Tag Archive for S Central

Counterparties: Central banks warn about central banks | Felix Salmon

The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…

Debt crisis: Bailed-out Spain pleads for aid from European Central Bank – Telegraph

By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…

Tens of thousands defy raids to march against Putin – Full story

Tens of thousands defy raids to march against Putin (via AFP) Tens of thousands of protesters chanting “Russia Will be Free” rallied in Moscow on Tuesday against President Vladimir Putin’s third term despite a police crackdown on their leaders a day earlier. Flag-waving crowds made their way down leafy boulevards from Moscow’s central Pushkin Square…

Bank of England Maintains Interest Rate and Stimulus Program – NYTimes.com

LONDON — The Bank of England decided Thursday to keep its benchmark interest rate unchanged at a record low as the British economy struggles to recover amid the government’s austerity program and troubles in the euro zone. Britain’s central bank kept its main interest rate at 0.5 percent, where it has been since the beginning…

Fed’s Lockhart: More Economic Weakness May Call for Fresh Action – WSJ

With the U.S. economic recovery threatened by an array of negative developments, the Federal Reserve may need to add additional stimulus to the economy, a key U.S. central bank official said Wednesday. “Should it become clear that something resembling my baseline scenario of continued, though modest, growth is no longer realistic, further monetary actions to…

Carney-mania in full swing in Canada – MarketWatch

PORT TOWNSEND, Wash. (MarketWatch) — Imagine Ben Bernanke being described as a “fiscal and economic rock star.” Or envision a major U.S. financial publication touting Bernanke as a possible Presidential — or, in this case, Prime Ministerial — candidate. That’s exactly what’s been happening in Canada the past few months, the country’s central banker, Mark…