Emerging market central banks revisited interest rate cuts in December, extending an easing cycle that started in 2019 and had exceeded the cuts during the 2008 financial crisis and the 2010 euro crisis. Central banks across a group of 37 developing economies delivered one net interest rate cut in December after two net interest rate cuts in November and no change in October.
* Ring-fenced units excluded from 2021 test. * Virgin Money UK to participate in test. * Aggregate results published in the summer. * Bank-by-bank results due in fourth quarter. By Huw Jones.
The Bank of England said on Wednesday the aim of its banking stress test this year is to check if lenders can continue helping the economy during the pandemic and allow the return to more normal levels of dividends for shareholders.
U.S. Treasury yields fell
slightly on Tuesday after U.S. Treasury secretary nominee Janet
Yellen said during Senate confirmation testimony that tax cuts
enacted in 2017 for large corporations should ...
Federal Reserve Bank of Boston President Eric Rosengren said on Friday he welcomes President-elect Joe Biden's proposed $1.9 trillion stimulus package as "big" but "appropriate," and signaled the Fed has no inclination to dial back from its own super-easy monetary policy.
Japanese government bond prices gained on Wednesday after strong demand for 10-year U.S. Treasury notes helped reverse the bearish mood sparked by the Senate runoffs last week.
Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800% since mid-March. The world's most popular cryptocurrency crossed $20,000 for the first time ever on Dec. 16.
Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800% since mid-March. The world's most popular cryptocurrency crossed $20,000 for the first time ever on Dec. 16.
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