central

Some market players are starting to fear a major policy error from a central bank

Some market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about …

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Shrinking the Fed's balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sheet demandable liabilities” — Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist at the IMF The Federal …

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China’s central bank seeks to mobilise $148bn bailout for real estate projects

China’s central bank seeks to mobilise $148bn bailout for real estate projects

Beijing is seeking to mobilise up to Rmb1tn ($148bn) of loans for millions of stalled property developments, in its most ambitious attempt to revive the debt-stricken sector and head off a backlash by homebuyers. In a bid to end a property downturn that played a big role in bringing year-on-year growth down to just 0.4 …

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The Central Park Boathouse re-opening? Don’t hold your breath

The Central Park Boathouse re-opening? Don’t hold your breath

She’s all washed up — and it’s a heartbreak for the city. Beware of false assurances from city officials, scrambling to save face — I don’t expect the Central Park Boathouse to come back to life any time soon after the restaurant shuts its doors in October. “It is our intention to engage a future operator as soon …

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EXCLUSIVE China's central bank accepts Ant's application for financial holding company - sources

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market …

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U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022.

Central banks are desperate to make up for past sins

Previously, Fed Chair Jerome Powell had indicated that the central bank would increase rates by half a percentage point this month. But worrying inflation data released last Friday, which showed prices leaping 8.6% in the 12 months to May, underscored the need for more aggressive action. “I do not expect moves of this size to …

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Global markets are tanking ahead of a huge week for central banks

Global markets are tanking ahead of a huge week for central banks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON — Global stock markets are falling sharply after May’s U.S. inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index …

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