Tag: central bank

November 27, 2023

The review reveals how “downside surprises” inspired by the current macro-financial environment are weighing heavily on residential and commercial real estate markets in the euro area. This is primarily in the form of rising debt service costs. For residential real […]

September 29, 2023

The Federal Reserve’s internal watchdog said the central bank’s supervision of Silicon Valley Bank did not keep pace with the firm’s growth and increased complexity before it collapsed in March, according to a report released on Thursday. “With the benefit […]

September 25, 2023

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The bill would amend the Federal […]

July 20, 2023

The euro picked up some support ahead of the European session as German PPI data (see economic calendar) beat estimates that could point to continued inflationary pressures within the German economy. This falls in line with yesterday’s CPI report but […]

June 20, 2023

The Fed’s publication of the database follows a federal mandate that the central bank create and “maintain a public, online and searchable database” of entities that have, or that are requesting, account and service access. Former Sen. Pat Toomey, R-PA, […]

March 1, 2023

The Treasury announced on Wednesday it will form a working group with the Federal Reserve and other agencies to shape global central bank digital currency standards amid ongoing interest in a digital dollar, said Under Secretary for Domestic Finance Nellie […]

February 8, 2023

Japanese Prime Minister Fumio Kishida provided the first prerequisite for the new Bank of Japan (BoJ) candidate who will replace outgoing BoJ Governor Harukiko Kuroda. Speaking in parliament earlier today, Kishida stated, “Since the Lehman crisis, close coordination among major […]

August 17, 2022

Before engaging in crypto-related activity, banking organizations supervised by the Federal Reserve should notify their lead point of contact at the central bank to ensure the activity is legal, the Fed said in a statement Tuesday. The directive is similar […]

June 17, 2022

Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]

May 17, 2022

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]

April 25, 2022

Republican senators raised the issue of transparency and ethics with regard to master account approval at the Fed during the nomination process for Sarah Bloom Raskin, a former candidate to serve as the central bank’s vice chair for supervision. Sen. […]

April 8, 2022

Indexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of […]

February 23, 2022

National digital currencies are gaining momentum. In November 2021, the nine largest banks in Japan announced that they will issue a digital yen this year. Nine countries have already issued central bank digital currencies and 14, including China, have pilots […]

February 11, 2022

New rules the Federal Reserve issued in October to clamp down on stock trading by board governors, regional presidents and senior staff seemed like a neat little bow to resolve a then-burgeoning scandal that, less than a month earlier, played […]

January 25, 2022

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]

November 8, 2021

Federal Reserve Gov. Randal Quarles resigned Monday in a move that allows President Joe Biden to give the central bank a Democratic majority. Quarles’ seat is the third Fed post Biden could fill in the coming months. One seat on […]

November 3, 2021

The US Dollar has made ground in a week full of central bank action. The RBA led the way yesterday, stepping back from yield curve control having already begun tapering their bond purchasing program. The Fed are up today, and […]

October 11, 2021

The Bank of England may need to hike interest rates earlier than previously expected as UK inflation runs hot, according to two members of the central bank’s rate-setting committee. Speaking to the Yorkshire Post, BoE governor Andrew Bailey said that […]

September 30, 2021

The findings come from the multiple CBDC bridge project (mBridge). It combines the monetary authorities of Hong Kong, Thailand, China and the United Arab Emirates. mBridge group members created a prototype which it says can reduce the time for international […]

September 3, 2021

Flint will formally take up his new position at the UK Infrastructure Bank (UKIB) on 27 September. The bank aims to support regional growth through private and local government partnerships in order to finance a green industrial revolution in clean […]