what is central banking, snippets

The European Central Bank cut interest rates for the third time in a row to boost the sluggish economy. The European Central Bank cut interest rates for the third time in a row on Thursday, and hinted that with inflation approaching 2% and the economy in trouble, it will further cut interest rates next year. The deposit interest rate was lowered by 25 basis points to 3%, which was in line with the expectations of all but one of the analysts surveyed. This makes the total easing range since June reach 100 basis points. In its statement, the European Central Bank abandoned the wording that the policy would be "fully restrictive for a necessary long time", indicating that its position has changed. "The Management Committee is determined to ensure that the inflation rate is sustainably stabilized at the medium-term target of 2%." The European Central Bank said on Thursday. "The central bank will adopt a method of relying on data and meeting one after another to determine the appropriate monetary policy stance."Market news: STARBOARD VALUE shares in bitcoin mining company RIOT.Jili Liaoyuan reported a suspected gas explosion in a residential area: 13 people were hospitalized, including 2 seriously injured. Liaoyuan City Emergency Management Bureau reported that at 18: 17 pm on December 12, the municipal fire rescue detachment received an alarm, and a suspected gas explosion occurred in a residential area in Liaoyuan City. At present, the open flame has been extinguished, and 13 people were hospitalized, including 2 seriously injured. The cause of the accident is under investigation.

European Central Bank President Lagarde: The inflation problem has not yet been completed. European Central Bank President Lagarde said that the inflation problem has not yet been completed and the anti-inflation task has not yet ended, but inflation is moving towards the goal.Angola's national consumer prices rose by 28.41% year-on-year in November.European Central Bank President Lagarde: The economy will strengthen over time.

Lian Ping: The Central Economic Work Conference released a strong financial afterburner signal to lower the RRR or cut interest rates at the end of this year or early next year. Lian Ping, chairman of the China Chief Economist Forum and president of the Guangkai Chief Industry Research Institute, said in an interview that the Central Economic Work Conference mentioned that "a moderately loose monetary policy should be implemented" and "lowering the RRR and cutting interest rates at the right time", which means that it is expected to intensify next year. Combined with the current domestic and international situation and liquidity situation, it is expected that the RRR cut and interest rate cut will land at the end of this year and early next year. Regarding "exploring and expanding the macro-prudential and financial stability functions of the central bank", Lian Ping believes that, on the one hand, the monetary policy should be reasonable and moderate, with a steady pace, so as to avoid a big deviation from market demand; On the other hand, monetary policy should explore and expand related fields and innovate constantly in maintaining financial stability. The functional connotation of the subsequent central bank is expected to be further enriched, and its coverage function may be extended to the whole financial field. "Next, whether it is the real estate market or the stock market, we need to build a long-term mechanism for financial stability." Lian Ping said. (SSE)Guo Liyan, Institute of Economics, China Macroeconomic Research Institute: It is a long-term and fundamental policy to continuously promote the construction of ultra-large-scale domestic market. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Guo Liyan, deputy director of the Economic Research Institute of China Macroeconomic Research Institute, said in an interview that expanding domestic demand in an all-round way and continuously promoting the construction of super-large-scale domestic market are not just temporary measures to cope with risks and external shocks, but long-term and fundamental measures to promote Chinese modernization. The key is to boost consumption and improve the efficiency of investment, so that effective investment and potential consumption can form a virtuous cycle promotion mechanism, thereby consolidating and enhancing the main role of domestic demand in supporting the national economic cycle, and giving full play to the powerful supporting role of domestic demand for high-quality economic development and higher-level participation in international competition and cooperation. (The country is a through train)Iraqi security forces destroyed eight extremist strongholds in northern Iraq. On December 12, local time, the Iraqi Joint Operations Command issued a statement saying that Iraqi security forces are continuing to track and crack down on members of the extremist organization "Islamic State" in the country. Recently, in the hamlin Mountains in Kirkuk province, Iraqi security forces destroyed eight extremist strongholds, including personnel hiding places and weapons storage facilities. (CCTV News)