Having met its targeted inflation level of 2%, Japan’s central bank has stated it would end its loose monetary policy. In an interview to Bloomberg, Haruhiko Kuroda, the Governor of the Japan’s central bank stated, the Bank of Japan is… Read More ›
central bank
Britain’s financial regulations are likely to become tougher post Brexit: KPMG
While some sections of the Eurosceptics are pushing to loosen lending rules, KPMG expects that Britain’s FCA and the Prudential Regulation Authority at the Bank of England will in fact tighten and enhance rules governing finance. In a report released… Read More ›
Brexit does not mean deregulation for banks and financial institutions: UK watchdog
Backers of Brexit want new financial rules to be not overly burdensome. The FCA and its sister concern the Prudential Regulation Authority at the Bank of England clearly have their task cut out. According to a top UK regulator, investors… Read More ›
China’s Central Bank moves to support the falling renminbi
The move by the People’s Bank of China (PBOC) is largely aimed at supporting the currency rather than reverse its trajectory. Market watchers expect the central bank to stick to this policy as long as the trade war with the… Read More ›
Norway’s Commission differs from Central Bank’s advice on oil and gas strategy
The decision assumes significance on the account of the wealth fund being the world’s largest sovereign wealth fund and in a scenario with sustained low oil prices, it will result in a reduction in the government’s net cash flow from… Read More ›
British wage growth dips despite Britain’s employment rate touching its 43-year old low: XpertHR
The results of the survey by XpertHR is likely to be of interest to the country’s central bank, which has repeatedly downgraded its forecasts for wage growth after pay growth failed to accelerate significantly. According to the results of a… Read More ›
Central banks of Qatar and Turkey sign currency swap deal
H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar’s Central Bank (QCB) has signed a currency swap agreement with Murat Cetinkaya, the Governor of the Central Bank of the Republic of Turkey, signaling greater economic cooperation between the… Read More ›
Artificially inflated credit ratings pose systemic risk to China’s economy
As a result of China’s credit ratings industry assigning favorable ratings to the bonds of local issuers while downplays their credit risks, the market is full of issuers who have AA ratings which are reserved only for the safest and… Read More ›
China’s central bank injects $31 billion to ease domestic liquidity as trade war looms in the horizon
The unexpected move was explained to be part of a package of measures to counteract a potential fallout from the trade conflict. On Tuesday, China’s central bank, the People’s Bank of China (PBOC), lent $31 billion (200 billion) to financial… Read More ›
UAE’s non-oil economy expands by 3.1% in 1st quarter of 2018: Central Bank
The country’s efforts at weaning itself off from its oil-driven export economy is gradually bearing fruit. On Tuesday, as per an estimate by the central bank of the United Arab Emirates, non-oil economic activity grew by 3.1% for the same… Read More ›