He said issues such as climate change and employment are peripheral to the central bank mandate and could be better dealt with direct polices.
Global central banks are hiking interest rates to bring down inflation. Should you buy on dips or sell on a rally? Find out what UR Bhat of Alphaniti Fintech says to Business Standard's Puneet Wadhwa
Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them last month.
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
The FX Global Code, developed under Bank for International Settlements, Basel, compiles the practices formulated by central banks worldwide
Signals central bank's comfort with yields
The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week
Figures released by the Australian Bureau of Statistics (ABS) last week showed inflation had reached a two-decade high of 5.1 per cent in the last 12 months.
The ongoing war in Ukraine, hawkish global central banks, elevated crude oil prices, higher inflation and bond yields will be among the drivers impacting performance of markets in this financial year
Many key economies have raised rates significantly in recent times, with Russia increasing them by a staggering 20%
Markets rebounded last week, buoyed by a rally in global equities and a dip in commodity prices. This week, investors will track global macros as the UK is slated to release its retail inflation data
As long as the Russia-Ukraine heat continues, commodities will be the dominating theme versus the consumption theme said B Gopkumar, MD and CEO at Axis Securities.
The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been into doubt by Russia's invasion of Ukraine.
Rates are rising because policy makers judge that the global inflation shock now poses a bigger threat than further damage to growth from Covid-19
There will be more "proactive" use of monetary policy tools, the People's Bank of China said in a statement on Saturday
Britain hiked the interest rates last week. The US Fed and European Central Bank also signalled plans to rein in stimulus. Yet, emerging market equities may come under pressure over the next few month
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After a turbulent week, the dollar index was little changed on the day
A surge in wages and benefits got his attention. Other data soon confirmed his concern
BoE 1st major central bank to raise rates since pandemic. ECB cuts stimulus; BoJ set for decision on friday