Central Banks

Dollar scales record levels at 3-year peak; global rampage spurs FX interventions, speculation of big G7 move

The dollar’s brutal ascent—up 6.5 percent this month against a basket of peers—has sent almost every other currency reeling.

Could climate change be responsible for the next financial crisis? Yes, says a new report

Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.

Going negative? As US-China trade war rages, central banks ponder radical steps to shield economies

The US-China tariff war has hurt global supply chains and manufacturing activity, slowing growth in export-reliant Asian economies

Gold hovers near five-week lows as firm dollar, optimism over likely US-China trade deal dent appeal

Spot gold was up 0.2 percent to $1,288.46 per ounce, after slipping to $1,282.50 in the previous session, its lowest since 25 January.

Paul Krugman warns of global recession by year-end, says absence of effective response during slowdown main concern

Speaking at the World Government Summit in Dubai, Paul Krugman said it was unlikely that just "one big thing" would prompt an economic downturn.

RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit Patel

Gurumurthy’s recent comments had challenged the central bank on multiple issues and some of his economic theories had surprised many.

Bangladesh heist pulls Central Banks to ask regulator banks to tighten SWIFT security

The world's biggest central banks have told regulators that banks must tighten security around their SWIFT messaging systems following the theft of $81 million from Bangladesh's central bank in February.

Bangladesh cyber heist pushes Global Central banks to set global standards for cyber security

The world's major central banks, stung by this year's $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.

Wrong to say central banks always have a bazooka left up their sleeves, says Rajan

autioning against expecting too much from central banks, RBI Governor Raghuram Rajan has said it is wrong on their part also to always claim a 'bazooka' left up their sleeves, even as he asserted that life is "very difficult" in emerging markets.

No losses as Indonesia and S.Korea c.bank websites hit by cyber attacks

The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters.