Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Central Banks

Tue, May 21, 2024 04:52 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Central Banking Series

One word repeated 9 times explains why the Reserve Bank cut: it's "coronavirus"

Mar 04, 2020 00:34 am UTC| Insights & Views Central Banks Economy

Never has a virus featured so prominently in a Reserve Bank statement. Reserve Bank of Australia The word coronavirus is mentioned nine times in the governors seven-paragraph statement. His board cut the cash...

BoK may frontload rate cut at tomorrow’s monetary policy meeting, says DBS Economics & Strategy

Feb 26, 2020 10:23 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to deliver a 25bps rate cut at tomorrows monetary policy meeting, given the deterioration in the local COVID-19 situation, according to the latest research report from DBS Economics ...

PBoC avows more rate cuts to offset coronavirus impact, says ANZ Research

Feb 25, 2020 08:08 am UTC| Commentary Central Banks Economy

The deputy governor of the Peoples Bank of China (PBoC), Chen Yulu, elaborated on recent monetary policy measures at a press conference held by the State Council on Monday, February 24. He outlined three measures to shore...

Bank Indonesia cuts key interest rate by 25 bps to 4.75 pct, likely to cut one more time

Feb 20, 2020 17:47 pm UTC| Commentary Central Banks

Bank Indonesia cut its key interest rate by 25 basis points today to 4.75 percent after a three-month pause. The cut made today marked the resumption of the central banks rate cutting cycle. The BI had previously lowered...

Central Bank of Turkey cuts key interest rate by 50 bps to 10.75 pct

Feb 19, 2020 17:44 pm UTC| Commentary Central Banks

The Central Bank of Turkey cut its benchmark interest rate again today by 50 basis points to 10.75 percent. It argued that lower interest rates are in line with projected disinflation. However, inflation accelerated again...

FxWirePro: Options Straps To Hedge EUR/AUD Ahead of RBA

Feb 19, 2020 13:52 pm UTC| Research & Analysis Central Banks

The action on currency markets yesterday saw the euro remain on the back foot. Once again, weak macro data weighed on the currency. The German ZEW measure of economic sentiment dropped sharply in February. For the Aussie...

FxWirePro: Spotlight On Aussie, Euro Rates And Strategies Ahead of RBA

Feb 19, 2020 13:09 pm UTC| Research & Analysis Central Banks Insights & Views

RBAs monetary policy meeting is scheduled on 3rdMarch, the rates markets are pricing a 5% chance of easing at the coming meeting (broader consensus is status quo), and a terminal rate of 0.46% (RBA cash rate currently at...

21 22 23 24 25 26 27 28 29 30

Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Tesla's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...