Tag: #CentralBank
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US Central Bankers are More Optimistic and Economic Growth
Washington, Dec 16 (AFP/APP): US central bankers are slightly more optimistic about economic growth prospects over the next two years and see an improving employment picture, the Federal Reserve said Wednesday. The rollout of vaccines against Covid-19 raises hopes that the pandemic-damaged economy can begin to return to normal, but the outlook has been complicated…
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Pakistan’s foreign investment increased or decreased?
Lahore, 16th November: In the first four months of the current financial year, total foreign investment declined by 62%. Baaghi TV: According to the SBP, the total foreign investment during July-October was 42,425 million, 14,500 $ million left the stock market in four months, compared to 1100 $ million in the same period last year. …
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Chile announces $20 bn injection to stop peso slide
Santiago, Nov 29 (AFP/APP): Chile’s central bank announced Thursday a $20 billion injection into the economy aimed at curbing the plummeting value of the peso. The economy has been battered by the country’s worst social unrest in three decades, as well as a fall in the price of copper, of which Chile is the world’s…
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Australia’s central bank keeps interest rates on hold
Sydney, Nov 5 (AFP/APP): Australia’s central bank on Tuesday kept interest rates on hold at a record low, with governor Philip Lowe saying the economy was showing signs of life after three cuts this year. Resource-rich Australia dodged the worst of the financial crisis but recently recorded its weakest annual economic growth in a decade,…
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Argentina tightens exchange controls to stem capital flight
Buenos Aires, Oct 29 (AFP/APP): Argentina introduced strict exchange controls Monday to preserve depleting reserves as president-elect Alberto Fernandez and incumbent Mauricio Macri held talks, seeking to reassure investors over the country’s impending swing from market-friendly policies to protectionism. The country’s central bank said the currency exchange controls would help stem a surge in capital…
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Turkey’s new economic program for 2020-2022 revealed
ANKARA, Sep 30 (AA/APP):Turkey’s treasury and finance minister on Monday announced the new economic program of the country for the three-year period starting from 2020. The inflation rate should be lowered below 5% for a strong Turkey ideal, Berat Albayrak said during his presentation of the new program in the capital Ankara. “We revised our…
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China’s central bank skips reverse repos for 2nd day
BEIJING, Sep 30 (XINHUA/APP):China’s central bank skipped reverse repos for a second day in a row on Monday, citing abundant liquidity on the market. The overall liquidity in the banking system is on a relatively high level due to increased fiscal expenditures near the end of the quarter, the People’s Bank of China said on…
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U.S Fed increases holdings of Treasury securities
WASHINGTON, Sep 27 (XINHUA/APP):Data from the U.S. Federal Reserve (Fed) showed on Thursday that the central bank has increased its holdings of U.S. Treasury securities. For the week ending Sept. 25, the average daily figure of Fed holdings of U.S. Treasury securities rose by 5,315 million U.S. dollars to 2,107,405 million dollars. The majority of…
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Central bank drains 100 bln yuan from market
Beijing, Sep 26 (Xinhua/APP):China’s central bank drained 100 billion yuan (about 14.1 billion U.S. dollars) from the financial system on Thursday, with more reverse repos maturing than conducted. The People’s Bank of China (PBOC) injected a total of 20 billion yuan into the market through 14-day reverse repos at the interest rate of 2.7 percent,…