Bruegel: EU local-content rules would add about €2,100 to an electric car
A think tank report argues EU car policy shields producers at consumers' expense, putting EU-made battery cells at €85/kWh against €50 and low-carbon steel at a further €200.
Victoria Shinder
Contributing writer
Writes about the distance between what a central bank says and what it is understood to have said.
Signed pieces
Jefferson ties discount window modernisation to Treasury market function
The Fed vice chair used the New York Fed's Treasury Market Conference to set out three dimensions of discount window modernisation and the role of Treasuries as collateral.
The RBI drains overnight liquidity with a 75,000 crore reverse repo
A variable rate reverse repo auction on 22 September takes one-day money off the table, reversing the next morning — the routine instrument that says how India reads its own liquidity.
The FOMC raised by a quarter point to 3.75–4 percent on a 12–0 vote
The statement of 16 September puts the federal funds target range a quarter point higher, describes activity as expanding at a solid pace, and keeps the ample-reserves framework unchanged.
The Bank of England borrows to fund its own currency reserves
A market notice on 21 September runs under the framework set a year ago: two benchmark issues a year, professionals only, and reserves that are the Bank's own rather than the Treasury's.