China’s Central Bank Prioritizes Strong Yuan When Managing Liquidity –Wall Street Journal (subscription) China’s central bank faces a tough balancing act, trying to ease credit in the financial system without adding to pressures weakening the Chinese currency.
Desperate in Davos: Policymakers Struggle for Answers – Reuters Angela Merkel was missing from Davos this year, but the German leader’s optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps.
Dollar Edges Down But Close to Recent Highs; Fed, BOJ in Focus – Reuters The dollar edged down on Monday but remained well off recent lows as markets started the week on a calmer note and investors turned their attention to upcoming central bank meetings.
There’s a Giant Elephant at the Bank of England – Bloomberg It’s a new year and Bank of England officials have been sharing their views on the outlook for the U.K. and the risks. Well, some of the risks.
China to Set Up its Own Virtual Currency – The Register The People’s Bank of China (PBOC), China’s central bank, hopes to launch its own virtual currency to cut the cost of handling paper money and to give the government more control of the country’s money supply.
Russian Officials Seek to Reassure Markets They Have Control Over Ruble – Wall Street Journal (subscription) Top Russian officials Friday sought to reassure markets they have control over the ruble and that its drop to all-time lows has a silver lining. ‘
No Crisis’ Norway Holds Talks on Economic Cost of Oil’s Plunge – Bloomberg Norway’s prime minister, finance minister and central bank governor are holding an extraordinary meeting to assess just how bad the deepening plunge in the price of oil will be for the overall economy of Western Europe’s biggest petroleum producer.