Thursday, 26 May, 2022
TopicCentral banks

Topic: Central banks

No more US dollars? Ukraine war could change the global monetary system of 75 years

The Ukraine war has exposed the imbalance in the global financial system run primarily by the West. When the West decides the course of a currency, others must take it as given.

Emerging Asian countries, including India, running out of room to keep monetary policy on pause

The Reserve Bank of India’s move last week to keep the rates unchanged surprised markets, which had expected the bank to raise them to begin policy normalization after Covid.

Why RBI must stick to fundamentals amid global churn to ensure macroeconomic stability

More and more central banks are shifting their focus back to inflation even as growth recovery remains nascent. In this environment, RBI should avoid drastic policy responses.

SubscriberWrites: Central Bank Digital Currency is an idea whose time has come. But is India ready?

Digital currency is one step towards establishing a new-age, de-centralised financial system. India needs to be smart and willing, writes Vivek Sehrawat.

SubscriberWrites: China’s digital currency e-CNY – a tsunami or mere ripple against US dollar’s hegemony

Govts, markets and societies alike will have to adjust and transform. Central bank digital currency’s entry is the onset of real fintech disruption, writes Neha Baid.

Why interest rates are losing their relevance around the world

Economists have recommended Switzerland’s central bank put less emphasis on interest rates. There’s a lesson for the rest of the world, too.

RBI shows hawk and dove distinctions are for the birds, not economics

Central bankers are more pragmatic than many people give them credit for. Most try to deal with the hands they are given and confront the world as it is.

Pandemic-era central banking is creating bubbles everywhere

Signs of bubbles are everywhere as stock prices jumped by a magnitude not seen since the dot-com era, new share listings boom, and Bitcoin, continues its generally upward climb.

RBI becomes world’s first monetary authority with a million Twitter followers

India's monetary authority has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on the microblogging site.

Ex RBI Viral Acharya: Govt pressure on central banks can lead to kiss of death from markets

In his book, Quest for Restoring Financial Stability in India, the ex RBI deputy governor lists the ongoing challenges to RBI’s independence and how markets can ensure it.

On Camera

YourTurn

File photo of Taliban soldiers | ANI

Nothing has changed about Taliban, from terror to Sharia. Islamic world should pressure them

From upholding women’s rights to ensuring safety & internal harmony, the Taliban have backtracked on every promise they made, and the outcome can’t be great.
A petrol pump staffer refills fuel in a two-wheeler in New Delhi, on 29 March 2022 | ANI photo

Modi govt won’t borrow extra this year to fund tax cuts, inflation target to stay at 4%

The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.

Defence

Naval helicopters | Representational image | indiannavy.nic.in

What’s Combined Military Forces-Bahrain? US-backed coalition India joined on Quad sidelines

India is 35th member of the maritime counterterrorism partnership that also includes Pakistan, Australia, Bahrain, Denmark, Egypt, France, Germany and Greece, among others.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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