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Friday, March 29, 2024
TopicCentral banks

Topic: Central banks

The world’s central banks are treading cautiously into 2024. Here’s why

Some of the world’s major central banks–such as US Federal Reserve & European Central Bank–are likely to avoid drama in their last set of meetings for 2023.

Time ripe for ‘de-dollarisation’? Not yet, say central bank officials in new international survey

Several countries are calling for trade to be carried out in currencies besides the US dollar. But a survey of central bank currency managers shows the shift will be a slow affair. 

‘Banks are money creators, they aren’t just passing the parcel,’ says former CEA Subramanian

At ThePrint ‘Off The Cuff’, IMF Executive Director KV Subramanian tells Editor-in-Chief Shekhar Gupta & Deputy Editor TCA Sharad Raghavan the missing link between credit control & policy rates.

World’s central banks got inflation calls wrong, economies pay as pandemic recovery fumbles

The Federal Reserve is anticipated to raise interest rates by 75 basis points Wednesday, just weeks after Chair Jerome Powell & his staff projected a half-percentage-point increase.

Rate hikes lead to speculation that Asian central banks may not stop soon

Central banks raising rates in Asia have prompted bets on continuing hikes in swap markets.

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.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.