Currency Intervention

Saudi king earmarks $2.4 billion to pay private-sector workers

Saudi king earmarks $2.4 billion to pay private-sector workers

Published 03/04/2020

RIYADH (Reuters) - Saudi Arabia’s King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages [more…]

U.S. stimulus package is biggest ever, but may not be big enough

U.S. stimulus package is biggest ever, but may not be big enough

Published 30/03/2020

BOSTON/WASHINGTON (Reuters) - The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial [more…]

Exclusive: ECB’s Lagarde asked euro zone ministers to consider one-off ‘coronabonds’ issue – officials

Exclusive: ECB’s Lagarde asked euro zone ministers to consider one-off ‘coronabonds’ issue – officials

Published 25/03/2020

BRUSSELS/FRANKFURT (Reuters) - European Central Bank chief Christine Lagarde asked euro zone finance ministers during a videoconference on Tuesday evening to seriously consider a one-off [more…]

Shops close across Turkey, dimming hopes of a boom year

Shops close across Turkey, dimming hopes of a boom year

Published 20/03/2020

ISTANBUL/ANKARA (Reuters) - Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of [more…]

ECB to print 1 trillion euro this year to stem coronavirus rout

ECB to print 1 trillion euro this year to stem coronavirus rout

Published 19/03/2020

FRANKFURT (Reuters) - The European Central Bank launched 750 billion euro emergency bond purchase scheme in a bid to stop a pandemic-induced financial rout from [more…]

ECB’s crisis plan reduces fragmentation risks to euro area: French minister

ECB’s crisis plan reduces fragmentation risks to euro area: French minister

Published 19/03/2020

PARIS (Reuters) - The European Central Bank’s new bond purchase scheme will help reduce the risk of fragmentation between euro zone states, France’s finance minister [more…]

Government borrowing costs jump as virus-related support costs climb

Government borrowing costs jump as virus-related support costs climb

Published 18/03/2020

LONDON (Reuters) - Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the [more…]

ECB ready for further action if needed: Holzmann

ECB ready for further action if needed: Holzmann

Published 16/03/2020

VIENNA (Reuters) - If the European Central Bank sees the need for further stimulus in the area of government bonds to help countries tackle the [more…]

ECB’s Holzmann sees no need for rate cut to combat coronavirus

ECB’s Holzmann sees no need for rate cut to combat coronavirus

Published 03/03/2020

VIENNA (Reuters) - European Central Bank policymaker Robert Holzmann said he would not support an interest rate cut to insulate the euro zone from the [more…]

BOJ reassurance on coronavirus bolsters speculation of global policy action

BOJ reassurance on coronavirus bolsters speculation of global policy action

Published 02/03/2020

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank will take necessary steps to stabilize markets jolted by the [more…]