Fed officials express skepticism about a U.S. central bank digital currency
Two Federal Reserve officials on Monday expressed strong skepticism about the need for the central bank to issue a digital currency, saying that many dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.
The great exit: central banks line up to dial back emergency stimulus
The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway’s central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus.
BOJ may start debate on stimulus retreat in 2023, former c.banker says
The Bank of Japan may be able to start debating ways to phase out its extraordinary stimulus programme, such as by ditching negative interest rates, in 2023, said former central bank executive Eiji Maeda.
Taiwan c.bank seen standing pat on rates again as economy booms
Taiwan’s central bank will likely keep its policy rate steady at a record low this week as the economy booms on global tech demand fuelled by the work-from-home trend, despite a spike in COVID-19 cases at home, a Reuters poll showed.
Analysis: As Fed taper looms, global central banks eye their own exits from stimulus
Haunted by memories of past U.S. interest rate hikes, the world’s central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
China c.bank chief says inflation under control, vows ‘normal’ monetary policy
China’s central bank governor said inflation is “basically under control”, and monetary policy would be kept steady, in comments a day after concerns over inflationary pressures were fanned by data showing the fastest rise in factory-gate prices in 12 years.
