The U.S. central bank faces no imminent pressure to stop the contraction of its holdings of Treasury bonds and mortgage-backed securities, data released by the New York Federal Reserve suggested on Thursday.
The former Bank of England boss, Mark Carney, is now running for the Liberal leadership in his native Canada. What does his time in London tell us? Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013.
Russia's central bank hiked rates to 21% late last year in a bid to cool soaring inflation.
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Fed Withdraws From Central Bank Climate Group
Federal Reserve Withdraws From Global Regulatory Climate Change Group
The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement,
Fed withdraws from Network of Central Banks for Greening Financial System
The Federal Reserve Board announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System.
The Indian central bank was likely selling dollars via state-run banks to support the rupee on Thursday, as the currency declined on the back of dollar bids from importers and foreign banks, three traders told Reuters.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
To encourage the use of the rupee and other currencies to settle cross-border transactions, India's central bank took steps to further liberalise regulations under the foreign exchange management act,
Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. Click to read.
China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared. Bullion held by the People’s Bank of China rose to 73.29 million fine troy ounces ...
Bessent said that he sees no reason for the U.S. to have a central bank digital currency. "In my mind, a central bank digital currency is for countries who have no other investment alternatives," Bessent said.
U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency
Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.
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