Real-time Financial News

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2025-08-22 Friday
  • 17:32:38

    French banker and economist Pastre: Sustainable development is not a panacea for all problems, because there are too many goals and the time to complete them requires us to maintain extreme humility. Sustainable development is not equal to green growth, nor is it a short-term effect, it can only be shown in the long run.

  • 17:21:01

    Russia-appointed governor of Crimea: Russian air defenses shot down a cruise missile near the Crimean city of Kerch, causing no damage or casualties so far.

  • 17:16:46

    ECB Governing Council Villeroy: How to hold people accountable for outcomes in public debate and empower authorities to act. This problem is not just for the political authorities to solve, but for all of us to think and work together.

  • 17:15:28

    European Central Bank Governing Council Villeroy: Within a limited scope, the central bank has clear responsibilities and ability to act. Central banks have clear goals (price stability) and measurable outcomes, and they have the tools to achieve those goals, primarily interest rate tools.

  • 17:13:58

    European Central Bank Governing Council Villeroy: Disagree with two views that the central bank can solve all problems. The first is that people think that financial and monetary policy has magical powers, but there is no free lunch; the second is that people think that central banks can escape political pressure because they are independent, but they are not.

  • 17:12:24

    European Central Bank Governing Council Villeroy: Although the central bank is committed to reforming and maintaining the financial system, the central bank cannot solve all problems, such as the debt crisis or the climate crisis.

  • 17:11:29

    European Central Bank Governing Council Villeroy: Many people think that the central bank acts as a lightning rod in the crisis, but I do not agree with this view.

  • 17:09:55

    European Central Bank Governing Council Centeno: It is important to have a fiscal policy targeting the most vulnerable groups, and it is necessary to allow monetary policy to fight inflation at the macro level.

  • 17:09:12

    ECB Governing Council Centeno: We need all policies coordinated. At present, expansionary fiscal policy is harmful to resisting and defeating inflation, and we need counter-cyclical policy.

  • 17:08:41

    European Central Bank Governing Council Centeno: Inflation is harmful to the economy, so one of the main tasks of the central bank is to promote price stability.

  • 17:07:19

    European Central Bank Governing Committee Centeno: All member states need to work together, the union needs to work together, like a football team, we need to move together on the field, no one can fall behind.

  • 17:06:31

    European Central Bank Management Committee Centeno: It is necessary to continue to build the European Union. It is necessary to improve the central fiscal capacity of Europe, more and better integration is needed, the construction of the banking union needs to be completed, and a financial institution that serves us and Europe is needed. Stable working European deposit insurance team.

  • 17:05:30

    European Central Bank Governing Committee Centeno: The challenge now is that we need a variety of policy tools and cannot rely solely on monetary policy or regulatory policy.

  • 16:51:35

    Bailey, Governor of the Bank of England: The world is currently experiencing multiple shocks, and the Bank of England needs to assess and respond to these shocks.

  • 16:51:17

    Bank of England Governor Bailey stressed that the central bank should not take the lead in public policy to address these issues.

  • 16:50:51

    Bank of England Governor Bailey: Although the central bank cannot directly solve all problems, these issues need to be considered because they affect the core objectives of price stability and financial stability.

  • 16:49:48

    Bailey, Governor of the Bank of England: The central bank also has its own specific goals and cannot solve all problems. For the Bank of England, the two objectives are monetary stability, low inflation (price stability) and financial stability.

  • 16:42:38

    Ukrainian President Volodymyr Zelensky meets Polish President Duda in Ukraine.

  • 16:31:40

    The Saudi Agricultural Development Fund signed contracts worth 926 million riyals to finance imports of soybeans, barley and corn.

  • 16:14:09

    ECB Governing Council Centeno: Inflation is falling faster than rising.

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