Banking Economy

Latest News for: Banking economy

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Fed policy a leading indicator of how other central banks are going to act: James Glassman, JP Morgan Chase

The Times of India 22 Mar 2019

If inflation is an issue, central banks have to step in; if it is not an issue, they can be relaxed and that is where we are with the developed economies, said James Glassman, MD & Head Economist, JP Morgan Chase & Company in an interview with ETNOW ... developed economies....

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Banking association: Not for interest cartelling

The Himalayan 22 Mar 2019

A banking association is similar to other professional associations, in that it gathers intelligent, like-minded professionals to provide participants with access to a variety of opinions and ideas ... A survey based report released by the World Bank in March 2016 also declared that cartelling by the big banks always hurts the economy....

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IMF commends Ghana for banking sector reforms

Ghana Business News 22 Mar 2019

The International Monetary Fund Executive Board has lauded authorities for strengthening the banking sector and resolving issues involving nine banks ... “The authorities deserve praise for strengthening the banking sector and for resolving nine banks ... In the process of the clean-up, the Bank of Ghana revoked the licences of seven insolvent banks....

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UK firms step up preparations for ‘no-deal’ Brexit

Dawn 22 Mar 2019

The Bank of England warned in November that the British economy could shrink by a massive 8 percent within months, though Governor Mark Carney has indicated the recession will be less savage, partly because of heightened preparedness ... the British economy for nearly three years....

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Agenda: as Lane takes his ECB seat, the bank finds itself in uncharted territory

The Irish Times 22 Mar 2019

However, earlier this month the bank said its key rates are set to remain on hold until next year at least. It also signalled that it remained in fire-fighting mode by unveiling another attempt to stimulate bank lending – through a third programme of cheap funding for lenders known as TLTRO-III – amid mounting fears about the euro zone economy....

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Why the US Federal Reserve solidified its policy u-turn

The Times of India 22 Mar 2019

Instead, the central bank’s decision to scale back its projected interest rate hikes this year could also reflect a combination of concerns about the international environment and financial market volatility, along with a desire to buy some insurance for the economy and minimize criticism from the White House....

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Economists expect upturn in H2

China Daily 22 Mar 2019

Although China's economy has encountered downward pressure against a larger backdrop of slower global economic growth, economists are optimistic about growth in the second half of the year ... But policies may offer higher-than-expected stimulus and support for the economy and promote recovery in the second half, Shen added....

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New Fed forecast for 2019: Slower growth and zero rate hikes

Yahoo Daily News 22 Mar 2019

The economy is slowing ... The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad ... Analysts said the Fed's downgraded outlook for the economy might have alarmed investors ... and global economies....

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Emefiele Foresees Three Per cent GDP Growth Rate in 2019

This Day 22 Mar 2019

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018 ... He, however, noted that the apex bank would adjust the policy rate in line with unfolding conditions and outlook....

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Is the FED Throwing in the Towel?

Armstrong Economics 22 Mar 2019

We are headed into a hard-landing in the global economy ... The FED is not in the same position as either the ECB or the bank of Japan ... the reserve assets among central banks ... Once it becomes more obvious that central banks cannot manage the economy, then we arrive at the game changer....

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Euro zone March business growth well below expectations - PMI

RTE 22 Mar 2019

But today's survey suggested the bloc's economy had a poor first quarter, which will support the European Central Bank's change of tack earlier this month. ... and said it would offer banks a new round of cheap loans to help revive the economy. ....

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Euro zone business growth worse than expected in March -PMI

Yahoo Daily News 22 Mar 2019

That supports the European Central Bank's change of tack earlier this month. It pushed out the timing of its next post-rate increase until 2020 at the earliest and said it would offer banks a new round of cheap loans to help revive the economy ... The economy expanded 0.2 percent in the final three months of 2018, its slowest pace in four years....

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Jennifer Rubin: If the Fed is right, Trump is in a heap of trouble

Winston-Salem Journal 22 Mar 2019

economy, citing slower consumer and business spending. On Wednesday, the central bank cut its growth forecasts, left interest rates unchanged and indicated it won't do any hikes this year." ... "The Fed entered 2019 predicting the economy would grow 2.3 percent and two more rate hikes would be necessary to keep the economy from overheating....