Candidate Chang-yong Lee, governor of the Bank of Korea. source = news “If I become the governor of the Bank of Korea, I will definitely work with the Financial Services Commission and the Financial Supervisory Service to resolve mid-to-long term household debt. The Bank of Korea must give a clear signal and play a role … Read more
Original title: LPR flat in March, monetary policy stable and neutral March LPR (Loan Market Quote Rate) was announced as scheduled. On March 21, the People’s Bank of China authorized the National Interbank Funding Center to announce, March 21, 2022 LPR): 3.7% for 1-year term, 4.6% for 5-year term or more, both terms remain the … Read more
Jerome Powell High inflation in the US is putting pressure on the Fed chair to raise interest rates. (Photo: dpa) Düsseldorf The price level in the USA continues to rise rapidly. In February, consumer prices (CPI) rose by 7.9 percent compared to the same month last year – the strongest increase since 1982, the US … Read more
EZB The headquarters of the European Central Bank (ECB) in Frankfurt. (Photo: dpa) Frankfurt, Dusseldorf The European Central Bank (ECB) wants to throttle its bond purchases faster than planned. They will fall to 20 billion euros a month by June, the central bank said in a statement on Thursday. Originally, this level should not be … Read more
Continue its ultra-accommodating monetary policy, at the risk of fueling inflation, or close the credit tap, at the risk of dynamiting growth? The problem was already not simple before the invasion of Ukraine by Russia, it is turning into a headache for the European Central Bank (ECB), which meets this Thursday, March 10 in Frankfurt. … Read more
Frankfurt Even the war in Ukraine will probably not avert the forthcoming turnaround in interest rates: For the first time in decades, the major central banks are planning an abrupt change in monetary policy. The British central bank has recently raised interest rates twice in a row, and the US Federal Reserve will follow suit … Read more
Jerome Powell The key interest rate is currently in the extremely low range of 0.0 to 0.25 percent. (Photo: AP) Washington Despite the unforeseeable consequences of the Ukraine war, the US Federal Reserve will in all likelihood initiate the interest rate turnaround this month. “We expect it will be appropriate to raise the target range … Read more
Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more