Most of China’s Foreign Currency Credit are in USD
According to the data from BIS global liquidity indicators, as of September 2018, most foreign currency credits to China is still denominated with US dollar.
Americans have not been this optimistic about their financial situation — for the last...
69% of American is financially optimistic, reaching the highest level for the last 16 years.
Japan’s Inflation Rate is still Far From BOJ’s 2 Percent Target
Japan's core inflation rate was on 0.7 percent in February, remaining distant from the Bank of Japan's 2 percent target.
OECD governments borrowing expected to hit record $11tn
Gross borrowing of OECD governments from the markets is set to surpass $11tn this year. This would be a new record, above the current record of $10.9 trillion set in 2010.
Fed to let Bank Term Funding Program expires on March 11
The US central bank also made an adjustment of the program's terms, setting minimum interest rate level at the interest of reserve balance, effective immediately, to block an arbitrage opportunity that banks have been taking advantage of.
Signs of Eurozone Recession is More Apparent
The latest Purchasing Manager Index (PMI) for the two largest economies, Germany and France, is showing a clear sign of looming recession.
How will the shutdown impact GDP growth?
The effect is shown differently on nominal and real GDP
Derivatives’s Credit Terms in Eurozone Tighten Further
The latest SESFOD shows that the credit terms offered to counterparties for both securities financing and OTC derivative transactions is further tightened.
Why FOMC mulling to cut ON RRP rate by 5 bps?
A relatively unexpected discussion among Federal Reserve officials during November FOMC meeting was that "some" committee members suggested a future consideration of lowering the ON RRP facility rate by 5 basis points. Why are they talking about that?
ECB on impact of Coronavirus (March 2)
Luis de Guindos, vice president of the European Central Bank, depicted the coronavirus as an additional " layer of uncertainty to global and euro area growth prospects,"
Interviews
Performance of Macroeconomics is not that bad! | Q&A with Ricardo Reis |
In the interview, Ricardo Reis discuss with us his latest research project - "Reservism", the study of the role of reserves on central bank balance sheets and their implications for central bank solvency, quantitative easing, and the ability to control inflation.