Tag: #Cental Banks

Federal Reserve Chairman Kevin Warsh announced on Wednesday a wide-ranging project to review key ​aspects of central bank policy making, in a move that indicated any near-term moves to change how the Fed manages ‌its massive stock of bonds lay well off in the future.

The Bank of England on Thursday opted to hold its benchmark interest rate steady at 3.75%.

Brokerages are adding a September rate cut to their forecasts after Federal Reserve Chair Jerome Powell signaled the central bank could ease policy next month.

A digital euro could be launched in three or four years but banknotes will be available as long as there is demand for them, Fabio Panetta, a member of the European Central Bank’s Executive Board, told Les Echos.

U.S. bank Citi said on Wednesday it now expected two further Bank of England interest rate hikes, rather than the one it had previously forecast, and no rate cut in November after inflation data came in higher than expected.

The Bank of England on Thursday hiked interest rates by 25 basis points and revised its economic projections to now exclude the possibility of a U.K. recession this year.

Finance leaders of the Group of Seven (G7) advanced economies will discuss this week ways to strengthen the global financial system, Japan’s finance minister said on Tuesday, as recent U.S. bank failures bring the risk of digital bank runs into focus.