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Central Bank

All articles tagged with #central bank

Putin Demands Answers as Russia's Growth Falls Short of Forecasts
business1 month ago

Putin Demands Answers as Russia's Growth Falls Short of Forecasts

President Putin pressed the government and the Central Bank for explanations after Russia’s economy undershot expectations this year, with January–February GDP down 1.8% year-on-year. Calendar-adjusted figures show January flat and February up 0.3%, but construction and broader industrial activity remained weak. Oil and gas revenues plunged, widening the budget deficit to 4.58 trillion rubles, signaling limited upside as economists warn of only modest growth around 1% this year amid high interest rates and war distortions.

via The Moscow Times|
#budget-deficit#business#central-bank
Bolivian air force cargo plane crashes in El Alto, at least 11 dead while transporting banknotes
world2 months ago

Bolivian air force cargo plane crashes in El Alto, at least 11 dead while transporting banknotes

A Bolivian Air Force C-130 cargo plane crashed on approach to El Alto International Airport, killing at least 11 people. The aircraft, flying from Santa Cruz, was carrying banknotes to the Central Bank of Bolivia. The runway was hit and the airport was temporarily closed as authorities opened an investigation. The Defense Ministry warned the banknotes have no purchasing power, and urged the public to stay away, as some people reportedly tried to collect the money at the scene.

via BBC|
#banknotes#bolivia#central-bank
France’s central bank chief resigns early, shaping Macron’s succession
business3 months ago

France’s central bank chief resigns early, shaping Macron’s succession

Bank of France Governor François Villeroy de Galhau will step down in June 2026, more than a year before his term ends, enabling President Macron to influence the appointment of his successor and potentially avoid a candidate aligned with the opposition; Macron supporters say the move aids a smooth transition, while critics call it a political stitch‑up; Villeroy said the decision is personal and will let him take a new role at a charity, with implications for ECB policy and France’s fiscal stance.

via politico.eu|
#bank-of-france#business#central-bank
G10 debt strains: higher yields, currency wobble
economics4 months ago

G10 debt strains: higher yields, currency wobble

The article argues that debt crises in advanced economies are more plausible than commonly thought: high public debt plus shocks can push yields higher, and even when central banks cap yields, currencies can depreciate, signaling ongoing, low‑grade crises across Japan, the UK, and parts of the euro area. For example, Japan’s yen falls as JGB yields rise despite BoJ caps, the UK sees rising gilt yields with a relatively stable pound, and Italy, Spain and France face growing debt pressures within a euro framework, though Germany's low debt provides some insulation. The piece concludes that debt distress is already unfolding in the G10 and could deepen.

via Robin J Brooks | Substack|
#central-bank#currency#debt-crisis
politics5 months ago

Market Uncertainty as Fed Chair Selection Nears

Some officials in the Trump administration are privately questioning Kevin Hassett's suitability for the Fed chair position, citing his limited influence on policy and leadership style, despite his extensive credentials and support from some allies. The decision remains uncertain as Trump considers other candidates amid economic challenges and debates over the Fed's direction.

via Politico|
#central-bank#economic-policy#fed-chair
Dollar Slightly Declines Against Yen Amid Data and Central Bank Moves
finance5 months ago

Dollar Slightly Declines Against Yen Amid Data and Central Bank Moves

The US dollar declined against the yen and Swiss franc amid a busy week of central bank decisions and US economic data releases, with expectations of a Bank of Japan rate hike and potential rate changes by the ECB and Bank of England. Key US data, including jobs and inflation reports, are awaited to clarify the Federal Reserve's policy outlook, while cryptocurrencies like Bitcoin and Ether continue to decline.

via CNBC|
#central-bank#dollar#finance
Gold Prices Drop Amid Market Uncertainty
business7 months ago

Gold Prices Drop Amid Market Uncertainty

Gold prices experienced a significant decline, with a 5.7% drop marking its largest in over 12 years, driven by profit-taking after a strong rally despite declining bond yields. While some see the pullback as a correction, gold remains on track for its best year since 1979, supported by central bank buying and expectations of lower interest rates, though traders anticipate continued volatility.

via Barron's|
#business#central-bank#gold-prices