central-banks

Latest news and articles about central-banks from NEX English

Assessing the Global Economic Challenge from Iran's War

Jim McCormick, head of macroeconomic strategy at Citi, states that the ongoing war in Iran poses a significant challenge to central banks worldwide. He anticipates a loosening of monetary policies in Asia, alongside increased financial support in response to the conflict.

Iran War Forces Central Banks to Sell Gold Amid Energy Price Surge

Bloomberg reports that the ongoing conflict in Iran may alter central banks' strategies, compelling some nations to sell their gold reserves to finance rising energy costs. The Turkish central bank has already sold gold worth <strong>$8 billion</strong> this month to stabilize the lira.