On 25 January, the Bank of Canada (BoC) added a quarter-point to its key interest rate, lifting it to 4.50 percent, its highest in more than 15 years.
Tag: banks
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SPOTLIGHT: INFLATION
Europe’s banks should set aside greater reserves to cover bad loans, regulators should require investment funds to hold more cash to cover a surge in withdrawals, and the European Central Bank (ECB) should not delay in beginning to sell its €5-trillion bond hoard next year, bank vice-president Luis de Guindos said in a statement accompanying the ECB’s semi-annual review of the region’s financial stability.
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MAKE NO MISTAKE! CENTRAL BANKS WILL CONTINUE TO INFLATE. FASTER!
To date, every manner of distraction and deception mechanism is being used against an unsuspecting public which is being crushed under the weight of surging inflation… and the worst is yet to come.
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NORWAY’S CENTRAL BANK RAISES RATE BY SMALLER AMOUNT
Norges Bank, the central bank of Norway, added a quarter-point to its benchmark interest rate last week, after raising the rate by a half-point in September.
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IS THE FEDERAL RESERVE MERELY INCOMPETENT OR IS THERE A DARK AGENDA?
I have never known the Federal Reserve to make a good decision. Indeed, disastrous decisions are the Fed’s hallmark. There are many such disasters. Among them the Great Depression, the decade long consequence of the Federal Reserve Board’s failure to prevent the shrinkage of the U.S. money supply.
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EGYPT’S CURRENCY FALLS AFTER IMF BAILOUT
The value of Egypt’s currency, the pound, fell 15 percent last week to a record low of 23.09 to the U.S. dollar after the central bank raised a key interest rate by two percentage points.
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CANADA’S CENTRAL BANK RAISES INTEREST RATE LESS THAN EXPECTED
On 26 October, the Bank of Canada (BoC) added a half-point to its benchmark policy rate, raising it to 3.75 percent and surprising analysts who had widely predicted a three-quarter-point bump.
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YEN SINKS FURTHER AS JAPAN’S GOVERNMENT ANNOUNCES $197 BILLION STIMULUS
At its meeting last week, the Bank of Japan (BoJ) held its key interest rate at -0.1 percent, made no changes to its program of bond purchases, and continued to cap the yield on 10-year bonds at zero percent, as predicted by 49 economists Bloomberg had polled.
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ECB RAISES KEY INTEREST RATE 75 BASIS POINTS
The European Central Bank (ECB) raised two key interest rates three-quarters of a point last week, the second such raise in the ECB policy committee’s last two meetings.
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EXPECT THE FED TO PIVOT
In life there are a few certainties. Among these certainties are death, taxes, and central banks.