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Central Banks

Mon, May 13, 2024 02:04 PM All times are UTC

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Currency War Series

South African Reserve Bank likely to proceed with rate hike cycle in 2016

Mar 11, 2016 11:25 am UTC| Commentary Central Banks

The South African Reserve Bank is expected to hike its key rate to 7% as the high CPI inflation outlook continues to pressurize the central bank to go ahead with its rate hike cycle. According to the MPC, the South African...

Danish central bank to follow normal reaction function, narrowing EUR-DKK monetary policy rate spread

Mar 11, 2016 09:42 am UTC| Commentary Central Banks

The Danmarks Nationalbank yesterday stated that it kept the interest rates on hold. Hence, the interest rate on certificates of deposit is kept unchanged at -0.65% and the EUR-DKK monetary policy rate spread is narrowed to...

ECB did surprise market but market surprised more

Mar 11, 2016 07:59 am UTC| Commentary Central Banks

It would be fair to say that European Central Bank (ECB) succeeded in surprising the market, with big stimulus package it delivered, so the immediate effect was as intended. Bond yields were dropping, Euro was going down,...

ECB over-delivery fails to impress

Mar 11, 2016 01:55 am UTC| Commentary Central Banks

ECB fired a bazooka yesterday by more-than-expected across-the-board easing, though the markets were not impressed. Instead, the stock markets faltered and the EUR/USD ended higher than before the stimulus was announced....

Briferendum Series

Is the Bank of England independent when it comes to Brexit?

Mar 10, 2016 23:17 pm UTC| Insights & Views Central Banks

The Bank of England has been attacked by Leave campaigners for articulating what they deem to be pro-government, pro-Remain views about Brexit, when it should supposedly be independent. Governor Mark Carneys comment that...

CBR likely to leave key rate unchanged at March 18th meet

Mar 10, 2016 16:36 pm UTC| Commentary Central Banks

Elevated inflation risks and a vulnerable ruble could force the CBR to stay on the sidelines at March 18th meet. The ruble has gained quite a bit since weakening to a record low of USD/RUB 85.9675 on January 21, and is...

BoE FPC could likely decide on date for British banks' counter-cyclical buffer

Mar 10, 2016 16:03 pm UTC| Commentary Central Banks Economy

BoEs Financial Policy Committee in its Dec meeting agreed that the amount of extra capital British banks should set aside to protect them from future economic downturns should be 1 percent of their risk-weighted assets,...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

OpenAI's Sam Altman Proposes 'Universal Basic Compute' as AI Job Threat Looms

At a recent podcast appearance, OpenAIs CEO Sam Altman discussed universal basic compute, a radical idea that aims to change how we interact with AI technology. UBI to Universal Basic Compute: Altmans New Proposal In...

Billionaire Mark Cuban Urges SEC to Emulate Japan's Crypto Strategy Amid Regulatory Challenges

In a revealing social media post, billionaire Mark Cuban called SEC Chairman Gary Gensler to consider adopting Japans cryptocurrency regulatory framework. Cuban highlighted Japans recovery from major setbacks like the Mt....

What Silicon Valley's Elite Say About the Future of Crypto

The high-tech industry continues to aggressively advance in the blockchain industry, proposing and developing new solutions that improve and make Web3s goods more usable by both general consumers and sophisticated industry...

Crypto Scam Uses Elon Musk Deepfake as 'Developer' to Lure Investors

Elon Musk did not develop the sketchy cryptocurrency trading platform that a random user on Facebook recommends you invest in. The Hong Kong Securities and Futures Commission issued a warning last week on deepfake...

OpenAI To Announce ChatGPT 5 Potential Updates This Week Including Voice Features And Real-Time Interaction

The growing excitement among enthusiasts in the artificial intelligence (AI) area will climax as OpenAI releases its upcoming developments. Users have been speculating and making guesses, hoping to catch a glimpse and...