Banking Economy

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China should lean more on fiscal policy to spur growth-c.bank researcher

This is Money 20 Nov 2018

BEIJING, Nov 20 (Reuters) - China should rely more on fiscal policy to support the economy as downward pressure sharply increases, a senior central bank researcher said on Tuesday, as debate grows over whether Chinese authorities are considering more sweeping stimulus measures....

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Trust key to Australian economy: RBA boss

This is Money 20 Nov 2018

Australia's economic prosperity relies on people being able to trust banks and financial institutions, the head of the central bank has declared. People must also be able to trust their living standards will get better over time, Reserve Bank of Australia Governor Philip Lowe has stressed in an address in Sydney....

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Not a simple case of handing over $50b to Indian government

Gulf News 20 Nov 2018

Former Bank of England policymaker Willem Buiter posed that question in early 2008, and it’s currently the biggest challenge facing his long-time research collaborator Urjit Patel, the Reserve Bank of India governor ... Chile and Mexico are examples of central banks that have discharged their mandates successfully despite weak capital positions....

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British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto

Cryptocoin News 20 Nov 2018

Politicians including Godfrey Bloom expressed serious concerns towards quantitative easing, a system of printing new cash, as it provided central banks significant leverage over the economy and the global financial system ... As seen in the isolation of Iran from the global banking ......

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China’s economic opening-up to help offset US trade friction

Arab News 20 Nov 2018

China’s opening up of its economy will help it cope with the trade frictions with the United States, a central bank adviser said on Tuesday, adding that China cannot go backwards on its market reforms ... “We have achieved great success in building a market economy after 40 years, but it’s still imperfect ... Business & Economy Tags....

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Opinion | Why climate change should find more space in monetary policy

Moneycontrol 20 Nov 2018

On November 8, Benoît Cœuré of the European Central Bank warned that “climate change is not a theory ... Cœuré and Sweden central bank researchers in a recent note argue for a green monetary policy where central banks support the transition to a low carbon economy and encourage sustainable financial products and investments....

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Strong Aust growth to continue: IMF

This is Money 20 Nov 2018

That would further reduce slack in the economy, the bank has written, meaning more resources that aren't being used will be, paving the way for rising wages and prices ... "Planning, zoning, and other reforms affect supply and prices only with long lags, and underlying demand for housing is expected to remain robust," the bank said....

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Innovation ‘encouraging’ across Yorkshire despite slow economic growth across the UK

The Business Desk 20 Nov 2018

One of the nine members of the Bank of England's Monetary Policy Committee - responsible for setting ......

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FG Rakes in N2.524 Trillion Revenue in Q3

This Day 20 Nov 2018

To the Chief Executive Officer of Coronation Merchant Bank, Mr. Abubakar Jimoh, with the situation the economy is presently, where interest rate has gone up in some advanced economies and oil prices are down, “all indications show that the central bank would at the minimum hold rate, or they would tighten further.”....

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China's economic opening-up to help offset U.S. trade frictions-cbank adviser

This is Money 20 Nov 2018

BEIJING, Nov 20 (Reuters) - China's opening up of its economy will help it cope with the trade frictions with the United States, a central bank adviser said on Tuesday, adding that China cannot go backwards on its market reforms ... "We have achieved great success in building a market economy after 40 years, but it's still imperfect....

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Moldova cenbank chief resigns after return to financial stability

This is Money 20 Nov 2018

"The Moldovan banking system has been brought out of crisis, it is sufficiently recapitalised and does not represent dangers and threats to the economy, economic entities, and most importantly, the population," he told reporters ... Since then the central bank, backed ......

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FCMB Partners Institute to Boost Financial Inclusion

This Day 20 Nov 2018

First City Monument Bank (FCMB) is set to substantially increase its support to agribusiness, its value chain and growth of the Nigerian economy after signing a Memorandum of Understanding (MoU) with the World Savings and Retail Banking Institute (WSBI) ... banking proposition....

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Blog: What RBI Got Wrong In Handling Team Modi - And Public Opinion

NDTV 20 Nov 2018

India's central bank has often been made the scapegoat when the economy has slowed down. Successive governments have wanted the RBI to stimulate the economy through easy money policies. We all know... ....