Page 2 - Central Banks

ECB keeps rates unchanged as world's central banks wrestle with when to cut

The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that's struggling to grow. The bank's rate-setting council said in its post-decision statement that, Most measures of underlying inflation are easing... But domestic price pressures are strong and are keeping services price inflation high. President Christine Lagarde's news conference will be scrutinised for hints about the potential downward path of rates at future meetings. The policy meeting at the bank's skyscraper headquarters in Frankfurt is widely regarded as a prelude to a likely rate cut at the next meeting on June 6, after Lagarde dropped a broad hint by saying that the bank would have more information on the path of inflation at that meeting. The decision comes as the rich world's central banks including the ECB and the US Federal Reserve are weighing when ..

A wholesome policy

Domestically, however the economy continues on a strong footing

RBI, Indonesia's central bank sign agreement for local currency trade

India's second such local currency trade agreement, after one with the UAE

Cracks start to emerge in global central bank's four-year synchronicity

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

China holds key interest rate as economy prepares for 'difficult year'

The People's Bank of China maintained the rate on its one-year policy loans on Monday, disappointing investors expecting the first trim since August

Cen banks to intervene more in bond mkt; regulation needs review: ICMA

The report is based on the biggest government bond markets in Europe

Central banks have saved the world in the past. And will do so again

'Central banks will occupy an ever-more important position in the economic and security life of nations, if history is any guide'

Gold to maintain upward trajectory in 2024, ended CY23 with 15% return

Yellow metal to maintain its impressive run in 2024 on the back of triggers such as the moderation in US economic growth, expectation of rate cuts this year and continued buying from central banks

Investment funds managers face tougher rules on investor cash calls

Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks

RBI receives bids 2.7 times against notified amount at 7-day VRR auction

The central bank conducted a VRR auction after six months

Reserve Bank of India net sells $1.5 billion foreign currency in September

In the second quarter of the current financial year, the RBI purchased a net total of $1.9 billion of foreign currency, against $33.7 billion in the second quarter of the previous financial year

Japan's $20 trn 'carry trade' poses risks amid central bank's policy shift

Deutsche Bank's report extends that scenario to include the Japanese government and its balance sheet

Regulated entities to follow new IT framework from April 2024: RBI

The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

Bonds are looking attractive and set to beat cash, says Goldman Sachs

Goldman Sachs strategists see 10-year Treasury yields at around 4.6 per cent over the next 12 months, just below their current level after this week's sharp fall

Israel's central bank cuts growth estimate as war impacts economy

The monetary committee kept its benchmark at 4.75% for a third consecutive meeting on Monday, in line with the forecasts of almost all economists surveyed by Bloomberg

G20 FMCBG meeting at Marrakesh: All eyes on MDB reform road map

On crypto assets, Lavasa said it may not be a major priority as there are several issues related to it that require acceptance

Turn and bounce

MPC needs to be extremely vigilant

Unabated FPI selling pulls indices to 1-month low; now eyes on Q2 results

Benchmark indices hit one-month lows on intraday basis

Growth jitters knock global stocks before central bank meeting-packed week

The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%

B20 Summit India 2023: Taming inflation key to growth, says FM Sitharaman

Sitharaman says green shoots of private capex upcycle can be felt now