UK, lots of hand-wringing from CEOs over #Brexit. Better sense of the tough and risky road ahead. Reluctant to say, but many wish …

UK News

If QE Was Mostly Placebo, What About The Unwind?

Is the unwinding of the Fed's balance sheet really tantamount to tightening?<p>Was expanding the Fed's balance sheet easing monetary policy or was it …

Business

The world's largest sovereign wealth fund wants to dump oil and gas stocks

• <b>Norway's sovereign wealth fund, the world's largest, wants to remove oil and gas companies from its benchmark index.</b>• <b><br>Currently oil and gas stocks represent 6% of its index.</b>• <b><br>The timing of a divestment is uncertain.</b><p>(Reuters) - Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and …

Oil

Libyans swap jewelry for medical treatment as crisis bites

TRIPOLI (Reuters) - In a square behind Libya's central bank, black market dealers, some of them armed, carry small plastic bags filled with dollars …

Commodities

Oil Rally May Be Inflation Game Changer for Asian Central Banks

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years of easy …

Economy

Debit card transactions jump in September: Central Bank

Consumers are increasingly relying on debit cards for purchases, according to the Central Bank, with in store and online transactions rising in …

Banking

Central Banks Drive Flattening Yield Curve, Says Sløk

November 16th, 2017, 1:53 PM UTC<p>Torsten Sløk, chief international economist at Deutsche Bank, discusses the factors behind the flattening of the U.S. …

Business

World Gold Council Head: "Nothing to Suggest Gold is Suffering From the Popularity of Crypto"

Op-Ed<p><b>Neil Hume, Mining and Commodities Editor for</b> <b>Financial Times,</b> <b>was quick to have World Gold Council Head of Market Intelligence, Alistair Hewitt,</b> …

Bitcoin

Central bank cautious over low inflation

TORONTO — The Bank of Canada remains cautious about future rate hikes as it measures the risk posed by low inflation that continues to fall short of …

Economy

Bank Admits Fiat Currencies Are Failing and Cryptocurrencies May Replace Them

<b>(</b><b>ANTIMEDIA</b><b>)</b> — As the transition towards a blockchain based economy continues, the established financial powers are desperately trying to stay …

Bitcoin

Central banks can't fight rise in asset prices explicitly - Fed's Evans

LONDON (Reuters) - Central banks can't explicitly fight fast rising financial market asset prices, Federal Reserve policymaker Charles Evans said on …

Federal Reserve

Singapore's Central Bank Outlines When ICOs Are and Aren't Securities

Singapore's de facto central bank has published new guidelines on initial coin offerings (ICOs), outlining how token sales would be viewed under its …

Bitcoin

What Central Banks Have Done Is What They're Actually Good At

As a natural progression from the analysis of one historical bond “bubble” to the latest, it’s statements like the one below that ironically help it …

Business

Iraq’s Central Bank reverses decision to close banks in Kurdish region

Iraq’s Central Bank yesterday cancelled its previous decision to close branches of private banks in the Kurdish region of the country, the <i>Anadolu</i> …

Masoud Barzani

Communicating the complexity of unconventional monetary policy in EMU

Speech by Peter Praet, Member of the Executive Board of the ECB, at the 2017 ECB Central Bank Communications Conference, Frankfurt am Main, 15 …

Economy

Palestine to get its own central bank

The Palestinian Monetary Authority has announced that it will open the Palestinian Central Bank after fulfilling all necessary requirements, but …

Economy

China finance official says country's financial sector faces bubble risk

BEIJING (Reuters) - China's financial sector faces bubble risks, which are reflected in the country's high broad money supply, Huang Qifan, deputy chairman of the economic and finance committee under the National People's Congress, said at a conference on Thursday.<p>Huang also said China needs to …

Economy

Moec, Riley on Central Banks and Forward Guidance

November 15th, 2017, 11:28 AM UTC<p>Gilles Moec, chief European economist at BAML, and David Riley, head of credit strategy at Bluebay Asset Management, …

Business

Policy makers need to get on board with shifting global demographics

<i>Economist and author Linda Nazareth is the senior fellow for economics and population change at the Macdonald-Laurier Institute. Her fourth book,</i> Work Is Not a Place: Reimagining Our Lives and Our Organizations in the Post-Jobs Economy<i>, will be published in 2018.</i><p>Policy is a powerful thing but its …

Economy

JPMorgan Says Central Banks Should Balance Communication

November 15th, 2017, 2:03 AM UTC<p>Tai Hui, chief Asia market strategist at JPMorgan Asset Management, discusses communications coming from central …

Business

Forward Guidance to Remain a Central Bank Policy Tool

November 15th, 2017, 2:59 AM UTC<p>More transparency in communication is the key, according to four of the world's most powerful central bankers. U.S. …

Business

Russia's Economy Is Growing With Borrowed Money

Sustaining even this small level of growth without structural change will be a challenge.<p>Without any new ideas from a technocratic government constrained by President Vladimir Putin's apparent indifference, the Russian economy is once again relying on consumers, who are borrowing more to buy real …

Economy

'We'd be in trouble': The next financial crisis could force central banks to cut rates to -5%

• <b>The next global financial crisis could force central banks to cut to unprecedented negative rates.</b>• <b><br>UBS Investment Bank argues that economies including the UK, Denmark, and New Zealand could see rates as low as -5%.</b>• <b><br>Bank says that rate cuts in next global downturn would be much more than "a few</b> …

Economy