Page 5 - Central Banks
Gold prices in check as major central banks rev up policy tightening
The Federal Reserve is on track for half-point interest rate increases in June and July, and last week's solid jobs report boosted expectations of continued tightening by the US central bank.
 "Gold prices in check as major central banks rev up policy tightening")
RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME
Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.
 "RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME")
A coming crypto storm for central banks? Focus on digital money intensifies
Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward
 "A coming crypto storm for central banks? Focus on digital money intensifies")
Bitcoin back below $30,000; European regulators warn about crypto risks
Bank of France Governor Francois Villeroy says crypto assets could disrupt the international financial system.
 "Bitcoin back below $30,000; European regulators warn about crypto risks")
Blame Ukraine conflict, not central banks
The origins of the inflation shock the world is experiencing are primarily political, not economic or monetary
 "Blame Ukraine conflict, not central banks")
Exporters optimistic despite global slowdown prospects
They expect better market access in countries with whom new free trade agreements have been negotiated recently
RBI falls in line with global central banks
Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or staggered over the next two meetings?
 "RBI falls in line with global central banks")
US dollar's dominance is being stealthily eroded, says IMF report
Reserve managers have moved out of dollars in two directions, with one quarter headed into the renminbi and three quarters into currencies of smaller countries
 "US dollar's dominance is being stealthily eroded, says IMF report")
Economic Survey: External sector resilient to Fed moves to combat inflation
Survey says salient external sector sustainability indicators are strong and much better than what they were during the global financial crisis or taper episode of 2013
 "Economic Survey: External sector resilient to Fed moves to combat inflation")
US Fed officials nod to March rate hike as inflation drumbeat grows louder
The central bank in December announced plans to buy its last tranche of government securities in February, sooner than it had projected just a month earlier.
 "US Fed officials nod to March rate hike as inflation drumbeat grows louder")
India seen breaking ranks with peers on unwinding easy monetary policy
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
 "India seen breaking ranks with peers on unwinding easy monetary policy")
Dollar jumps as traders retreat amid rate-hike talk, Omicron fear
The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases
Bank of Japan scales back emergency funding as pandemic strains ease
In a widely expected move, the BOJ on Friday maintained its short-term rate target at -0.1% and that for 10-year bond yields around 0%.
 "Bank of Japan scales back emergency funding as pandemic strains ease")
Inflation is the biggest test yet for independence of central banks
Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains
 "Inflation is the biggest test yet for independence of central banks")
Market wrap: Benchmarks end lower for a second day; Sensex slips 166 pts
NBFCs to come under the ambit of PCA framework from Oct 2022; Anand Rathi Wealth debuts at 9% premium; WPI-based inflation hits 12-year high of 14.2% in Nov
 "Market wrap: Benchmarks end lower for a second day; Sensex slips 166 pts")
In year-end meetings, top central banks may diverge over inflation, Omicron
Major central banks meet this week to assess risks from the new Omicron variant of the coronavirus even as they consider reducing emergency measures put in place nearly two years ago.
 "In year-end meetings, top central banks may diverge over inflation, Omicron")
Australia, NZ dollars struggle to break resistance in bumper Cen bank week
The Aussie was 0.1% lower at $0.7166, unable to break its resistance at $0.7187, below which the currency has traded since Nov. 26. Immediate support lies around $0.713.
 "Australia, NZ dollars struggle to break resistance in bumper Cen bank week")
IMF chief economist sees inflationary pressures, risks from Omicron
Gita Gopinath says a more transmissible SARS-CoV-2 variant such as Omicron could cost the global economy a further $5.3 trn, in addition to the current projected loss of $12.5 trn
 "IMF chief economist sees inflationary pressures, risks from Omicron")
Why Lanka wants migrant workers to remit funds via banking channels
The governor of Central Bank of Sri Lanka said he has seen a $300 million drop in remittances in just the last month
 "Why Lanka wants migrant workers to remit funds via banking channels")
China's central bank frees up $188 billion as Evergrande default fears rise
The People's Bank of China (PBOC) said it would cut the amount of cash that banks must hold in reserve
 "China's central bank frees up $188 billion as Evergrande default fears rise")
