Central Bank News in Picasso style. By Bing AI.
Here are some of the latest headlines and developments from around the world Wednesday, Dec. 6, 2023:
Global:
- Fed Chair Powell calls talk of cutting rates "premature": Despite recent signs of slowing inflation, Powell emphasized the need to maintain current policy to ensure long-term price stability. (Source: CNBC, Dec 1st)
- Central banks responsible for climate-resilient financial system: Ravi Menon, managing director of the Monetary Authority of Singapore, highlighted the crucial role of central banks in mitigating climate risks and building a sustainable financial system. (Source: CNBC, Dec 4th)
- Markets see gold regaining favor as investors anticipate rate cuts: Goldman Sachs analysts believe the precious metal could experience renewed interest as central banks potentially shift towards looser monetary policy. (Source: CNBC, Nov 27th)
Regional:
- Vietnam orders central bank probe over slow loan growth: Vietnamese authorities are investigating the State Bank of Vietnam for failing to meet the government's annual credit growth target. (Source: Bloomberg, Dec 6th)
- Sweden's Riksbank governor calls on property companies to reduce debt: Stefan Ingves expressed concern about rising debt levels in the Swedish real estate sector and urged companies to take steps to improve their financial stability. (Source: Central Banking, Dec 5th)
- BCRA ex-governor Caputo appointed Argentina's economy minister: Sergio Massa takes over the economic portfolio as the country grapples with high inflation and currency instability. (Source: Central Banking, Dec 1st)
Other:
- Bank of England needs reform, damning report finds: UK lawmakers concluded that the BoE lacks accountability and transparency, and they called for significant reforms to its governance structure. (Source: CNBC, Nov 27th)
- European Central Bank to cut rates in Q3 2024: Economist Julian Callow of Barclays expects the ECB to start lowering interest rates next year as inflation pressures ease. (Source: CNBC, Nov 22nd)
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