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IN general, economists have made considerable progress in understanding the role of central banks in addressing inflation.
LONDON: Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone.
WITH all the attention being devoted to the policy intentions and actions of President Donald Trump, there has been a lot less focus on this week’s four meetings at systemically important central banks – the Bank of England, the Bank of Japan, the Federal Reserve and the European Central Bank (though that meeting doesn't involve monetary policy).
WASHINGTON: Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday.
NEW YORK: The world’s central banks are infecting each other.
KUALA LUMPUR: The central banks of Indonesia, Malaysia, the Philippines and Thailand had on Friday signed letters of intent to promote a local currency settlement framework.
NEW YORK: Stocks rose on Tuesday, with the Dow closing at yet another record high, in the wake of Wall Street's first three-day losing streak of the year, after central banks reassured investors that they will keep policies designed to foster global growth.
NEW YORK, Aug 1 (Reuters) - Shares, the dollar and crude oil all rallied sharply on Thursday, with the benchmark S&P 500 stock index closing above 1,700 for the first time, as central banks in the euro zone and Britain joined the Federal Reserve in keeping easy monetary policies intact.
LONDON: Britain orchestrated this week's bold move by central banks to stave off a cash crunch in global markets, helping drive a plan that began to take shape around 10 days ago.
SINGAPORE/JAKARTA: Southeast Asian central banks are in talks to overhaul the way reference rates for offshore currency derivatives are set following investigations by banks in Singapore that found traders in the city-state tried to manipulate the market, the president of Indonesia's foreign exchange industry group said.