Page 8 - Central Banks

Bank of Japan scales back emergency funding as pandemic strains ease

In a widely expected move, the BOJ on Friday maintained its short-term rate target at -0.1% and that for 10-year bond yields around 0%.

Inflation is the biggest test yet for independence of central banks

Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains

Market wrap: Benchmarks end lower for a second day; Sensex slips 166 pts

NBFCs to come under the ambit of PCA framework from Oct 2022; Anand Rathi Wealth debuts at 9% premium; WPI-based inflation hits 12-year high of 14.2% in Nov

In year-end meetings, top central banks may diverge over inflation, Omicron

Major central banks meet this week to assess risks from the new Omicron variant of the coronavirus even as they consider reducing emergency measures put in place nearly two years ago.

Australia, NZ dollars struggle to break resistance in bumper Cen bank week

The Aussie was 0.1% lower at $0.7166, unable to break its resistance at $0.7187, below which the currency has traded since Nov. 26. Immediate support lies around $0.713.

IMF chief economist sees inflationary pressures, risks from Omicron

Gita Gopinath says a more transmissible SARS-CoV-2 variant such as Omicron could cost the global economy a further $5.3 trn, in addition to the current projected loss of $12.5 trn

Why Lanka wants migrant workers to remit funds via banking channels

The governor of Central Bank of Sri Lanka said he has seen a $300 million drop in remittances in just the last month

China's central bank frees up $188 billion as Evergrande default fears rise

The People's Bank of China (PBOC) said it would cut the amount of cash that banks must hold in reserve

We're overweight India in Asian equity portfolio: Manishi Raychaudhuri

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

Gold demand fell in the third quarter as big investors sold, says WGC

However, demand from jewellers and central banks was solid

Federal Reserve to RBI: Central bankers spooked by lingering inflation

Central bankers in a bind: targeting inflation with tighter monetary policy adds to the pressure on economies, but trying to boost demand may ignite prices further.

MPC may opt for cut in liquidity, no rate hike: BS monetary policy poll

The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate

Did central banks gain too much clout in pandemic: An economist explains

Christina Parajon Skinner, an assistant professor at the Wharton School and former legal counsel at the Bank of England, probe the question.

Central banks need self-awareness

'The Reserve Bank of India has a lot of experience in trying (and failing) to guide fiscal policy', says the author

Managing risks of a green economy

A rapid transition to renewable energy, which is necessary, will disrupt a number of businesses

World shares fall on fears over China, US taxes, central bank policy

World shares fell on Friday, pressured by concerns over China's markets, the potential for a US corporate tax hike and an update on the US Federal Reserve's tapering strategy next week

How green is my central bank

Green climate and other bonds, and fixed-income assets do offer an explicit and ex-ante guarantee of carbon neutrality

Central banks should not mandate 'green' investments: Raghuram Rajan

The former RBI governor said central banks should turn their focus to the financial stability of these green investments and other threats such as crypto currencies and cyber security

Time to reassess monetary policy positions

Although the pandemic is unlikely to end immediately, its impact on economic activity would slowly wane

The cost of saving global economy: $834 million an hour for 18 months

"Stimulus has caused immense inflation of Wall Street assets," wrote strategists led by Michael Hartnett