Mario Draghi faces one of the most contentious policy meetings of his European Central Bank presidency on Thursday as he prepares to ramp up monetary stimulus again despite skepticism from the euro area’s biggest economies.
International Monetary fund
World’s Central Banks Want More Gold – Gold Silver Reports
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.
Growth Stumbling But Central Bank Arsenals are Near Empty
Gold Silver Reports – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty.
Draghi: The Governing Council stands ready to adjust all of its instruments
Draghi: The Governing Council stands ready to adjust all of its instruments to ensure that inflation continues to move towards the inflation aim
India’s Forex Reserves Up by $879.5 Million to $413 Billion
Gold Silver Reports (GSR) – India’s Forex Reserves Up by $879.5 Million to $413 Billion — In the previous week, the reserves had declined by $593.7 million to $412.230 billion. The reserves had touched a record high of $426.028 billion in the week to 13 April, 2018. India’s foreign exchange reserves increased by $879.5 million to $413.109 billion in the week to 8 June, helped by rise in foreign currency assets, the Reserve Bank data showed on Friday.