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 >
Central Banks
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 >