The former Bank of England boss, Mark Carney, is now running for the Liberal leadership in his native Canada. What does his time in London tell us? Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013.
Russia's central bank hiked rates to 21% late last year in a bid to cool soaring inflation.
Egypt's current account deficit more than doubled to $5.9 billion in July-September 2024, compared with $2.8 billion in the year-ago quarter, as Suez Canal revenues remain depressed, the central bank said on Thursday.
"Financial deregulation as some people are calling for in the United States would be dangerous, including for the financial system itself," Bank of France Governor Francois Villeroy de Galhau told the French Senate's finance commission.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
Bessent said that he sees no reason for the U.S. to have a central bank digital currency. "In my mind, a central bank digital currency is for countries who have no other investment alternatives," Bessent said.
Reserve Bank of India's plan to infuse liquidity into the banking system daily via variable rate repo (VRR) auctions will lead to a drop in overnight interbank and money market rates, as well as near-end overnight index swaps,
Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. Click to read.
Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.
Czech central bank chief Ales Michl called on the government to balance its budget to help prevent any future inflation resurgence.
The People’s Bank of China pumped about $131 billion worth of liquidity via seven-day reverse repurchase agreements.