Search Results for: central banks
Central banks buying up gold to diversify away from US dollar
May 12th, 2016
The demand for gold has renewed worldwide with the price for the precious metal climbing to nearly $1300 per ounce for the first time in 15 months. The rally has been led by the world’s central banks loading up ...
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
March 24th, 2016
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 ...
G-20 Wants Governments Doing More, and Central Banks Less
February 29th, 2016
Fiscal pledges lack specifics, risking market disappointment Concern voiced over currency wars after BOJ rate surprise Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency ...
Gold demand resilient in 2015 as central banks and consumers spur strong H2 recovery
February 11th, 2016
Global gold demand in 2015 was virtually flat compared to 2014 at 4,212 tonnes (t), according to the World Gold Council’s latest Gold Demand Trends report. Despite a challenging start to the year, gold demand rebounded in the second half ...
Asia markets trade lower, focus on oil, earnings and central banks
February 2nd, 2016
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, to close down at 17,750.68, while South Korea’s Kospi slipped ...
BoE Chief Economist: Blockchain-based Digital Currency Issued by Central Banks Could Replace Cash
September 29th, 2015
In a talk given at the Portadown Chamber of Commerce in Northern Ireland on September 18, Andrew G Haldane , Chief Economist at the Bank of England (BoE), has hinted at the possibility that the U.K. government might issue a digital currency. Though ...
PBOC opens onshore fx market to central banks
September 15th, 2015
The People’s Bank of China said Monday it would allow foreign central banks to trade in the country’s foreign-exchange market, echoing a promise made by Chinese Premier Li Keqiang at the World Economic Forum last week. The central bank ...
Central banks to create full global FX code by May 2017
September 9th, 2015
A committee of major central banks aims to finish work on the first full global code of conduct to regulate the scandal-hit foreign exchange market by May of 2017, officials said on Wednesday. The new code will deal with ...
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
China Opens Interbank Market to Central Banks, Sovereign Funds
July 14th, 2015
China issued new rules making it easier for foreign central banks, sovereign wealth funds and global financial organizations to access its interbank bond market, the latest step in the opening up of Asia’s largest economy. They will no longer ...
