Bank of France Governor Attacks 'Dangerous' Italian Plans for Covid Debt Cancellation
The move comes after Italian Prime Minister Giuseppe Conte's economic adviser Riccardo Fraccaro said on 26 November that European Central Bank monetary policy should support the eurozone by "cancelling sovereign bonds bought during the pandemic or perpetually extending their maturity."
Deputy Governor of China's Central Bank Says Coronavirus Impact on Economy 'Short-Term and Limited'
Since the outbreak of new coronavirus was registered in the Chinese city of Wuhan last December, fears have spread over its potential impact not only on China's economy but on the global economic situation as a whole.
Plenty of Oil! Limited Bitcoin!
On today's episode of Double Down, Max Keiser and Stacy Herbert talk to Alena Vranova, co-author of THE LITTLE BITCOIN BOOK.
"Panglossian" or "Floccinaucinihilipilification" is the State of Indian Economy
New Delhi (Sputnik): Deciphering the meaning of a word uttered by the head of India's central bank and an equally satirical response from a member of the bank's monetary policy committee became a mind-boggling exercise for some this week.
Bank of Japan Mulls Downgrading GDP Outlook, Gov't May Delay Sales Tax Hike
Japanese central bankers are debating a possible downgrade in the Bank of Japan's (BOJ) economic outlook amid weak exports, sluggish domestic consumption, and rising international risks.
Brexit, Trade War, Oil Prices: Not Good News for the Global Economy - Scholar
Asian stocks fell to 20-month lows and China's yuan weakened on Friday following a US stock market decline on Thursday - the largest since 2011. Japan's Nikkei index slipped 0.4 percent, while Hong Kong's Hang Seng index lost nearly one percent.
Trump: 'No Plans' to Fire Fed Chair Powell Despite Disappointing Monetary Policy
WASHINGTON (Sputnik) - US President Donald Trump told reporters on Thursday he is not going to terminate Federal Reserve Chairman Jerome Powell but he is disappointed in his policy moves.
Iran to Ease Currency Exchange Regulations Ahead of US Sanctions
The new rules will allow exchange offices to buy and sell hard currencies, among other assets.
European Central Bank to Wrap Up Easy Money Policies by Year-end
The European Central Bank (ECB) is expected to stop buying corporate bonds and pumping money into the bloc's economy by the end of this year. However, a combination of political, geostrategic, and trade risks could derail the ECB's effort.
'The Eurozone Fails': German Party Criticizes ECB's 'Politicized' Monetary Policy
The eurozone and the European Central Bank's (ECB) monetary policy have increasingly come under fire in recent months, particularly by rising populist, Eurosceptic groups, which consider the current interest rates and other areas of monetary policy to be unsuitable and limiting the on the performance of many EU member states' economies.
ECB Turns to US Fed for Clues on Policy Normalization
European Central Bank (ECB) policymakers are scrutinizing the US experience of monetary tightening over the past two-and-a-half years, as the ECB seeks to minimize the risks of policy change to the Eurozone economy.
UK Gov't Weighs Policy Response as IMF Calls for More Efficiency in Economy
British monetary and fiscal authorities propose policy changes after the International Monetary Fund urged reforms aimed at ensuring a higher economic efficiency as a way to stave off the Brexit-related risks.
US Federal Reserve Keeps Interest Rate Unchanged
WASHINGTON (Sputnik) - The US benchmark interest rate will remain in the range of 1.25 to 1.5 percent, the Federal Open Market Committee (FOMC) said in a statement on Wednesday.
San Francisco's Williams Being Eyed for No. 2 Spot at Federal Reserve by Trump
Prominent economist and San Francisco Fed President John Williams might become Fed Vice Chair next month, which could suggest a pivot to a more hawkish policy at the Federal Reserve.
Federal Reserve to Deregulate Banking Sector
The Fed chief of supervision says existing banking sector regulations are too tough and standardized, and could be relaxed and customized to promote commercial bank lending, investment, and stock market trading.
Eurozone Must Not Ignore Need for Reform
After a tumultuous year, politics seem to be stabilizing across Europe. Now the question is how the EU and, in particular, the eurozone, will move forward. There are three possibilities.
New Zealand Economy Braces for Trump-Style Reform Postelection
New Zealand's sluggish economy requires supply-side reform, which is becoming increasingly likely in the light of the electoral victory of the National Party and its prospect coalition with the right-wing populist NZ First.
Report: Low Inflation, High Indebtedness Plague the Global Economy
The Bank of International Settlements (BIS) says higher interest rates and measures aimed at driving inflation are crucial in the modern-day 'zombie' economies, mortified by the ultra-low interest rates and excessive borrowing characteristic of the past decade.
In Gold We Trust: How the 'Entire Western Monetary System is a Fraud'
The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the "de-dollarization" of their economies, according to economist Peter Koenig.
China to Keep Tight Monetary Policy in 2017, Looks to Tackle Oversupply
China's Central Bank head said Beijing would pursue a tight monetary policy in 2017, and urged the finance sector to facilitate the reduction of the country's excessive production capacity to tackle oversupply in key industries.
19:45 GMT 'Fir Tree of Wishes': Putin Grants Child's Wish to Learn to Ski
19:11 GMT Xi Jinping Urges Starbucks' Ex-CEO to Help Improve US-China Ties