On 28 November, the Bank of Korea shaved a quarter point from its key lending rate, dropping it to 3 percent, partly over concerns that looming U.S. tariffs could damage South Korea’s export-dependent economy, the Financial Times reported.
Tag: central banks
Post
SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
Post
HIGH DEBT, SLOW GROWTH DRAG DOWN GLOBAL ECONOMY, IMF SAYS
The world’s debt burden, already high and still growing, coupled with “anemic” economic growth are hobbling the global economy, Kristalina Georgieva, the International Monetary Fund’s managing director, said in a 17 October CNBC interview.
Post
WILL THE FED’S RATE CUT BE A GREEN LIGHT FOR OTHER CENTRAL BANKS?
Central banks in Canada, the Eurozone, Norway, Sweden, Switzerland, and the U.K. cut their interest rates before the U.S. Federal Reserve did.
Post
TOP TREND 2024, A GOLDEN YEAR FOR GOLD: SECOND-QUARTER DEMAND FOR GOLD HIGHEST ON RECORD
Worldwide gold purchases totaled 1,258 tons in this year’s second quarter, 4 percent more than a year earlier and the most in any three-month period since 2000 when the World Gold Council (WGC) began tracking sales.
Post
BLOCKCHAIN BATTLES
Advocates of Central Bank Digital currencies tout the efficiencies, “financial inclusion” and liquidity that can be unlocked via “programmable” capabilities of the new form of money.
Post
FINALLY, CENTRAL BANKERS ALARMED BY SURGE IN NATIONAL DEBTS
Once again, while all the facts are there for all to see who study trends, when they are negative to government interests, they are covered up until they can no longer be hidden.
Post
CENTRAL BANKS EXPECT TO KEEP BUYING GOLD
Central banks in 13 percent of the world’s advanced economies plan to add to their gold reserves over the next 12 months, compared to 8 percent a year ago, according to a survey by the World Gold Council.
Post
MORE CENTRAL BANKS ARE STOCKPILING DOLLARS
Eighteen percent of central banks expect to increase their supply of U.S. dollars over the next one to two years as the U.S. Federal Reserve is likely to keep its interest rate higher longer than other nations...
Post
CENTRAL BANKS: A RACE TO THE BOTTOM, MASS CURRENCY DEVALUATION
Just this past week, both the European Central Bank and the Canadian Central Bank, which is also known as the Bank of Canada, cut rates. Both the ECB and the CCB, made their move to cut rates following a move by the Swiss National Bank.