Central Banks

BUSINESS REPORT – The Bank of Canada’s interest rate hike has made it all the more difficult for home buyers

Anticipating Wednesday’s rate hike by the Bank of Canada, all of Canada’s Big Six banks had already raised their listed five-year mortgage rates by …

Mortgages

Which Central Bank Is the Most Accurate Forecaster?

No central bank is perfect but for forecasting its key metric, the Bank of England is at the bottom of the pile.<p>The three-century-old institution has …

Economy

Saudi Arabia to pump $2bn into Yemen’s central bank

Saudi Arabia will inject $2bn into Yemen’s central bank to support the country’s national currency “with the aim of boosting Yemen’s financial and …

Middle East

Saudi Arabia Deposits $2 bln in Yemen Central Bank

Custodian of the Two Holy Mosques King Salman bin Abdulaziz has ordered a deposit of 2 billion dollars into Yemen's Central Bank, the Saudi Press …

Middle East

State to advertise for bank public interest directors

The Minister for Finance Paschal Donohoe has said the State is to advertise for public interest directors to sit on the boards of the Irish banks.<p>The …

News (Ireland)

European central banks to hold yuan, highlighting the Chinese currency’s rise

Brussels/Madrid — More central banks in Europe revealed plans on Tuesday to hold yuan as part of their foreign currency reserves, highlighting the …

Economy

Central Bank appoints three new directors

Appointments will help regulator deliver on its financial conduct mandate<p>10 minutes ago<p>The Central Bank announced a number of senior appointments on …

News (Ireland)

Central Bank issues commemorative coin for Dh189

The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security …

Abu Dhabi

PSD2 will spark a revolution in financial services - but it won't happen overnight

Fidor Bank's Sophie Guibaud says some banks are doing the bare minimum to comply and most are unprepared for the opportunities PSD2 brings.<p>The …

FinTech

Central Banks: The New Alchemists

Medieval alchemists dreamt of turning lead into gold. Today’s speculators seemingly have achieved much the same with bitcoin, turning the ones and …

The End Of An Era: Central Banks' Slow Path To Normalization

In our view, conditions argue for shorter maturity profiles and improved quality within fixed income portfolios to help lower exposure to adverse …

Economy

Who Controls All The Money In Asia?

<b>Central Banks, more or less, accelerate economies. If you want to be a better investor, you should understand how central banks work, who’s in charge of them and what their agendas are.</b><p><b>But not all central banks are the same. Those in Asia are more tightly controlled than in the West.</b><p><b>The Bickering</b> …

Banking

Traders Remind Central Banks to Take Care on Route to Exit Door

Global central banks are being served a sharp reminder by investors that their monetary policy planning carries the potential to roil financial …

Economy

Time to get tough with errant bankers

Bruised by its drubbing during the tracker loan controversy the Central Bank is now talking about getting tough with bankers.

News (Ireland)

Rates, Reserves and Perhaps a Float: A Guide to MENA Central Banks

After a year of rising U.S. interest rates and political volatility that drove up borrowing costs in much of the Middle East and North Africa, the …

Economy

The Narrative Of High Debt And Powerful Central Banks

In 2017 GDP growth picked up, solidifying a global expansion phase that had previously been slow and erratic. The number of countries growing at …

Economy

Tracker mortgage scandal to have ‘limited’ impact on securitisations

Rating agency DBRS says payouts are larger than those seen in other European cases<p>13 minutes ago<p>Rating agency DBRS Ratings said on Monday that the …

News (Ireland)

Central Bank joins the party: $1,000 and $500 bonuses

Central Bancompany Inc. which operates Central Bank of St. Louis and 12 other community banks, announced Friday it is giving bonuses to its more than …

Tax Reform

US dollar holds key for global central banks in 2018

January has a reputation for being a more influential month than most.<p>Some investors point to a “barometer effect”, where its trading pattern …

Economy

Ghana Urged To Invest 1% Of Its Reserves In Bitcoin

The vice president of investment bank Groupe Nduom, Papa-Wassa Chiefy Nduom, has urged the Bank of Ghana to <b>diversify its investment by placing about</b> …

FinTech

African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar - Bitcoin News

Emerging Markets<p><b>Concerned about the US dollar’s predicted drop in value, and many African countries relying on USD cash reserves, vice president of</b> …

Bitcoin

Central Bank's tracker communications strategy 'flawed'

Members of the Central Bank Commission have criticised the regulator's communications strategy around the tracker mortgage examination.<p>Minutes from …

News (Ireland)

Lending changes may lower Dublin price growth - report

Property website Myhome.ie is forecasting house prices in Dublin will grow at a reduced rate when compared with other parts of the country, as a …

News (Ireland)

NY Fed-FX swaps with foreign central banks total $12.008 billion in latest week

NEW YORK (Reuters) - The Federal Reserve provided $12.008 billion of liquidity to foreign central banks in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.<p>The European Central Bank swapped $11.907 billion with a term of 21 days and a rate of 1.89 …

Business

Bitcoin Has Changed The World; Fedcoin Could Take It One Step Further

<b>In 1999, online payments were revolutionized by PayPal, and it took the world by storm. Fast forward ten years and bitcoin is introduced – the</b> …

Bitcoin

Mexico's Central Bank to Sell More Peso Coverage Contracts

Mexico's central bank says it will bolster the peso amid concerns U.S. tax changes could reduce investment flows to Mexico.<p>The Bank of Mexico says it …

NAFTA

Bitcoin, Argentina & Qatar: the Standouts for Volatility in 2017

With markets as becalmed as this, it’s no wonder macro traders are worried about their bonuses.<p>A deep-dive examination of global financial markets …

Mauricio Macri

Israel central bank mulls issuing digital currency for faster payments

JERUSALEM (Reuters) - The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made.<p>FILE PHOTO: An Israeli flag …

Bitcoin

Aeron eyes Bahrain for the new partnerships

We welcome Ali Badeea, in charge of business development in MEA region, back from his successful trip to Bahrain.<p>With investor presentations and …

Middle East

Central Banks Could Hold Cryptocurrencies in 2018

This story was shared from this site<p><b>With Bitcoin and its smaller siblings gaining so much momentum in 2017, governments and central banks now have</b> …

Bitcoin