Central bank news
Here are some recent news and updates from central banks around the world:
Federal Reserve (USA)
- The Federal Reserve has kept interest rates unchanged, citing a strong labor market and low inflation.
- The Fed has also announced plans to reduce its balance sheet by $95 billion per month, starting in May.
- The Fed's chairman, Jerome Powell, has expressed concerns about the impact of trade tensions on the economy.
European Central Bank (ECB)
- The ECB has kept interest rates unchanged, citing a strong economy and low inflation.
- The ECB has also announced plans to end its asset purchase program in December.
- The ECB's president, Christine Lagarde, has expressed concerns about the impact of trade tensions on the eurozone economy.
Bank of England (BoE)
- The BoE has kept interest rates unchanged, citing a strong economy and low inflation.
- The BoE has also announced plans to reduce its bond-buying program by £10 billion per month, starting in May.
- The BoE's governor, Andrew Bailey, has expressed concerns about the impact of Brexit on the UK economy.
Bank of Japan (BoJ)
- The BoJ has kept interest rates unchanged, citing a strong economy and low inflation.
- The BoJ has also announced plans to continue its asset purchase program, which has been in place since 2013.
- The BoJ's governor, Haruhiko Kuroda, has expressed concerns about the impact of global trade tensions on the Japanese economy.
People's Bank of China (PBOC)
- The PBOC has cut interest rates for the first time in three years, citing a slowing economy and low inflation.
- The PBOC has also reduced the reserve requirement ratio for banks, to increase lending and stimulate the economy.
- The PBOC's governor, Yi Gang, has expressed concerns about the impact of trade tensions on the Chinese economy.
Other central banks
- The Reserve Bank of Australia (RBA) has kept interest rates unchanged, citing a strong economy and low inflation.
- The Reserve Bank of Canada (RBC) has kept interest rates unchanged, citing a strong economy and low inflation.
- The Swiss National Bank (SNB) has kept interest rates unchanged, citing a strong economy and low inflation.
These are just a few examples of recent news and updates from central banks around the world. Central banks play a crucial role in regulating the economy and setting monetary policy, so it's important to stay up-to-date with their latest announcements and decisions.