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This series is dedicated to providing accurate and timely news about central banking, with a focus on monetary policy, financial stability and regulation for anyone looking to understand the policy of central banks and what central bankers think about the global economy.

Central Banking Series

The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panic

Mar 17, 2020 01:38 am UTC| Economy Central Banks

The Federal Reserve is 0 for 2 in its fight against Wall Streets coronavirus panic, seeming to confirm perceptions of the central banks impotence. The Feds first attempt to calm thing down a half-point surprise rate...

Central Banking Series

One word repeated 9 times explains why the Reserve Bank cut: it's "coronavirus"

Mar 04, 2020 00:34 am UTC| Insights & Views Central Banks Economy

Never has a virus featured so prominently in a Reserve Bank statement. Reserve Bank of Australia The word coronavirus is mentioned nine times in the governors seven-paragraph statement. His board cut the cash...

Central Banking Series

The evidence suggests Reserve Bank rate cuts don't hurt confidence

Feb 04, 2020 12:16 pm UTC| Insights & Views Central Banks Economy

When the Reserve Bank board meets today for the first time this year it is likely to leave its cash rate unchanged at the current all-time low 0.75%. Afterwards, it will announce its reasons, many of them good. But...

Central Banking Series

Quantitative easing now looks permanent – and has turned central banks into pseudo governments

Jan 24, 2020 05:38 am UTC| Insights & Views Economy Central Banks

After a pause of a few months, the worlds leading central banks are printing money again to try to bolster their economies. Commonly known as quantitative easing or QE, the European Central Bank (ECB) resumed its programme...

Central Banking Series

The next Bank of England governor must take a radically different approach to running the economy

Dec 20, 2019 03:30 am UTC| Insights & Views Central Banks

Following the monumental Conservative election victory, now is the time for the economics to work through. Mark Carney is due to leave his post as governor of the Bank of England at the end of January after six and a half...

Central Banking Series

BoJ likely to remain on hold for foreseeable future, says Capital Economics

Dec 16, 2019 07:51 am UTC| Commentary Economy

The Bank of Japan seems to have underestimated the drag on domestic demand from Octobers sales tax hike. But the global outlook has improved and the governments fiscal stimulus announcement has given policymakers a further...

Central Banking Series

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy

Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...

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Economy

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Politics

Donald Trump won’t lift coronavirus restrictions by Easter but expects more than 100,000 to die from coronavirus

President Donald Trump is no longer pushing to lift coronavirus restrictions by Easter. However, the POTUS shared some startling estimates by saying more than 100,000 Americans could die from the virus. On Sunday,...

Hillary Clinton mocks Donald Trump, links his ‘America First’ slogan to the country leading in number of COVID-19 cases

Despite assurances from President Donald Trumps administration in January that the coronavirus outbreak in the country is under control, new COVID cases in the country continued to rise. In fact, the U.S. is now the...

Joe Biden says the American people need to know the truth about coronavirus

The coronavirus pandemic has opened up the gateway to misleading or upsetting information that can do more harm than good. Former vice president Joe Biden weighed in on the current situation and said that the public should...

Barack Obama playfully accuses Prince George of breaking protocol during 2016 visit

In 2016, President Barack Obama and First Lady Michelle Obama paid a visit to the Duke and Duchess of Cambridge. A report at that time reveals how the former president playfully recalled how Prince George broke protocol...

US President Donald Trump eyes trade with China in the midst of COVID-19 pandemic

President Donald Trump has recently criticized the Chinese government for their response and failure to contain the coronavirus, which has claimed thousands of lives all over the world. However, this time around, a report...

Science

Dr. Anthony Fauci predicts over 100,000 coronavirus fatalities in US

As the world is currently struggling to contain the pandemic that is the coronavirus, it appears that the situation would only get worse before it could get better. According to Infectious Diseases director Dr. Anthony...

Asteroids: NASA releases a detailed map of asteroid Bennu's surface

One of the asteroids that NASA is keeping tabs on is referred to as Bennu, and the agency is currently on a mission to collect samples from the space rock. At the same time, NASA has put together photos taken of the...

NASA Astronaut Jessica Meir shares photo of Earth at night

In the midst of all the fear and panic surrounding the coronavirus pandemic all over the world, many are also in search of some good news. Recently, NASA astronaut Jessica Meir shared a photo of the Earth being illuminated...

Coronavirus update: Possible scenarios on how the pandemic will come to an end

The coronavirus or COVID19 may currently be disrupting everyday lives, but there is a time where it will end. With that in mind, it bears wondering just how will the pandemic come to a halt. With hundreds and thousands...

Technology

Google Pixel 5 might feature Snapdragon 765G and it’s for a good reason

Top-of-the-line Android devices have one thing in common, they are usually launched with the top-tier CPU from Qualcomms Snapdragon 8 series. However, there are rumors that Google might be opting for a drastic change by...

Tesla employees found positive for coronavirus

A couple of Tesla employees have reportedly tested positive for coronavirus as the company joins the private sectors efforts to help provide the lack of medical equipment to combat the COVID-19 pandemic. Tesla CEO Elon...

AirPods 3 wish list: 3 things to expect and 1 unlikely feature

One of Apples biggest successes in 2019 was the announcement of AirPods Pro, but it might be too pricey for some consumers. There may still be a significant demand for a new truly wireless earbuds from Apple with a less...

iOS 14 code allegedly leaked a no-notch iPhone 12 design

The iOS 14 update is only a few months away from being unveiled, so it is not surprising that alleged leak codes have started to make headlines. Recently, a report claimed that an iOS 14 code was containing a supposed...
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