In today’s India Edition, Anirban Nag writes on the central bank’s tough choices. And, Lou Del Bello shines a light on Delhi’s pollution fixes. https://t.co/ILMayMjTL6 ...

Mexico’s central bank cut its expectation for growth this year after the economy contracted in the third quarter, igniting recession fears for Latin America’s second-biggest economy https://t.co/Lr3D9Qdmwh ...

RT Bloomberg New Economy (@BBGNewEconomy)"Central bank for the first time today own more gold than US Treasury."Founder & CEO of Algebris Investments at #BloombergNewEconomy.⏯️https://t.co/Sqkf8dJOyf https://t.co/vTMaQFuUMf ...

Namibia’s central bank said Governor Johannes !Gawaxab will step down at the end of December after more than five years at the helm https://t.co/o16qT2hDuj ...

货币政策 - 台湾中央银行需要为其货币（新台币）建立长期路径 [1] 经济影响 - 普通民众最终将能够享受非凡出口奇迹的更多成果 [1]

Finance ministers meeting today are expected to start talks on the sidelines for the central bank’s top jobs. https://t.co/rqPiVsZ6GV ...

Switzerland’s inflation unexpectedly slowed to near zero, adding pressure on the central bank to push back against the strength of its currency https://t.co/zZ3sfosp7I ...

Currency Swap Plans for Argentina - Discussions involve a $20 billion swap line established by the Treasury with the Argentina central bank [1][2] - Reports indicate potential FX intervention, including outright purchases of pesos and sales of dollars [1] - Treasury is reportedly working with the private sector on another $20 billion to provide longer-term funding [2] Mechanics of Swap Lines - Swap lines involve the Federal Reserve exchanging dollars for the currency of another central bank at a specified exchange rate [3] - Swap lines can range from one day to three months in maturity [4] - At maturity, the Fed receives dollars back and returns the foreign currency at the same exchange rate [4]

Economic Impact of Deleveraging - Lower incomes and increased unemployment reduce government tax revenue while simultaneously increasing the need for government spending on unemployment benefits [1] - Governments often implement stimulus plans and increase spending, leading to budget deficits as they spend more than they earn in taxes [2] - Governments may raise taxes on the wealthy to redistribute wealth, potentially causing resentment between different socioeconomic groups [3] - Continued economic depression can lead to social disorder and political instability, both within and between countries [4] Monetary Policy Response - Central banks, having lowered interest rates to near zero, may resort to printing money to stimulate the economy [5] - Central banks print money to buy financial assets and government bonds, as the Federal Reserve printed over $2 trillion during the 2008 crisis [6] - This action increases asset prices, benefiting those who own financial assets, but the central bank can only buy financial assets [7] - Central banks cooperate with the central government, which can buy goods and services, by buying government bonds, effectively lending money to fund stimulus programs [8] Risks and Policy Considerations - Policymakers must balance deflationary and inflationary measures to manage debt burdens and maintain stability during deleveraging [9]

Market Trends - Bitcoin and Ethereum are not significantly affected by the central bank's interest rate cut [1]