The World Banks of Forex Trading
 Bank of Canada (Canada)
The Bank of Canada is the nation's central bank. We are not a commercial bank and do not offer banking services to the public. Rather, we have responsibilities for Canada's monetary policy, bank notes, financial system and funds management. Our principal role, as defined in the Bank of Canada Act, is "to promote the economic and financial welfare of Canada."
Bank Of England (United Kingdom)
The Bank's roles and functions have evolved and changed over its three-hundred year history. Since its foundation, it has been the Government's banker and, since the late 18th century, it has been banker to the banking system more generally - the bankers' bank. As well as providing banking services to its customers, the Bank of England manages the UK's foreign exchange and gold reserves.
The Bank has two core purposes - monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and, more recently, its interest rate decisions. The Bank has had a monopoly on the issue of banknotes in England and Wales since the early 20th century. But it is only since 1997 that the Bank has had statutory responsibility for setting the UK's official interest rate.
Bank of Japan (Japan)
The Bank of Japan is the central bank of Japan. It is a juridical person established based on the Bank of Japan Law (hereafter the Law), and is not a government agency or a private corporation. The Law sets the Bank's objectives "to issue banknotes and to carry out currency and monetary control" and "to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of an orderly financial system."
The Law also stipulates the Bank's principle of currency and monetary control as follows: "currency and monetary control shall be aimed at, through the pursuit of price stability, contributing to the sound development of the national economy."
Bank of Mexico (Mexico)
The Bank of Mexico is the central bank of the Mexican State, constitutionally independent in its functions and administration, whose purpose is to provide to the economy of the country of national currency. In the performance of this charge it takes as a main objective to try to stabilize the spending power of the currency. Additionally, it corresponds to him (it is up to this entity) to promote the healthy development of the financial system and to appease the good operation (functioning) of the payment systems (systems of payment).
Europe Central Bank (European Union)
The ECB is the central bank for Europe's single currency, the euro. The ECB’s main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 13 European Union countries that have introduced the euro since 1999.
Federal Reserve (United States)
The Federal Open Market Committee (FOMC) sets monetary policy to help promote national economic goals. The New York Fed's president is the only regional Bank president with a permanent vote and is traditionally selected as its vice chairman. Other presidents serve one-year terms on a rotating basis.
Reserve Bank of Australia
The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is an active participant in financial markets, manages Australia's foreign reserves, issues Australian currency notes and serves as banker to the Australian Government. The information provided by the Reserve Bank includes statistics - for example, on interest rates, exchange rates and money and credit growth - and a range of publications on its operations and research.
Reserve Bank of New Zealand (New Zealand)
The Reserve Bank of New Zealand is New Zealand's central bank. Its overall purpose is to maintain the stability and efficiency of the financial system. It does so in five ways:
- Operating monetary policy so as to achieve and maintain price stability.
- Assisting the functioning of a sound and efficient financial system.
- Meeting the currency needs of the public.
- Overseeing and operating efficient payment systems.
- Providing effective support services to the Bank.
Swiss National Bank (Switzerland)
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
|
Forex News &