Tom Spencer

OCTOBER 6, 2023

The interest rate set by the central bank serves as a benchmark or reference rate for banks. It reflects the bank’s assessment of potential losses it may incur and its commitment to maintaining a strong balance sheet. Indirect tax refers to taxes imposed based on the consumption, sale, or use of goods and services.

Banking 88

Banking Balance Sheet Operations Financial 88

MishTalk

FEBRUARY 6, 2014

In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. The eurozone is doing so by accident, letting market forces drain liquidity from the financial system for month after month. Retail sales fell 1.6pc in December, the biggest drop for two-and-a-half years.

Balance Sheet 72

Balance Sheet Banking Retail Policies 72

MishTalk

JANUARY 3, 2014

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. George Magnus writing for the Financial Times about the cash crunch noted "China’s credit boom is still in full swing. Here we are. S&P UP 29.6% The broad U.S.

Conference 74

Conference Banking Government Balance Sheet 74