Central bank http://www.globalpost.com/taxonomy/term/23515/all en Discord rife over ECB's next rate move-Reuters poll http://www.globalpost.com/dispatch/news/thomson-reuters/130107/discord-rife-over-ecbs-next-rate-move-reuters-poll <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Economists split on whether ECB will cut rates in 2013</p> <p>* In any case, rate cut unlikely on Thursday</p> <p>By Andy Bruce</p> <p>LONDON, Jan 7 (Reuters) - The European Central Bank will<br /> keep interest rates unchanged this week, economists forecast in<br /> a Reuters poll, but they cannot agree on the chances of a cut in<br /> the next few months due to a murky economic outlook.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/discord-rife-over-ecbs-next-rate-move-reuters-poll" target="_blank">read more</a></p> Central bank Economic history Economics Economy of the European Union Euro European Central Bank European Central Bank European System of Central Banks European Union Inflation Person Career President of the European Central Bank Quotation Social Issues Thomson Reuters Mon, 07 Jan 2013 14:08:41 +0000 Thomson Reuters 5731330 at http://www.globalpost.com ANALYSIS-Egypt's currency crisis hinges on household dollars http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-egypts-currency-crisis-hinges-household-dollars <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>By Sujata Rao</p> <p>LONDON, Jan 8 (Reuters) - The key to preventing a messy<br /> devaluation of Egypt's pound may lie with the country's<br /> households, whose dollar holdings are being eyed by foreign<br /> investors as a critical gauge of trust in the authorities.</p> <p>Countless emerging market crises have shown over the decades<br /> that it is not the withdrawal of foreign investors from a market<br /> but the flight of local households and businesses from a<br /> currency that is instrumental in its collapse.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-egypts-currency-crisis-hinges-household-dollars" target="_blank">read more</a></p> Business Central bank Currency Devaluation Economics Exchange rate Fixed exchange-rate system Foreign exchange market Foreign-exchange reserves Hard currency International economics Macroeconomics Money Person Career Person Location Quotation Thomson Reuters Tue, 08 Jan 2013 13:45:18 +0000 Thomson Reuters 5731474 at http://www.globalpost.com CORRECTED-UPDATE 2-Swedish c.bank minutes raise chance of another rate cut http://www.globalpost.com/dispatch/news/thomson-reuters/130108/corrected-update-2-swedish-cbank-minutes-raise-chance-another-r <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>(Corrects name of af Jochnick in para 17)</p> <p>* Deputy govs Jansson and Wickman-Parak considered bigger<br /> cut</p> <p>* Analysts say minutes dovish, raise chance of another rate<br /> cut</p> <p>By Simon Johnson</p> <p>STOCKHOLM, Jan 8 (Reuters) - Sweden's central bank<br /> considered a bigger rate cut last month before deciding on a<br /> quarter point reduction, the minutes of its meeting showed,<br /> bolstering market expectations it will ease policy again by<br /> April at the latest.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/corrected-update-2-swedish-cbank-minutes-raise-chance-another-r" target="_blank">read more</a></p> Central bank Economics Economy of Sweden Government of Sweden Interest rates Macroeconomics Monetary policy Official bank rate Person Career Quotation Recessions Sveriges Riksbank Sweden Swedish krona Technology Thomson Reuters Tue, 08 Jan 2013 14:09:18 +0000 Thomson Reuters 5731593 at http://www.globalpost.com UPDATE 5-UK prepares new law to break up errant banks http://www.globalpost.com/dispatch/news/thomson-reuters/130204/update-1-uk-sets-out-new-law-break-errant-banks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* New laws will make banks ring-fence retail operations</p> <p>* Break-up threat in place if banks try to flout new laws</p> <p>* Government would make final decision over break-ups</p> <p>* Berlin considering jail for reckless bankers</p> <p>* Will stick to Basel III rules on leverage ratios</p> <p>By Laura Noonan and Matt Scuffham</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130204/update-1-uk-sets-out-new-law-break-errant-banks" target="_blank">read more</a></p> Bank Central bank Early Modern Scotland Economy of the United Kingdom George Osborne Politics Royal Bank of Scotland Group The Royal Bank of Scotland United Kingdom Thomson Reuters Mon, 04 Feb 2013 11:31:07 +0000 Thomson Reuters 5745182 at http://www.globalpost.com China banks ramp up lending in January http://www.globalpost.com/dispatch/news/afp/130208/china-banks-ramp-lending-january <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chinese banks more than doubled their lending in January from December, official data showed Friday, as the government seeks to boost economic growth after it fell to a 13-year low last year.</p> <p>Chinese banks granted 1.07 trillion yuan ($171.5 billion) worth of new loans last month, compared with 454.3 billion yuan in December, the People's Bank of China said in a statement.</p> <p>The figure beat market expectations for 1.0 trillion yuan, according to a median forecast of 16 economists surveyed by Dow Jones Newswires.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/china-banks-ramp-lending-january" target="_blank">read more</a></p> Bank of America Central bank Economics AFP Fri, 08 Feb 2013 10:46:12 +0000 Agence France-Presse 5749867 at http://www.globalpost.com Britain's business minister urges rethink of lending scheme http://www.globalpost.com/dispatch/news/thomson-reuters/130216/britains-business-minister-urges-rethink-lending-scheme <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Says scheme needs adapting to boost lending to firms</p> <p>* Has written to Bank of England seeking discussions</p> <p>* Bank of England needs to be "more open-minded"</p> <p>By William Schomberg</p> <p>COVENTRY, England, Feb 16 (Reuters) - Britain's business minister called on the Bank of England on Saturday to consider new ways to unblock the flow of credit to small companies in order to help the country's sluggish economy.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130216/britains-business-minister-urges-rethink-lending-scheme" target="_blank">read more</a></p> Central bank Politics of the United Kingdom Vince Cable Thomson Reuters Sat, 16 Feb 2013 13:45:28 +0000 Thomson Reuters 5757483 at http://www.globalpost.com UPDATE 2-Russia says central bank independence not at risk http://www.globalpost.com/dispatch/news/thomson-reuters/130226/update-1-russian-government-said-be-eyeing-seats-central-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>MOSCOW, Feb 26 (Reuters) - The Russian government said on Tuesday it was seeking greater representation on the central bank's board under reforms to unify financial market oversight, but said it posed no threat to the bank's independence.</p> <p>Speaking to Reuters after reports that the government was seeking extra seats at the central bank, Deputy Finance Minister Alexei Moiseev said:</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/update-1-russian-government-said-be-eyeing-seats-central-bank" target="_blank">read more</a></p> bank Central bank Central Bank of Russia Central Bank of the Republic of Turkey Economy of Russia Government of Russia Thomson Reuters Tue, 26 Feb 2013 10:01:15 +0000 Thomson Reuters 5766748 at http://www.globalpost.com URGENT ¥¥¥ Canada's central bank holds key lending rate at 1% http://www.globalpost.com/dispatch/news/afp/130306/urgent-canadas-central-bank-holds-key-lending-rate-at-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canada's central bank held its key lending rate at one percent on Wednesday, citing "continued slack" in the Canadian economy and a "muted outlook" for inflation.</p> <p>The Bank of Canada forecast economic growth will pick up through 2013, supported by modest consumer spending combined with more business investment and a recovery in exports.</p> <p>amc/dc</p> Business Central bank AFP Wed, 06 Mar 2013 15:31:12 +0000 Agence France-Presse 5775084 at http://www.globalpost.com URGENT ¥¥¥ Bank of England leaves interest rate, stimulus on hold http://www.globalpost.com/dispatch/news/afp/130307/urgent-bank-england-leaves-interest-rate-stimulus-hold <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of England on Thursday voted to hold its main interest rate at a record-low 0.50 percent, where it has stood for four years, and opted against boosting its cash stimulus programme.</p> <p>"The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent," the BoE said in a statement. </p> <p>"The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion" ($589 billion, 434 billion euros). </p> <p>bcp/rfj/wai</p> Bank of England Central bank AFP Thu, 07 Mar 2013 12:30:55 +0000 Agence France-Presse 5776017 at http://www.globalpost.com Dollar falls against the yen; bond yields decline http://www.globalpost.com/dispatch/news/thomson-reuters/130313/global-shares-slip-after-seven-day-run-yen-gains-us-dollar <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Leah Schnurr</p> <p>NEW YORK (Reuters) - The U.S. dollar tumbled against the yen on Friday after the Bank of Japan left its monetary policy unchanged, while benchmark U.S. bond yields fell to near 4-1/2-month lows after the U.S. economy grew less than expected in the first quarter.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130313/global-shares-slip-after-seven-day-run-yen-gains-us-dollar" target="_blank">read more</a></p> Asia Bond Business Central bank Commodities market Currency Deflation Divided regions Dow Jones & Company Dow Jones Industrial Average Economic consequences of the 2006 Thai coup d'état Economic history Economic indicators Economics Economy of Asia Economy of Europe Economy of Japan Economy of the European Union Economy of the People's Republic of China Economy of the United States Environment Euro Europe European Central Bank European Union Finance Financial economics Financial regulation Foreign exchange market Futures contract Government debt Health Human Interest Inflation International trade Investment Japan Japanese yen Labor Late-2000s financial crisis Late-2000s recession in Europe Law Macroeconomics Matter Mizuho Securities Money Nicosia Nikkei 225 Numismatics Petroleum Political geography Politics Pound sterling Price of petroleum Procurement Recessions Short Social Issues Soft matter Stock market Stock market crashes Technology Terminology War Thomson Reuters Wed, 13 Mar 2013 15:45:36 +0000 Thomson Reuters 5782309 at http://www.globalpost.com key rate-March http://www.globalpost.com/dispatch/news/yonhap-news-agency/130313/key-rate-march-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kim Soo-yeon</p> <p>SEOUL, March 14 (Yonhap) -- South Korea's central bank froze the key interest rate for the fifth straight month on Thursday, apparently awaiting what measures the new government will take to stimulate the slowing economy.</p> <p>As widely anticipated, Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers held the benchmark seven-day repo rate steady at 2.75 percent for March. The central bank cut the rate in July and October 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130313/key-rate-march-0" target="_blank">read more</a></p> Bank of Korea Central bank Monetary policy Yonhap News Agency Thu, 14 Mar 2013 02:46:07 +0000 Yonhap News Agency 5782917 at http://www.globalpost.com Australia adds most jobs in almost 13 years http://www.globalpost.com/dispatch/news/afp/130314/australia-adds-most-jobs-almost-13-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Australian monthly jobs growth hit a near 13-year high in February, an "extraordinary" result that helped keep the unemployment rate steady and eased pressure on the central bank to cut rates.</p> <p>The Australian Bureau of Statistics said 71,500 jobs were created last month, smashing forecasts for a rise of 10,000 and the biggest jump since July 2000.</p> <p>UBS economist George Tharenou said: "It is clearly a strong result and shows that employment growth is tracking much faster than some people had been expecting."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130314/australia-adds-most-jobs-almost-13-years" target="_blank">read more</a></p> Central bank Economics Labor Unemployment AFP Thu, 14 Mar 2013 06:15:33 +0000 Agence France-Presse 5783019 at http://www.globalpost.com key rate-March http://www.globalpost.com/dispatch/news/yonhap-news-agency/130314/key-rate-march-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kim Soo-yeon</p> <p>SEOUL, March 14 (Yonhap) -- South Korea's central bank froze the key interest rate for the fifth straight month on Thursday as the new government is poised to take measures to stimulate the slowing economy.</p> <p>In a split decision, Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers held the benchmark seven-day repo rate steady at 2.75 percent for March. The central bank cut the rate in July and October 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130314/key-rate-march-0" target="_blank">read more</a></p> Bank of Korea Central bank Recessions Yonhap News Agency Thu, 14 Mar 2013 06:45:54 +0000 Yonhap News Agency 5783045 at http://www.globalpost.com Bank supervisor could move outside ECB eventually-Knot http://www.globalpost.com/dispatch/news/thomson-reuters/130319/bank-supervisor-could-move-outside-ecb-eventually-knot <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT (Reuters) - European Central Bank policymaker Klaas Knot said on Tuesday he could imagine Europe's new banking supervisor eventually being moved outside the ECB.</p> <p>The Single Supervisory Mechanism (SSM), which marks the first pillar of the banking union that aims at closer financial integration in Europe, will be set up under the roof of the ECB and is due to start in March next year.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/bank-supervisor-could-move-outside-ecb-eventually-knot" target="_blank">read more</a></p> Central bank European Central Bank European Central Bank Thomson Reuters Tue, 19 Mar 2013 12:00:32 +0000 Thomson Reuters 5787657 at http://www.globalpost.com lending rates-class action suit http://www.globalpost.com/dispatch/news/yonhap-news-agency/130320/lending-rates-class-action-suit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 20 (Yonhap) -- A South Korean consumer advocacy group said Wednesday it plans to lodge a class action suit against local banks over their practice of imposing unduly high spreads on lending rates.</p> <p>The Financial Consumer Agency said it will seek to accept cases of financial damage caused by banks' higher lending rates and to file a class action suit as local banks unduly charged higher spreads on lending.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130320/lending-rates-class-action-suit" target="_blank">read more</a></p> Bank Central bank Financial institutions Yonhap News Agency Wed, 20 Mar 2013 07:00:42 +0000 Yonhap News Agency 5788450 at http://www.globalpost.com