Sentences with phrase «central bank monetary policy becomes»

EM issuers are facing more challenging economic and financial conditions as interest rates rise and central bank monetary policy becomes less accommodative.

Not exact matches

This approach to monetary policy was under assault after the financial crisis, as experts noted the central banks had deluded themselves into thinking that their job had become as simple as keeping inflation at 2 %.

Jens Weidmann, president of the German central bank, said in a recent speech he fears that monetary policy will become increasingly subject to political influence.

New York Fed President William Dudley said the central bank could still pass several rate hikes before monetary policy started to become tight, while Cleveland Fed President Loretta Mester said the Fed should keep raising rates to prevent the economy from overheating.

For one thing, central banks have become more likely to tap the brakes by raising interest rates and moving away from ultra-loose monetary policies.

Implied volatilities gradually declined around the world in the second half of 2003, as it became clearer that the easing cycle was drawing to a close, with some central banks beginning to tighten monetary policy after a prolonged period of relatively low and stable interest rates.

Zhang Xiaohui, an assistant governor at the central bank who became a member of its monetary policy committee in June, added that there was «no basis for the continued depreciation of the renminbi.»

Central banks are nearing the limits of extraordinary monetary easing, as monetary policy is becoming less effective in boosting growth and additional easing measures may have diminishing returns — and unintended consequences.

The idea was that politically independent central banks would take control of monetary policy from government treasuries that had become the de facto monetary policymakers during World War I and had created substantial inflation in many countries.

In terms, I think of inflation and bond markets, it took six, seven, eight, maybe 10 years of high inflation in the 1970s before you had Paul Volcker brought in to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policy.

The BIS acknowledges that this could have some repercussions on the conduct of monetary policy and of its transmission mechanism (as such digital currency would become a potentially widely - held asset and a liability on the central bank's balance sheet).

In the wake of America's 1907 financial panic, the Aldrich - Vreeland Act of 1908 created a «National Monetary Commission... to inquire into and report to Congress at the earliest date practicable, what changes are necessary or desirable in the monetary system of the United States or in the laws relating to banking and currency...» [1] The Commission's thirty - five monographs provided an exhaustive study of central banking structures and commercial banking policies, laying the groundwork for what in 1913 became the Federal Reserve Act.

Against this background, we think that the divergences in the monetary policies of the major economies are likely to become more apparent, which could increase pressure on some central banks and magnify market volatility.

The Fed's tendency to favor Treasury and agency securities when conducting monetary policy operations, though innocuous enough when banks hold only minimal excess reserves so that the Fed leaves only a relatively modest «footprint» on overall credit allocation, becomes a serious matter when banks pile - on excess reserves, turning the Fed into the central - bank equivalent of the abominable snowman.

Denmark's National bank has become the latest central bank to make a sudden move on monetary policy to help steer its currency down a certain path.

The AG justifies his standpoint with statements like «the communication strategy of central banks has become one of the central pillars of contemporary monetary policy» (at 87) and he stresses that «there is no doubt that the ECB now also includes communication among its key monetary policy tools» (at 88).