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The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
BI focusing on property, automotive sectors to stoke economic revival 5 hours ago Illustration: A multi-storey building under construction in Jakarta. The central bank has said it is directing efforts towards encouraging credit flow to property and automotive sectors, and they are beginning to yield positive results. (ANTARA PHOTO / WAHYU PUTRO A / ss / nz) Our survey shows that there are those who are 100 percent brave, but for credible developers, some are still 90-95 percent. But, we have opened up to 100 percent Jakarta (ANTARA) - Bank Indonesia (BI) has said it is using several ma...
Reserve Bank governor Philip Lowe warns on house price boom Posted TueTuesday 9 updated WedWednesday 10 MarMarch 2021 at 12:36am RBA governor Philip Lowe says the board is keeping a close eye on the booming housing market. ( Share Print text only Cancel The Reserve Bank has issued its bluntest warning yet about the dangers of the latest house price boom, and the possibility regulators may step in to deflate it. Key points: RBA governor Philip Lowe admitted low interest rates are driving up house prices, but said the bank will not adjust its policy based on the housing market Mr Lowe said the...
Source: IMF in French Negative interest rate policies: the data is there Luis Brandao-Marques and Gaston Gelos March 3, 2021 Interest rates are low, and the phrase “lower for longer” has somehow become a buzzword among policymakers, regulators and other market watchers. In contrast, negative interest rates raise entirely new questions. After eight years of negative interest rate policies, the initial skepticism (paying interest to borrowers rather than savers was admittedly unprecedented) has turned out to be unwelcome. According to the data available to date, negative interest rate polic...
Central Banking Ernest Addison Print this page The Bank of Ghana’s governor says there is a need to design a medium-term macroeconomic framework to help the country’s economy recover from the impact of Covid-19. Ernest Addison said public debt levels had risen due to a fiscal expansion to contain the impact of the pandemic. “There is the need to design a plan to bring down the debt to sustainable levels to contain risks posed to future financing of the budget, exchange rate stability and financial sector stability,” he said. According to Only users who have a paid subsc...