Sentences with phrase «deposits by the central bank»

Not exact matches

Quick answer: no, as the European Central Bank, which has an inate fear of inflation, felt compelled on Thursday by the economic crisis in Europe to cut its benchmark interest rates by 0.25 percentage points, bringing the refinancing rate to a record low of 0.75 % and the overnight deposit rate to zero.

The idea is that deposit flight from Greek banks means that Greek citizens move their money abroad, where it is safe from Grexit, while Greek banks become more and more funded by the other eurozone central banks, leaving those banks to be the losers if Greece leaves the euro.

By charging banks more to keep deposits at the central bank and less to borrow from it, Mario Draghi, the E.C.B. president, and his colleagues hope to make it less attractive for commercial banks to hoard cash.

In other words, they can in theory expand credit by amounts that would positively dwarf their reserves on deposit with the central bank.

Regardless of whether it is implemented via an emperor surreptitiously reducing the precious - metal content of the coinage or by the banking system (the central bank and the commercial banks) creating new currency deposits out of nothing, monetary inflation is a method of forcibly transferring wealth from the rest of the economy to the first users of the new or debased money.

The importance of these insights for a proper understanding of central banks» devices for monetary control becomes instantly apparent once one realizes that, by regulating the actual quantity of its outstanding notes and deposit balances, together with the terms upon which it is willing to make more of the last available on credit to private sector financial firms, a central bank is able to influence, not just the quantity of circulating paper money, but the quantity of money substitutes created by the private sector.

The European Central Bank (ECB) in March doubled - down on its efforts to stimulate inflation by taking its deposit rate deeper in negative territory and expanding its asset purchases program.

The central bank has the monopoly on issuing currency, so if a customer withdraws cash from a demand deposit, the bank in turn has to obtain the bank notes by drawing down its reserves account with the central bank (leaving aside that banks keep a certain amount of vault cash on hand).

The funds crunch triggered by things as well as speedy credit score development, the regulatory deposit reserve prerequisite in addition to a crackdown on very hot dough inflows is abating subsequent to the central bank signaled its readiness to appease marketplace volatility.

A central bank by all means can adopt a negative rate, charging retail banks to hold their surplus funds on deposit... But in their hordes, customers would up and leave, withdrawing their cash and locking it up at home.

The Herald observed that the disclaimers were issued by Menzgold, long before the Deputy Governor of BoG, Dr. Johnson Asiamah, told Parliament's Public Accounts Committee (PAC) that the central bank has not licensed Menzgold to accept cash deposits.

A statement issued by the Central Bank said: «The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Limited that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd..

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This was achieved through high mandatory bank deposits and reserves, which are to be deposited to Central Bank by all business banks, for loans ranked as risk, high risk, hard or non-performing loans (NPbank deposits and reserves, which are to be deposited to Central Bank by all business banks, for loans ranked as risk, high risk, hard or non-performing loans (NPBank by all business banks, for loans ranked as risk, high risk, hard or non-performing loans (NPLs).

Investments have traditionally never been allowed via credit card purchases, but since cryptocurrencies operate in a shadow sector that isn't governed by Central Banks, conventional deposit methods haven't been easy to negotiate.

Such backstops include direct refinancing by a central bank or deposits protected by government deposit insurance.