Tag: Central

Markets lifted as central banks, governments pour in cash

LONDON (Reuters) – Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic. Shares soared at the start of trading in Europe, with the pan-European STOXX 600 index jumping…

Central bank group to assess potential cases for central bank digital currencies

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions. The…

JPMorgan backs loonie versus yen amid Central Bank triple crown

A trio of central bank policy decisions in the days ahead has JPMorgan Chase & Co. bracing for Canadian dollar gains versus the yen. Consensus expectations are for the Federal Reserve to cut rates this week, and for the Bank of Canada and Bank of Japan to hold steady. JPMorgan economist Hiroshi Ugai, however, said…

How climate change is scaring central banks

Bank of England governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m afraid,” Carney began his remarks on the night of Sept. 29, 2015, at Lloyd’s of London.…