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    Central bank intervention

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    • Wednesday, 12 July, 2023
      Yen
      Yen rallies on bets BoJ will tweak yield curve controls

      Currency strengthened past ¥140 against dollar, erasing entirety of its fall in June

      A person’s hands in view, counting Yen notes
    • Friday, 30 June, 2023
      Yen
      Japanese yen falls to 7-month low against dollar

      Currency close to levels of last market intervention by Tokyo

      A montage of a Japanese yen note and an arrow pointing down
    • Tuesday, 27 June, 2023
      Yen
      Yen slide fuels speculation over government intervention

      Japanese authorities promise to ‘respond appropriately’ if currency drop becomes excessive

      Japanese ¥10,000 notes
    • Monday, 12 June, 2023
      Linda Yueh
      Lessons from past crises could help stave off a commercial property crash

      Credible government policies, deployed rapidly, are key

      Traders work at the Chicago Mercantile Exchange in 2007, a year before Washington Mutual failed. The first phase of any boom and bust cycle is marked by euphoria — the belief that asset prices will only rise
    • Saturday, 10 June, 2023
      Nigeria
      Nigeria’s new president suspends central bank governor

      Godwin Emefiele’s contentious policies raised doubts over the instituition’s independence

    • Friday, 12 May, 2023
      Mervyn King
      We need a new approach to bank regulation

      Waiting until there is a crisis and then deploying ad hoc measures is not good enough

      photo looking up at the Bank of England facade at twilight with a streetlamp in the foreground and gloomy sky behind
    • Sunday, 26 March, 2023
      LexBanks
      Bank failures: lessons of past crises echo today Premium content

      While intervening in bank runs limits the damage, it dilutes the incentive to guard against financial risks

      Cyclists ride past the Bank of England building in London
    • Wednesday, 22 March, 2023
      Central banks
      Financial turmoil complicates central banks’ focus on inflation

      Some former monetary policymakers fear narrow focus on damping price pressures could exacerbate panic

      Montage of Christine Lagarde, Jay Powell and Andrew Bailey
    • Wednesday, 15 March, 2023
      Regulators say Credit Suisse is fine so please chill

      “Whatever i̶t̶ ̶t̶a̶k̶e̶s̶” - SNB

    • Tuesday, 14 March, 2023
      US inflation
      US consumer prices rise 6% at tricky time for Fed amid SVB fallout

      Data comes as central bank contends with broader concerns about how rising interest rates have affected lenders

      Jay Powell
    • Monday, 13 March, 2023
      ExplainerUS banks
      How Fed’s rescue package for US banks differs from 2008 bailouts

      Regulators have moved to bail out depositors of SVB and Signature Bank without the help of taxpayers

      Customers line up outside an SVB branch in Wellesley, Massachusetts, on Monday
    • Monday, 6 March, 2023
      A blueprint for central bank intervention

      Or how to buy bonds while still tightening policy

    • Tuesday, 7 February, 2023
      Agustín Carstens
      Central banks are not here to make profits

      Making a loss is sometimes the price to pay for keeping economies stable in extraordinary times

      Pedestrians are reflected in an electronic stock board in Tokyo
    • Monday, 9 January, 2023
      Raghuram Rajan
      Central banks can’t win when it comes to credibility on inflation

      Institutions are scrambling to rebuild their toolkits to deal with the new regime

      Pedestrians walk past the US Federal Reserve building
    • Friday, 6 January, 2023
      News in-depthRenminbi
      China’s new renminbi tactics leave traders guessing

      People’s Bank of China uses ‘invisible reserves’ to manage currency fluctuations

      People’s Bank of China, US dollars and renminbi chart
    • Wednesday, 21 December, 2022
      Bank of Japan
      Global bond markets take hit after BoJ’s shock policy move

      Change by Japan’s central bank to controversial yield curve control triggers sell-off in sovereign debt

      A view of signage outside the Bank of Japan in Tokyo
    • Tuesday, 20 December, 2022
      Bank of Japan
      Bank of Japan stuns markets with yield control policy change

      ‘Major surprise’ sends yen roaring higher and pushes Tokyo stocks lower

      Bank of Japan headquarters
    • Wednesday, 7 December, 2022
      News in-depthCentral banks
      Australia and New Zealand chart divergent courses on interest rates

      Wellington’s ultra-hawkish crusade against inflation clashes with Canberra’s hope for a soft landing

      Reserve Bank of Australia governor Philip Lowe attends a G20 finance ministers’ and central bank governors’ meeting in Bali in July
    • Monday, 5 December, 2022
      News in-depthMarkets volatility
      Financial instability: the hunt for the next market fracture

      Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

      An image of a euro coin along with US dollars and Japanese yen
    • Monday, 31 October, 2022
      Yen
      Japan spent $43bn in October to defend the yen

      Government intervened after currency tumbled to 32-year low against the dollar

      Japanese yen and US dollar banknotes
    • Tuesday, 25 October, 2022
      Currencies
      Japan’s yield curve control is “broken”

      RIP YCC?

    • Monday, 24 October, 2022
      Yen
      Yen swings as traders speculate about third intervention

      Japanese authorities spent an estimated $30bn last week to prop up the currency

      Dealers work in front of monitors in Tokyo
    • Sunday, 23 October, 2022
      Currencies
      Japan made intervention of at least $30bn to prop up yen

      Officials have suggested the government has ‘limitless’ funds to defend the country’s currency

      People walk past an electric monitor displaying the Japanese yen exchange rate
    • Thursday, 20 October, 2022
      Yen
      Yen slips past ¥150 against the dollar to lowest level since 1990

      Depreciation of Japan’s currency has investors on alert for further government intervention

      A picture of Japanese yen notes
    • Wednesday, 12 October, 2022
      Yen
      Yen falls into intervention zone with new 24-year low

      Japan’s currency moves past ¥145.90 per dollar level that prompted action last month

      US and Japanese flags in front of a screen showing the yen’s rate to the dollar of 146.33 at one point on Wednesday
    Previous page You are on page 1 Next page

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