Sentences with phrase «which central banks»

The extent to which central banks around the world embark on tighter monetary policy will be a key driver to the bond market's performance in the second half of the year.

This is the insanity of the financial world to which the central banks continue to provide liquidity.

Loose monetary policy, including so - called quantitative easing through which central banks create new money to buy financial assets in the secondary market, has failed to spark a recovery because the world is awash in debt.

The recent Basel III pact, an international accord under which central banks across the world — including the U.S. Federal Reserve — agreed to regulatory standards, requires banks to increase their equity funding to at least 7 % of their «risk - weighted» assets by 2019.

We believe this reflationary phase, which central banks have been trying to achieve with years of ultra-easy monetary policy, has further to run.

«When you keep a discount rate low, which the central banks are doing, all the cash flow gets to equities in two forms,» Rieder said.

There are, however, some important things we know about how economic integration affects the context in which central banks operate.

When Bernanke's taper talk caused long - term interest rates to rise much faster than the Fed intended, one of the ways in which the central banks sought to allay market fears was to stress that it would keep short - term rates steady until the jobless rate had reached at least 6.5 %.

Under this hypothetical policy, governments transfer money directly to taxpayers to encourage spending, a handout funded by issuing bonds with a coupon of zero and no maturity date, which central banks buy.

The charts below from a San Francisco Fed study published in 2015 show the extent to which the central bank's forecasts were consistently above actual growth rates.

Through the use of netting, which the central banking community has consistently supported, the number and amounts of payments passing through large - value systems could decrease significantly.

The decision by the U.S. Federal Reserve to move away from its quantitative easing policy — in which the central bank creates billions of dollars to buy financial assets each month — comes amid signs the American economy is beginning to heat up, which would boost demand for Canadian imports.

I understand bond prices are driven by the long end of the rate curve more importantly than the short end which the Central bank influences through the overnight bank rate.

The move expands the scope of a similar document, seen on Tuesday, in which the central bank said it will require banks to hold reserves on behalf of clients» trading of currency forwards, in a move seen curbing speculation and volatility after a shock Aug. 11 yuan devaluation.

Since April, the Bank of Canada had been talking about a potential rate increase in the context of an «economic expansion» that failed to achieve the velocity that policy makers expected, keeping a lid on inflation, which the central bank is mandated to contain at an annual rate of about 2 per cent.

In an exclusive interview with The Globe and Mail on the heels of the Fed's monetary - policy decision Tuesday - in which the central bank took a small step back into re-investing some of its own balance sheet to ease monetary conditions - the influential bond manager gave a vote of confidence to the Fed's strategy, criticized the Obama administration and Congress for a their lack of innovation and leadership, and argued that unless big government - policy changes are made, the United States faces years of economic stagnation.

Repo rate is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.

Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.

The paper explores the concept of a central - bank issued digital currency (CBDC)-- that is, one in which a central bank uses some implementation of blockchain to underlie the issuance of an electronic money distinct from the kinds they maintain today.

In January, PBoC investigators discovered «irregularities» in the operations of the three companies, including offering a loan feature called margin trade, which the central bank said not only violates the country's rules but has also caused bitcoin's recent volatility.

The directive came after bitcoin hit a new all - time high, which the central bank described as «abnormal price fluctuations.»

A reverse repo is a process in which the central bank buys securities from commercial banks, with an agreement to sell them back in the future.

Not exact matches

The European Central Bank on December 3 dropped one of its main policy rates to negative 0.3 % from negative 0.2 % and said it would extend its bond - buying program, under which it creates euros to purchase debt, to at least March 2017.

Before Yellen addressed the Economic Club of Washington, her counterparts in Ottawa released their latest policy statement, in which Canada's central bank said it was keeping its benchmark interest rate at 0.5 %, a quarter - point shy of the lowest level ever.

There's no laboratory in which helicopter money can be tested, notes Cooper, so any central bank that tries it can't predict the economic outcome.

The euro, which has been knocked by weaker - than - expected economic data and growing doubts about when the European Central Bank will normalize its monetary policy, fell 0.67 percent against the greenback to $ 1.998.

Poloz's press conference followed the release of the central bank's December Financial System Review, which concluded that a record household debt burden makes Canada vulnerable to a housing crash, although policy makers see little reason to think that will happen.

In Germany, the European Central Bank (ECB) is scheduled to host its next Governing Council meeting, which will see a rate decision before the U.S. open.

That will reinforce confidence in a stock market rally that got another boost yesterday from the European Central Bank, which refused to set an end date for its quantitative easing program yesterday.

Japan's decision followed the lead of the European Central Bank, which had previously reduced its rate to -0.3 %.

Meanwhile, the central bank's own forecast pegs GDP growth at 2.6 per cent this year, which makes Canada one of the fastest growing economies in the developed world.

Indirect bidders, which include major central banks, were awarded 65.8 percent.

So while there are certainly arguments to be made in favor of a rules - based Fed over the pure discretion of the current PhD standard, such reform should not be viewed as a solution to the real issue, which is a central bank having a monopoly on money at all.

(That's a big step for the central bank, which would prefer to talk only about what it's doing to control inflation.)

In terms of data, the European Central Bank released its latest monetary policy meeting accounts which showed some divergent opinions withing the bank's boBank released its latest monetary policy meeting accounts which showed some divergent opinions withing the bank's bobank's board.

Kuroda said the size and type of assets the BOJ now buys is not enough to achieve its 2 percent inflation target, which he said the central bank would strive to hit within two years.

Comments: «In addition to forecasting positive earnings growth this year (which we did not in 2012), we are also using a slightly higher multiple to reflect the positive impact of heavy central bank intervention on the equity risk premium.»

Most likely, this reflects central banks» aggressive liquidity injections, which have translated into an increasing conviction among investors that major tail risks have been indefinitely removed.

Market players are concerned over the euro's recent strength, which could influence the central bank's position.

Canada's DBRS is the only credit rating agency willing to give Portugal an investment grade, which allows the European Central Bank to buy Portuguese government bonds.

Such a shift would bring the central bank a step closer to making the purchase of longer - dated bonds a central part of policy and partly echoes Japan's five - year quantitative easing campaign that lasted until 2006, under which it aggressively pumped cash into the economy.

Market players are concerned over the euro's recent strength, which could influence the European Central Bank's position

The difference between the two approaches is a subtle one in that the central bank's current policy tool - a 101 trillion yen ($ 1 trillion) program of asset buying and lending - also expands the BOJ's balance sheet, which at a third of GDP is a bigger proportion of the economy compared with those of the U.S. and European Union's central banks.

G4S's World Cash Report, which chimes with central bank data, found three quarters of online purchases in the Middle East and Asia are paid for in cash on delivery.

That's the first finding in this week's economic research wrap, which also looks at changes in the way women have spent their days in recent years and summarizes studies on spillovers from central bank balance - sheet normalization.

The selection of the new BOJ leadership comes at a crucial time for Japanese and global markets, which have been rattled in recent weeks on expectations major central banks will whittle down their crisis - mode stimulus.

Yet the value of the currency remains unchanged, which has become a barrier to the central bank conjuring the growth it needs to hit its inflation target.

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

Byrne is a trained economist and a longtime advocate for bitcoin, which he regards as a global currency beyond the control of central banks and governments.

Yet there is another scenario, which, many observers believe, is just as likely: that Putin, with about $ 465 billion in foreign cash and gold in Russia's Central Bank, could try to ride out sanctions, perhaps for years, and emerge even stronger (his approval ratings are above 80 %) as the Man Who Faced Down the West.