With inflation coming under control around the world, major central banks have embarked on a shift in monetary policy to spur demand and foster economic growth, In the past two days, the Bank of Canada and European Central Bank kicked off this regime change with the announcements of 25 basis-point ... READ MORE >
Central Banks
Assessing central bank policy in the post-pandemic economy
Following two of the largest economic shocks of recent history, global central banks are approaching a critical juncture. Stagnant global growth amid a structural economic shift demand a policy response by central banks still attempting to restore price stability. This makes decisions on when to ... READ MORE >
Global financial stress: Credit Suisse to borrow $53.7 billion from Swiss central bank
Switzerland’s central bank put forward $53.7 billion in liquidity on Wednesday to prevent a probable collapse of Credit Suisse, a systemically important global financial institution. The infusion by Swiss National Bank calmed global markets, but financial stress remains elevated and is ... READ MORE >
Are we entering an era of central bank intervention in currency markets?
Over the past week, the Bank of Japan has conducted what Is known as a rate check, or a formal inquiry into the buying or selling price of the Japanese yen. This rate check has been done in preparation for a possible intervention into foreign exchange markets to prop up the declining ... READ MORE >
Central banks brace for economic slowdown as manufacturing reflects contraction
A slowing global economy and declining bond yields across the developed world—some negative—portend a deteriorating business climate ahead. To combat this broad slowdown, global central banks are shifting monetary policy toward more accommodative stances that include real negative rates, nominal negative ... READ MORE >