PBoC to tighten supervision of shadow banking businesses; aims to prevent asset bubbles in 2017
Dec 21, 2016 14:33 pm UTC| Commentary Central Banks Economy
The Peoples Bank of China is set to tighten supervision of shadow banking businesses in an effort to prevent asset bubbles in 2017 and to place greater importance on managing financial risk. The PBOC also urged financial...
Central Bank of Iran official hints heavy fintech project underway
Dec 21, 2016 09:08 am UTC| Fintech
The Central Bank of Iran (CBI) has decided to launch a new fintech regulatory body, according to CBI official, as reported by Financial Tribune. CBI has been working on fintech regulations since last year. We are...
BoE’s McCafferty back being a hawk
Dec 20, 2016 12:50 pm UTC| Commentary Central Banks
In a speech in Dorset on Tuesday, Bank of England (BoE) policymaker Ian McCafferty, a renowned hawk, who has voted in favor a hike most number of times over the past four years, said that the probability of a hike as the...
Central Bank of Turkey keeps key interest rate on hold
Dec 20, 2016 12:43 pm UTC| Commentary Central Banks
The Monetary Policy Committee of the Central Bank of Turkey has decided to keep the key interest rate unchanged today. The Committee kept the Marginal Funding Rate at 8.5 percent and borrowing rate at 7.25 percent. The...
BOJ to sit tight and hold policy steady amid yen weakness
Dec 19, 2016 13:51 pm UTC| Commentary Central Banks
Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours, probably around 3:00 GMT, followed by apress conference from governor Kuroda. Current monetary policy Early...
QE and inflation expectations likely to broaden term premium globally
Dec 19, 2016 11:16 am UTC| Commentary Economy Central Banks
As inflation expectations rise globally, the US Federal Reserve is expected to hike rates at a faster pace next year. Last week, FOMC forecasted 3 rate hikes, compared to just one each in previous two years. Then why the...
CNB to keep policy rate unchanged, likely to reiterate plan to exit EUR/CZK floor in mid-2017
Dec 19, 2016 08:00 am UTC| Central Banks Commentary Economy
The Czech National Bank (CNB) is expected to keep the policy rate unchanged at its monetary policy meeting scheduled to be held on December 22. Recent communications by the central bank suggest that it plans to exit its...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects