G-SAP 1.0: Has RBI embarked on the path of quantitative easing?
April 13, 2021
×
While it is similar to QE of advanced economies, the central bank’s programme is short-term in nature, restricted to G-secs and is not intended to stimulate the economy
The RBI Governor unveiling the secondary market G-sec acquisition programme – G-SAP – in the recent monetary policy had many experts pointing out that this move is very similar to the quantitative easing programmes initiated by central banks of advanced economies.
But while the programme is styled like QE of advanced economies, the RBI has not gone that path entirely. It’s QE is very short-term in nature, is restricted to G-secs and the intention is not to stimulate the economy. There are also many reasons why QE is not an option for India.
The Globe and Mail Allison Lampert and Ankit Ajmera Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Air Canada AC-T shares sank as much as 6.7% on Tuesday after the carrier nabbed a long-delayed federal aid package that provides access to liquidity but gives the government a discounted stake in the airline.
Several analysts cut their price targets for Air Canada after the deal that was revealed on Monday, which gives the Canadian government a roughly 6% stake in the carrier at a discount of 14%.
(1)
DJ RUBIS: transactions carried out within the framework of the share buyback program (excluding transactions within the liquidity agreement) - April 5 to 9, 2021
RUBIS
RUBIS: transactions carried out within the framework of the share buyback program (excluding transactions within the
liquidity agreement) - April 5 to 9, 2021
12-Apr-2021 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=
Paris, April 12, 2021, 6:00 pm
Issuer Name: Rubis (LEI: 969500MGFIKUGLTC9742)
Category of securities: Ordinary shares (ISIN: FR0013269123)
Period: From April 5, 2021 to April 9, 2021
In accordance with the authorization granted by the Combined Shareholders Meeting held on December 9, 2020 to
Celebrated Allianz economist points to GameStop and hedge fund debacles as potential market torpedoes.
Mohamed El-Erian customarily is not an alarmist. But he notes that the Archegos Capital Management mess is “the third near-accident this year so far.” Meaning something that could’ve trashed the entire financial system.
To El-Erian, Allianz’s chief economic adviser, the collapse of family office Archegos Capital Management is a “one-off,” but it may lead to a tightening of credit as banks become more cautious.
On the plus side, he doesn’t detect a “fast-moving contagion” that will tank the entire stock market, and contended in a Yahoo Finance video appearance that “for now, it looks contained.”