Low central bank interest rates are turning hedge funds into a systemic recession risk, say the IMF and European Central Bank. Low bond yields are driving investors into riskier assets. A selloff could spillover and wreak havoc on the broader economy. Holes in regulations on the banking sector after the 2008 financial crisis are also…
The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise. Russian central bank head disses cryptocurrencies, again Russian news outlet…
Sometimes it’s good to remind ourselves how far crypto has come. Central bankers are now being forced to publicly defend the dollar as the global reserve currency against the rise of cryptocurrency. Fed official defends the dollar from Carney’s crypto threat Last month, Bank of England Governor Mark Carney argued the case for a Libra-esque…
The ECB is slashing rates but the recession train may have left the station. | Source: Shutterstock “Whatever it takes.” That’s the mantra of Mario Draghi and the European Central Bank (ECB) as they slashed interest rates yet further into negative territory on Thursday. The ECB cut the base rate to -0.5% and unleashed another…
