Thursday, 7 April 2022

Reuters Global Investor: BoE's Pill questions if QE is best tool to tackle market dysfunction

BoE's Pill questions if QE is best tool to tackle market dysfunction

Quantitative easing may be the wrong tool to tackle any future episodes of bond market turmoil, especially given how high inflation is now, Bank of England Chief Economist Huw Pill said on Thursday.

Turkish cenbank's net FX reserves rise to $16.4 bln

The Turkish central bank's net international reserves rose by $446 million to $16.4 billion as of April 1, data showed on Thursday.

Brazil real to keep close to pre-pandemic levels despite feeble economy

Brazil's real will keep trading close to its pre-pandemic levels in coming weeks, still riding a wave of positive sentiment that is strikingly at odds with worsening economic conditions in the South American country, a Reuters poll showed.

Turks' foreign currency holdings fall to $215.98 bln

Turkish locals' foreign exchange and gold holdings dropped $1.53 billion when adjusted for the parity effect to $215.98 billion in the week to April 1, data showed on Thursday.

Supervisors and banks worried about 'puzzle' of different Russia sanctions, Spanish central bank says

Banks and supervisors are concerned about implementing sanctions against Russian oligarchs in the wake of the invasion of Ukraine as they vary in scope and in who they target across different jurisdictions, Bank of Spain Director General for Supervision Mercedes Olano said on Thursday.

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UK lawmakers want stricter 'competitiveness' remit for regulating finance

British government plans to give financial regulators a competitiveness remit post-Brexit risk being ignored unless backed by clear performance yardsticks, a committee from parliament's upper house said on Thursday.

Generali shareholder Union Investment supports existing management

Major Generali shareholder Union Investment supports existing management in the insurer led by chief executive Philippe Donnet, a portfolio manager in the firm said on Thursday.

Yellen says U.S. crypto rules should support innovation, manage risks

U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market.

Qatar foreign reserves up 2.6% in March to 210.5 bln riyals -QNA

Qatar's Central Bank foreign reserves and hard currency liquidity rose 2.6% year-on-year in March to 210.48 billion riyals ($57.82 billion), the Gulf state's official news agency QNA reported on Thursday.

Singapore cbank transfers $55 bln of excess foreign reserves to govt

Singapore's central bank said on Thursday it has transferred excess official foreign reserves (OFR) of S$75 billion ($55.11 billion) to the government through a subscription of reserves management government securities.

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