The U.S. central bank faces no imminent pressure to stop the contraction of its holdings of Treasury bonds and mortgage-backed securities, data released by the New York Federal Reserve suggested on Thursday.
The former Bank of England boss, Mark Carney, is now running for the Liberal leadership in his native Canada. What does his time in London tell us? Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013.
Russia's central bank hiked rates to 21% late last year in a bid to cool soaring inflation.
Egypt's current account deficit more than doubled to $5.9 billion in July-September 2024, compared with $2.8 billion in the year-ago quarter, as Suez Canal revenues remain depressed, the central bank said on Thursday.
The Russian central bank has sought to dismiss rumours about a possible freezing of retail deposits, which have seen explosive growth in recent months due to rising interest rates aligned with the regulator's benchmark rate.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency
Bessent said that he sees no reason for the U.S. to have a central bank digital currency. "In my mind, a central bank digital currency is for countries who have no other investment alternatives," Bessent said.
Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. Click to read.
China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared. Bullion held by the People’s Bank of China rose to 73.29 million fine troy ounces ...
Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.