Posted on April 10, 2016 by iMFdirect By Jose Viñals, Simon Gray, and Kelly Eckhold We support the introduction of negative policy rates by some central banks given the significant risks we see to the outlook for growth and inflation. Such bold policy action is unprecedented, and its effects over time will […]
Tag: Central Banks
EMERGING MARKETS-Central bank moves ease pressure on currencies
Central bank action lifted some emerging market currencies off lows on Wednesday but higher U.S. yields and the likelihood of military action against Syria kept the sector under pressure. Emerging stock markets were flat after Tuesday’s U.S. manufacturing data supported the view that the Federal Reserve would start rolling back […]
Islamic finance body IILM sells debut $490 million sukuk
A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. The three-month Islamic bonds, denominated in U.S. dollars, were issued by the Malaysia-based International Islamic Liquidity Management Corp […]
