The ECB is trying to keep the borrowing costs of eurozone governments in check, but officials noted that some have crept up since mid-March
China broke with more than a quarter-century of tradition by not issuing an economic growth target for 2020, a stark acknowledgment of the challenges facing the world’s second-largest economy as it grapples with uncertainties around the coronavirus pandemic.
The U.S. has a lot of leverage to fix the flaws in the existing system. But it would be unwise throw out what already works, writes Barron’s economics commentator Matthew C. Klein.
Deposit interest rates are monitored by the regulator in Sberbank, Sovcombank, VTB, Raiffeisenbank, Gazprombank, Credit Bank of Moscow, Alfa-Bank, Bank FC Otkritie, Promsvyazbank, and the Russian Agricultural Bank.
The financial counsellor of the IMF said that banks should rebuild capital buffers to prepare for shocks
Under leader Xi Jinping, China has established itself as an increasingly assertive global player. But even as Beijing tightens its grip on Hong Kong and steps up its rhetoric against the U.S., senior leaders bowed to the inevitable.
Globally there are more than 5.1 million recorded cases of the coronavirus, up from 3.85 million two weeks ago and more than 333,000 deaths.
European Central Bank officials are ready to step up bond purchases next month if they consider such a move necessary to combat the economic fallout from the coronavirus pandemic, according to the minutes of their April policy meeting.
The Bank of Japan (BOJ) Friday said it would introduce a new measure to help small and medium-sized businesses (SMEs) affected by the COVID-19 pandemic by increasing provisions by 30 trillion yen (278 billion U.S. dollars) to financial institutions.
A large number of Americans who asked to postpone their loan payments during the pandemic ended up paying anyway, adding to a growing body of data that suggests households are steeling themselves for tougher times ahead.