Can we really trust the promises
made by central banks for our money held via DLTs and blockchains?
And because these press conferences give context to the reasons behind some of the decisions
made by the central banks, they sometimes end up being far more important than the actual decision itself.
Reports state that Mataruka hinted at research being
made by the central bank to help zero in on the risks involved with dealing with cryptocurrencies like bitcoin, accentuating that «[bitcoin] will not be allowed» until they [Reserve Bank of Zimbabwe] had developed a regulatory model for bitcoin's use and flow within the country - a subtle detail that could point to a recognition of the currency probably in the future.
Not exact matches
The
Central Bank can close the credit pipes very quickly if it so desires by making it unprofitable to be a b
Bank can close the credit pipes very quickly if it so desires
by making it unprofitable to be a
bankbank.
Some investors are now
making calls that the euro zone's
central bank could end its massive bond - buying program
by the end of next year, with a potential rate increase in the fourth quarter.
Chinese
banking regulators announced this week that approximately $ 400 - billion (U.S.) in bad loans
made by Chinese
banks to local governments will be transferred to the
central government.
Until Tuesday, the
central bank had pledged to pump $ 1.1 trillion into markets via its asset - buying and lending program
by the end of this year, but had
made no commitment on whether to maintain the balance beyond 2014.
Comments were
made by representatives of the
central bank as well as the Securities and Exchange Commission on Tuesday, regarding the regulation of exchanges offering fiat - to - cryptocurrency conversion.
The Asian Bond Funds 1 and 2, initiated
by the regional
central banks, have
made good progress.
The ECB
makes governments unable to finance their spending
by central banks of their own Introduction of the euro in 1999 explicitly prevented the ECB or any national
central bank from financing government deficits.
Relatedly, Yifei discussed further efforts being
made by China to «strengthen the management» of gold and silver, improve anti-counterfeit currency work, and develop its
central bank digital currency (CBDC), which Yifei «steadily promoted,» according to an official press release.
Hence, all of the
central banks make judgmental adjustments to the forecasts generated
by the models.
The other heroic assumption
made by standard models is that the
central bank responds instantly a shock hits, and the economy responds instantly to the
central bank's response.
The closing of the doors took place in a very low - key way: there was no formal declaration of any capital controls, but the Korean
banks could obtain foreign exchange only
by going to the
central bank, so the
central bank could strengthen the
banks» bargaining position vis - a-vis the creditors
by simply not
making foreign exchange available to them.
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.
Global growth could be impeded
by a
central bank making a policy mistake, such as raising interest rates too aggressively with regard to timing or frequency.
There could be several factors that had investors on edge — including news that North Korea had completed a fifth nuclear missile test and the European
Central Bank had declined to announce additional measures to help stimulate Europe's sluggish economy — but many strategists pointed to a speech Friday morning
by Federal Reserve
Bank of Boston President Eric Rosengren, in which he said that «a reasonable case can be
made» for tightening interest rates in the U.S..
What Governor Rajan did say, in his remarks
made off the attached written text, was that the policies followed
by major
central banks around the world were in danger of slipping into the kind of beggar - thy - neighbour strategies that were followed in the 1930s.
«The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have
made the market of these currencies highly unreliable and risky,» the
central bank was quoted as saying in a Farsi report
by the Iran newspaper's website.
No funds will be
made available to Greece until after that list is reviewed and approved
by the Eurogroup, the European
Central Bank and the International Monetary Fund.
When that proverbial tide rolls out, owning investments that are fairly valued and that minimize the distortion that's been caused
by years of
central bank quantitative easing will
make sense.
The quantity of gold held
by the top 10
central banks, including the International Monetary Fund (IMF), is estimated to be in excess of 25,000 tons, which
makes them the third - largest investor in the precious metal following retail investments in jewellery and bars / coins.
Our goal is to help gold market participants
make informed decisions about their wealth in an era of unprecedented monetary expansion
by central banks worldwide.
The
central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen
by Reuters,
making it more expensive to bet on further depreciation of the yuan.
Also, Chinese policy -
making, including
central bank decisions, is dominated
by the Communist Party.
Despite the fact that all the
central banks have been woefully wrong about nearly every single forecast they have
made on GDP growth, inflation and labor markets for decades, they enjoy an aura of infallibility which would be the envy of any medieval Pope because they succeeded in doing what governments
by themselves were unable to do in 2008 - 9, namely stop and reverse the financial crisis.
In particular, the Chinese
central bank has been
making headlines and disturbing the «easy money fan club»
by daring to slow the growth of aggressive lending within the Chinese financial system
by limiting liquidity growth to the financial system as a whole.
In March 2016, hackers siphoned $ 81 million from the New York Fed account of the
Central Bank of Bangladesh, where instructions for
making the payment were considered authenticated
by the widely used SWIFT message system.
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.
It would
make sense for business entities to «borrow for longer» with private capital crowded out
by central banks now clamor for long - term cash flows, and this dynamic has tightened credit spreads to record narrow levels.
For Europe, the announcement of interest rate decisions
made by the European
Central Bank (ECB) is always followed
by a press conference.
And what's important there is, first, that the bubble is identified
by a set of experts — a set of policy makers who are focused on this issues — and, secondly, once the recommendations are
made it's a broader political decision, not just the
central banking making the decision; it's a broader decision
made by policy makers and legislators about what to do about the problem.
It loads down economies with debt — and when debt service exceeds the surplus out of which to pay it, the
central bank tries to «inflate its way out of debt»
by creating enough new credit («money») to
make real estate, stocks and bonds worth more — enough for debtors to borrow the interest due.
Yao's remarks align with statements
made by other executives from China's
central bank around its potential use of blockchain technology, including developing a state digital currency.
Not only this, but this FinTech concept is likely to also include cross-border transactions,
made possible
by the participation of another
central bank in the foreseeable future.
Much has been
made about the artificially low - interest rate environment formed
by central banks and their quantitative easing punishing savers - with...
The
central bank seeks to encourage increased lending
by banks by decreasing the reserve ratio, which is essentially the amount of capital a
bank needs to hold onto when
making loans.
Systems analysis, elaborate simulation techniques, automated access to
central data
banks, information theory, game Theory, and the use of socio - economic models, often mathematically stated, all aided and abetted
by the computer,
make possible a massive application of data not hitherto possible.
The organisation, in a report signed
by its Director General, Dr Nwambu Gabriel and
made available to journalists in Osogbo on Friday commended INEC for being proactive in the distribution of sensitive and nonsensitive election materials from the
Central Bank of Nigeria in Osogbo to all the units in the 10 Local Governments Areas that constitute the senatorial district.
This means that it can't decide on its own to either print more money or change interest rates as these decisions are
made by the European
Central Bank.
Nigerian government now seeks a court order compelling the two companies to pay into the Federal government of Nigeria account with the
Central Bank of Nigeria, the sum of USD 406,751,070 being the total value of the missing revenue from the shortfall / undeclared / under - declared crude oil shipments of the country,
made by the companies to United States of America.
'' As a result of this investigation,
banks which are the authorised dealers in the export and import chain have been
making effort to remit everything collected
by them to the
Central Bank.
One is that, to have money, you have to have the precious metal; you can't simply «create money», as the Fed and other
central banks currently do, to stimulate spending
by making money cheaper than what it will buy.
That does sound a bit like a proposal to raze the Tower of London in order to
make way for a new marina, or to replace St Paul's Cathedral
by an office tower block designed to house the godless
central computer of the National Westminster
Bank.»
When that proverbial tide rolls out, owning investments that are fairly valued and that minimize the distortion that's been caused
by years of
central bank quantitative easing will
make sense.
In a market being goosed
by the largest coordinated
central bank easing in history, it
makes sense to err on the side of bullishness.
By cutting its target for the overnight rate, the central bank is trying to push down the interest rates charged by Canada's big banks, making it cheaper for companies to borrow money to grow their businesse
By cutting its target for the overnight rate, the
central bank is trying to push down the interest rates charged
by Canada's big banks, making it cheaper for companies to borrow money to grow their businesse
by Canada's big
banks,
making it cheaper for companies to borrow money to grow their businesses.
The statement issued
by the FOMC, the Fed's policy
making unit, following its meeting on Wednesday sent a clear message that the
central bank expects to raise interest rates at its next sit - down in December.
Although there are many people who can
make a good educated guess, the actions of the
central banks in these countries are not regulated
by any governmental body.
And we all know that the phenomenon of «financial repression» practiced
by the world's
central banks has conspired to keep interest rates low for the foreseeable future, which
makes counting on highly taxed interest income from fixed - income investments equally dodgy.