Swiss National Bank President, Thomas Jordan, has highlighted the importance of the ELA+ loan for Credit Suisse, stating that without it, the bank would have been unable to fulfill its financial obligations, posing a threat to systemic stability. This aligns with the views expressed by FINMA CEO Urban Angehrn, who warned that if Credit Suisse…
Bank of Japan Implements More Flexibility in Yield Curve Control Policy The Bank of Japan (BOJ) has announced a shift in its yield curve control (YCC) policy, allowing for increased flexibility. The central bank stated that while the target level for the 10-year Japanese government bond (JGB) yield will remain at 0%, it will now…
Federal Reserve Governor Christopher Waller has stated that the central bank can wait before taking action on interest rates while it monitors progress in its efforts to tackle inflation. As the Fed prepares for its upcoming meeting, Waller is analyzing recent data to assess whether the bank’s measures are effectively reducing demand and slowing inflation,…
Top economists and central bankers agree that interest rates will remain higher for a longer period, creating uncertainty in global markets. Central banks worldwide have been aggressively raising interest rates in an attempt to curb rising inflation, although the results have varied. The US Federal Reserve, after pausing its rate hikes in September, had increased…
