Latest News for: Central banker


Inflation may be peaking, but doubts emerge about its decline

The Philadelphia Inquirer 02 Dec 2022
The risks of an emerging era of high-inflation have been sketched out by top central bankers, led to debate about whether current inflation ...

Inflation eases to 6% in October

Arkansas Democrat-Gazette 02 Dec 2022
Central bankers have raised borrowing costs to nearly 4% this year from near-zero in March, including a rapid series of three-quarter point moves. Jerome Powell, the Fed chairman, signaled clearly Wednesday that central bankers are poised to slow their rate increases in December.

ECB’s Lagarde warns some fiscal policies in Europe could fuel excess demand

FX Empire 02 Dec 2022
“What we central bankers have to do is to actually deliver a monetary policy that anchors expectations We need to signal to the public, to the observers, to the commentators, that in all scenarios, inflation will return to our medium term target in a timely manner,” said Lagarde.

Fed's Barr: It's 'smart' to slow pace of rate hikes

Reuters 02 Dec 2022
central bankers backing a slowdown in the pace of interest rate hikes as soon as the Fed's Dec ... Fed Chair Jerome Powell on Wednesday signaled the central bank would likely raise rates by a smaller half-a-percentage point at its next meeting, as policymakers find their way to ...

GBP to USD Forecasts: Bulls Eye $1.2450 on a Weak US Jobs Report

FX Empire 02 Dec 2022
It is a quiet day for the GBP/USD. There are no UK economic indicators for the markets to consider today ... and central bankers are beginning to view the October 40-year high inflation of 11.1% as the peak ... While central banks remain the focal point, there are no Bank of England Monetary Policy Member for the markets to consider ... GBP/USD Price Action.

Our Dutch disease

Dawn 02 Dec 2022
What adds to the confounding nature of these adverse impacts is that when the market tries to impose an expensive dollar (depreciated rupee), finance ministers call this speculation and the central bank starts the witch-hunting of bankers and foreign exchange dealers! Shouldn’t ...

India's digital rupee fails to excite interest, bankers say

Reuters 01 Dec 2022
MUMBAI, Dec 1 (Reuters) - A month into India's pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said ... But in the initial trial banks have been using it for settlements with each other - with no particular advantage, according to bankers.

A playbook from the 1980s for dealing with inflation

Economist 01 Dec 2022
Thereafter it moved downwards, paving the way for the low inflation of the 1990s.\nToday’s central bankers hope to repeat the trick and thus enter monetary policy’s hall of fame alongside the giants of the 1980s ... Second, defeating inflation requires the participation not just of central bankers, but other policymakers too.

ECB Says Bitcoin Is Artificially Propped Up, Shouldn’t Be Legitimized

The Epoch Times 01 Dec 2022
... the collapse of the FTX exchange this month, have given critics among central bankers and regulators ammunition to fight back.

No Love Lost: Why Bitcoin Is Becoming ‘Irrelevant,’ According To ECB Officials

Bitcoinist 01 Dec 2022
Bitcoin has been under the radar of the the European Central Bank and ... The two central bankers believe it is more likely an “artificially induced last gasp” before Bitcoin moves down the path to obscurity or, in their interpretation – “irrelevance.”.

e-Rupee may offer same anonymity as dealing in cash

The Economic Times 01 Dec 2022
Bankers told ET that once the CBDC-R (Central Bank Backed Digital Currency-Retail) is transferred to customer wallets, banks will not track or report these transactions ... .

The Fed Is Now Relying on a Miracle to Save the Economy

The Washington Post 01 Dec 2022
At least one powerful central banker sees unemployment rising only gradually. The problem? That really never happens ... .

Powell revives hopes of a Fed pivot. That's a bad thing

Gwinnett Daily Post 01 Dec 2022
US stocks popped after the central banker gave a ...

World Stocks Climb To Highest Since August After Fed Signals Smaller Hikes Ahead

MENA FN 01 Dec 2022
(MENAFN - Khaleej Times) The bulls were enjoying the good life in Europe on Thursday after the world's most influential central banker, Jerome Powell, signalled this year's frantic pace of US ... .

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Meeting between Prime Minister Sanna Marin and Chancellor Scholz on 16 March 2022
Flickr / FinnishGovernment / CC BY 2.0