TAG: Liquidity
A quiet revolution rocks central banking
There’s a quiet revolution happening at the heart of central banking. On the surface, the inconspicu...
8 months ago
Look away: The ECB is about to change its rules of engagement
ECB policymakers will meet on Wednesday outside of the framework of their usual monetary policy meetings to decide the technical details about how the central bank should operate in the post-QE era.All the signalling from the ECB suggests they don’t want...
6 months ago
End of an era as Swiss central banker Jordan steps down early
Thomas Jordan is to leave his post at the head of the Swiss National Bank after 12 years, ending an era in which Swiss monetary policy was the subject of something approaching awe around the globe. “Having met the various challenges of recent years, now...
6 months ago
Italian banks brace for an uncertain future after a bumper year
One of Europe’s most anxiously watched financial centers is about to find out that what goes up must come down.Italy’s banks have had a bumper run, returning to rude health a decade after nearly collapsing under a mountain of debt and almost bringing the...
6 months ago
ECB slides to €1.3B net loss in 2023
FRANKFURT — The European Central Bank (ECB) made a net loss of €1.3 billion last year, as a soaring interest bill on all the excess liquidity in the financial system dwarfed the revenue from its stockpile of bonds. The bank was left with a loss despite re...
6 months ago
Once humiliated by inflation, the ECB is now saying it was right all along
It’s become a cliché to say the painful surge in inflation that started in 2021 was primarily caused by the European Central Bank’s sluggish response to rising prices. But inflation is now slowing decisively — and the guardians of the euro are seizing the...
6 months ago
Tory MPs urge Hunt: Break the Bank of England’s QT doom loop
LONDON — Conservative MPs are urging the British government to end a system which puts taxpayers on the hook for losses incurred by the Bank of England as it unwinds a decade of massive money-printing.In a report to be published Monday, the MPs will urge...
4 months ago