On the US stock market, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) picked up speed again after the sobering start to the week on Tuesday. NEW YORK (dpa-AFX) – On the US stock market, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) picked up speed again after the sobering start … Read more
With credentials in combating unemployment and regulating the financial system to show on the left, but still seen as sufficiently moderate on Wall Street, Janet Yellen, the former president of the Fiscal Reserve achieves the difficult task of being accepted by both sides of the political spectrum as a good choice for Joe Biden for … Read more
– The debate was triggered by a letter from Treasury Secretary Steven Mnuchin to Federal Reserve Chairman Jerome Powell on Thursday evening. In the letter, he calls for some of the corona emergency programs launched by the Fed to be phased out. Mnuchin wants to use the funds released elsewhere in the corona crisis. Mnuchin … Read more
– In view of the persistently grave economic situation, the central bank decided to stick to its extremely relaxed monetary policy. With the BoJ’s decision, Japanese commercial banks can still get money from the central bank almost free of charge. Loans for business investments and for consumers should remain cheap. The third largest economy in … Read more
– Banks in Frankfurt The German financial institutions are attacking the ECB’s negative interest rate policy. But according to a Bundesbank analysis, the consequences for commercial banks are not that bad. – (Foto: picture alliance / Foto Huebner) – – – – Frankfurt German banks have been complaining about negative interest rates in the euro zone … Read more
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Will there be a breakthrough in the conflict between Germany’s highest judges and the European Central Bank? In early May, the German Constitutional Court caused a minor earthquake in the euro zone. The Council judged that the ECB acts unlawfully by buying government bonds in bulk, without properly explaining why this is ‘proportional’. The ECB … Read more
05/10/2020 01:01 (Act. 10.05.2020 01:01) – – – Poland praises controversial Karlsruhe ruling on ECB © APA (dpa) – – – Prime Minister Mateusz Morawiecki of Poland has praised the German Federal Constitutional Court for its controversial judgment on the European Central Bank. It was “one of the most important judgments in the history of … Read more
I.n hurriedly scheduled emergency meetings, monetary politicians in almost all major economies have announced several hundred billion programs that add up to trillions of dollars. A real tsunami of liquidity is rolling in on the markets and economies. This creates a danger reminiscent of the 1920s: the return of inflation. Even if the big price … Read more
A number of companies expected that the coming period will witness optimism regarding the current trends of monetary policy as a result of the central bank’s decisions to reduce the interest rate on deposits and borrowing, as well as the continued improvement of the pound exchange rate against the US dollar, as well as further … Read more
03/12/2020 03:30 (Act. 12.03.2020 03:30) – – – ECB President Lagarde emphasizes the central bank’s ability to act © APA (AFP) – – – In view of the corona virus crisis, stock market crash and oil price shock, the European Central Bank (ECB) is advising about possible support for the economy. Quite a few economists … Read more