China, Thailand sign MOU to promote bilateral transactions in local currencies
WEDNESDAY, MAY 22, 2024
The central banks of China and Thailand on Tuesday inked a memorandum of understanding (MOU) concerning a framework for cooperation to promote bilateral transactions in local currencies.
Federal Reserve to backstop the U.S. money market industry and support other central banks, its eighth major emergency action this week
THURSDAY, MARCH 19, 2020
The Federal Reserve announced late Wednesday it is establishing a special backstop for money market mutual funds, which typically serve as risk-free places for investors to store cash. Early Thursday, the Fed announced more "swap lines" with other central banks around the world to help ensure they have sufficient U.S. dollars.
Central banks promise stability as OECD sounds alarm
MONDAY, MARCH 02, 2020
Global central banks promised to act as needed to stabilize markets rattled by the coronavirus as the OECD warned the world economy faces its "greatest danger" since the financial crisis more than a decade ago.