Latest Central banks Stories

2014-08-06 12:25:15

LONDON, Aug. 6, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:Insight Report: Regulation in Global Bankinghttp://www.reportbuyer.com/banking_finance/banking/insight_report_regulation_global_banking.html SynopsisThe report provides a detailed overview of regulatory initiatives taken by governments and regulatory bodies across the world in the past few years.-- It provides an insight into emerging regulations such as Basel III, FATCA and Dodd-Frank, and...

2014-07-10 16:23:35

TORONTO, July 10, 2014 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 1.00 percent at its next announcement on July 16, 2014. Looking ahead, the Council called for the Bank to hold the target at 1.00 percent through the rest of 2014, but called for a target of 1.75 by July 2015. The MPC provides an independent...

2011-04-14 01:00:00

HELLERUP, Denmark, April 14, 2011 /PRNewswire/ -- Saxo Bank, the online trading and investment specialist, today released its second quarter Outlook, a short analysis examining the global economic outlook for the forthcoming quarter. Economic growth has been strong across the board for the most part this year, but that is not an all-clear for loading up in risky assets. Saxo Bank foresees increased volatility in the second quarter as uprisings in the Middle East, a wounded Japanese...

2010-10-25 13:58:00

NEW YORK, Oct. 25 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: From its mid-October all-time high pennies over US$1,387 to its recent low just under $1,315 last Friday, gold suffered a loss of just about 10 percent. However, looking closely at the price action and short-term supply/demand flows of recent weeks reveals the metal's inherent strength --...

2009-09-10 11:01:18

The Bank of England said Thursday it would maintain its bank-to-bank lending rate at 0.5 percent and continue with a $291 billion program of asset purchases. The BOE lowered its lending rate to its current, historic low in March to add liquidity to the financial system. It also began a more modest asset purchasing program in March, a $125 billion program, which it expanded in August to the current level. To date, the bank has made about $243 billion in asset purchases. In recent policy...

2009-09-03 14:17:45

The European Central Bank left its overnight bank-to-bank lending rate unchanged Thursday citing an uneven economic recovery. In a news conference, bank President Jean-Claude Trichet said inflation in the euro at minus 0.2 percent in August, was expected to turn positive within the coming months. The EC bank said it would keep the lending rate at 1 percent, the rate it first set in May. Trichet said it was not yet time to back away from economic programs that propped up the financial system...

2009-08-06 09:41:49

The European Central Bank said Thursday it would keep its key lending rates unchanged. The bank-to-bank lending rate was trimmed to 1 percent in May following a series of reductions to meet the downturn in the economy. Bank President Jean-Claude Trichet was scheduled to explain the bank's actions later in the day.

2009-07-02 09:38:02

The European Central Bank left its key lending rate unchanged at 1 percent Thursday, a move anticipated by many economists. In a prepared statement, bank President Jean-Claude Trichet said policymakers at the bank expected inflation to remain dampened over the policy-relevant horizon. Policymakers also expected a further deterioration in labor markets, he said. An economic recovery was expected to be gradual, he said, with a return to positive growth in the second quarter of 2010. Trichet...

2009-04-07 08:42:25

The European Central Bank said that European countries couldn't adopt the euro without becoming members of the eurozone. Responding to a media article concerning a draft of a confidential International Monetary Fund report, ECB Governing Council member Ewald Nowotny said, membership for European monetary union has very clear rules and these rules have to be followed. From an economic point of view, (loosening rules for membership) would not be a good signal, Nowotny said. The Financial Times...

Word of the Day
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.