Zou Lan, head of the monetary policy department of the Chinese central bank PBOC Zou is also considering lowering the reserve ratio for commercial banks to allow them to lend more. (Foto: imago images/VCG) Beijing, Hong Kong China’s central bank wants to dig deep into its tool kit to fight an economic downturn in the world’s … Read more
Kristalina Georgieva and Shehbaz Sharif Last week the Pakistani Prime Minister met with the Managing Director of the IMF – now the agreement has followed. (Photo: via REUTERS) Lahore Pakistan averted default at the last minute. The government agreed on Friday with the International Monetary Fund (IMF) on a new loan of three billion dollars. … Read more
NEW YORK Market participants are apparently optimistic that the US Federal Reserve will not raise interest rates further on Wednesday, commented analyst Edward Moya from broker Oanda. After ten increases in a row, bank economists are now also expecting a monetary policy pause due to the cooling economy and the trend towards falling inflation. Another … Read more
13 hours Edit But how? (5) any trouble? After all, coal (fine) for power plants and heat and power plants is said to be cheap in abundance (our rulers took care of it, after all;) by a strange coincidence, but it’s probably a coincidence that electricity has become more expensive for everyone, now restrictions for … Read more
The banking crisis tightened credit conditions “While financial stabilization tools have helped calm conditions in the banking sector, developments in the industry on the other hand are contributing to a tightening of credit conditions and are likely to affect economic growth, employment and inflation,” Powell explained. “As a result, we may not need to raise … Read more
NEW YORK Better than expected economic data weighed on fixed income. The number of initial applications for unemployment benefits fell more sharply than expected in the past week. In addition, the leading indicator for the Philadelphia region brightened more in May than forecast. The data tends to point to further interest rate hikes by the … Read more
Oil prices rose as investors flocked to risky assets amid optimism about the debt ceiling negotiations in the United States, and they largely ignored a bearish report regarding the country’s oil inventories. US crude prices stabilized above $72 a barrel on Wednesday due to an improvement in risk appetite in general in the markets, driven … Read more
PARIS (Agefi-Dow Jones)–Jerome Powell, the chairman of the American Federal Reserve (Fed), recognized it at the beginning of May: after the last rate hikes announced at the beginning of the month, the major central banks are approaching the goal. Monetary institutions are beginning to give an idea of terminal interest rates. They would be around … Read more
State Street and Charles Schwab have recently experienced a significant drop in deposits. The decrease in assets has been attributed to a variety of external factors, including the COVID-19 pandemic and current economic uncertainty. As two of the industry’s largest custodians, these developments raise important questions about the state of the financial market and the … Read more
Bitcoin has soared to new heights, surpassing the $30,000 mark for the first time in over a year. This dramatic rise in the cryptocurrency’s value comes as a result of increased demand from investors and a renewed interest in digital currencies. The past year has seen a significant surge in Bitcoin’s popularity, with more people … Read more