Sentences with phrase «as central bank officials»

As central bank officials try to thwart the virtual currency,...

Not exact matches

As official interest rates in various countries approached zero, there was talk that going negative — effectively requiring private lenders to pay to deposit their excess reserves at central banks.

Last week Abe also nominated academic Kikuo Iwata, who supports unconventional monetary policy, and BOJ official Hiroshi Nakaso, who has hands - on knowledge of the central bank's inner workings, as the BOJ's next two deputy governors.

In addition, central bank officials have indicated that three more increases likely are on the way in 2018, a view the market recently has adapted as well.

While New Zealand's official cash rate is already at a record - low 2 % after the latest cut in August, it is still the highest in the developed world — a major draw for yield - hungry investors and a complication for the central bank as a higher kiwi further dampens imported - led inflation.

The bank official described state - issued cryptocurrency as another possible solution to this problem, opining that, «Central banks around the world are examining (the use of digital currencies) so we should as well.»

«The central bank, if necessary, is fully capable of stabilising the exchange rate through direct intervention in the foreign exchange market to avoid [the] herd mentality resulting in irrational movements of the rate,» Ma was quoted as saying by the official Xinhua news agency.

As regulators squash bitcoin exchanges and token offerings, officials from the PBoC maintain interest in creating a central bank - issued digital currency.

Finance Minister Anton Siluanov has called for regulating digital money as securities, while central bank officials vowed to work with prosecutors to block websites that allow retail investors access to bitcoin exchanges.

Recently, there has been some discussion, prompted by senior staff at the International Monetary Fund (IMF), that central banks might aim for high inflation — say 4 per cent — as a way of giving them more scope to reduce official interest rates in future downturns.

Today, it's perched atop global currency markets as Canada wins acclaim for its economic outlook and handling of the public debt, a point driven home Wednesday when a Russian Central Bank official confirmed that the Canadian dollar would be added to its international reserves.

U.S. stocks surged Monday after a Federal Reserve official said the central bank shouldn't raise interest rates too soon, which came as a big relief to investors.

The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.

But Fed officials weren't ready for the unprecedented steps, such as bailing out the giant insurer, American International Group Inc., that they soon would be taking in a tumultuous year that transformed the central bank from obscure guardian of interest rates to aggressive fighter of financial crises.

Officials are also strongly considering the adoption of a consensus economic forecast for the central bank as a whole, as opposed to the quarterly individual projections for growth, employment, inflation and interest rates currently published.

At last month's Seoul summit of the G20 — or the G19 +1, as one senior Asian central bank official recently dubbed it — the US was isolated from the other world economic powers by the Federal Reserve's decision to print hundreds of billions of dollars to boost the struggling US economy.

To be fair, it's not really the place of Fed officials to be too explicit with policy recommendations, as it undermines the impartiality many see as necessary for an effective central bank.

Among the explanations that have been put forward are the increased credibility of central banks in controlling inflation (inflation rates remain below 3 per cent across the developed world), the low level of official interest rates in the major economies reflecting low inflation and the continuing weakness in some economies, a glut of savings on world markets particularly sourced from the Asian region, and changes to pension fund rules in some countries which are seen as biasing investments away from equities towards bonds.

The Central Bank of Iran has not prohibited the use of cryptocurrencies by law and only sought to warn people of the potential risks inherent in them, as the regulator has yet to announce its official stance.

And, despite the rate - hike today - seemingly reaffirming this commitment to battle a plunge into hyperinflation, as Bloomberg reports today, Argentina's central bank (BCRA) seems cornered between a rush for dollars and a fragile economy, as spot sales and surprise rate hikes fail to arrest the peso's depreciation and may lead officials to eye a different angle.

That has prompted experts, as well as some Fed officials, including Williams, to argue that this would be a good time for the central bank to rethink how it approaches monetary policy, something that policy - makers will have to do without Yellen's long experience and expertise in economics.

The lawmakers adopted N305 to a dollar as exchange rate, but advised the Central Bank of Nigeria to initiate measures that would close the gap between the parallel market and the official exchange rate.

For instance, Senator Dino Melayo had on several occasions in the floor of the national Assembly exposed explosive financial infractions committed by officials of the current presidency including the huge bills that Nigerian National Petroleum Corporations spends illegally as subsidy for importation of fuel and the illegal employment of children of favoured politically connected persons into plumb jobs in the central bank of Nigeria.

Officials at the European Central Bank evidently decided it would be fitting if europium - based compounds were added to euro banknotes as fluorescent security markings.

Rates are expected to stay low at least until the end of the year, but, officials at the central bank are once again expected to raise the interest rate, possibly as soon as September, making now the optimal time to lock in deals.

And over the last 9 months, official demand for US long - term bonds also disappeared — as reserve growth slowed (until recently) and central banks moved in mass toward short - term treasury bills.

Regulators overseeing cyberspace administration, banking and securities trading — as well as central - bank officials — considered various options for months but ultimately came to a consensus to shut down the exchanges, said the people familiar with the matter.

«Given that bitcoin and other currencies have not been introduced by the central bank as the official currency, as well as the risk of buying it and the activity of traders in this field, more precautions are coming into the market because of the possibility of malice.»

China's government dealt the cryptocurrency markets a severe blow on Tuesday, as multiple outlets reported that the central bank officials...

Last week, central bank officials and the Shanghai Financial Office met with BTC China executives as well as representative from OKCoin and Huobi and reportedly «urged the platform to behave in accordance with relevant laws and regulations.»

Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe in the knowledge that it was dwarfed by roughly $ 5 trillion circulating daily in conventional currency markets.

While Nigerian banks are prohibited from handling virtual currencies, the central bank is working on a white paper which will draft its official stance on use of cryptocurrencies as a payment method.

Further moves are unlikely for now, however, as officials from the central bank recently said that regulation is not needed for the use of cryptocurrencies as payment.

The GM urged the world's central banks, economy ministers, tax officials and financial regulators to «safeguard the real value of money» as cryptocurrency trading increases.

«Given that bitcoin and other currencies have not been introduced by the central bank as the official currency, as well as the risk of buying it and the activity of traders in this field, we want investors and people to follow precautions that are coming into the market, due to the possibility of malice.»

Whilst trading volumes in bitcoin futures at CBOE and CME remain fairly low, as both platforms still see it as an experiment, central bank officials warn of high risks of losing actual money by trading bitcoin due to the unpredictability of the digital currencies, and lack of clarity regarding mechanisms driving the market.

As bitcoin struggles to find its place as a legal tender for business transactions in many countries, director and registrar of the Reserve Bank of Zimbabwe, Zimbabwe's Central Bank, Norman Mataruka has raised more doubts about the cryptocurrency's authenticity in the country by an official statement released earlier this weeAs bitcoin struggles to find its place as a legal tender for business transactions in many countries, director and registrar of the Reserve Bank of Zimbabwe, Zimbabwe's Central Bank, Norman Mataruka has raised more doubts about the cryptocurrency's authenticity in the country by an official statement released earlier this weeas a legal tender for business transactions in many countries, director and registrar of the Reserve Bank of Zimbabwe, Zimbabwe's Central Bank, Norman Mataruka has raised more doubts about the cryptocurrency's authenticity in the country by an official statement released earlier this week.