Aug 15, 2021 19:24
2 yrs ago
11 viewers *
English term
France
the central bank's reserve buying
English to French
Social Sciences
Economics
Hi! I am working on a translation for an American University professor who's publishing in a French journal. I don't understand what he means by that (obviously, I can't ask him otherwise I would have).
I can't find the meaning and the translation of "reserve buying"...
For a little context, the writer is talking few lines before about the Fed which had had to spend billions of dollars to maintain its exchange rate. "Despite the exchange rate quoted by currency traders, the real value of the dollar should have appreciated, nullifying the impact of the Fed's interventions on the current account balance. Inflation should therefore have offset the distributional impact of the central bank’s reserve buying."
Can anyone help ?
Thanks!
I can't find the meaning and the translation of "reserve buying"...
For a little context, the writer is talking few lines before about the Fed which had had to spend billions of dollars to maintain its exchange rate. "Despite the exchange rate quoted by currency traders, the real value of the dollar should have appreciated, nullifying the impact of the Fed's interventions on the current account balance. Inflation should therefore have offset the distributional impact of the central bank’s reserve buying."
Can anyone help ?
Thanks!
Proposed translations
(French)
| 4 -1 | les achats de reserves de change par la banque centrale |
Francois Boye
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Proposed translations
-1
1 hr
Francois Boye
United States
United States
Native in French
Specializes in field
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
116
les achats de reserves de change par la banque centrale
Peer comment(s):
| disagree |
Daryo
: wrong meaning of "reserve" IN THIS TEXT they are not buying foreign currencies to increase their "currency reserves". it's "the reserve" (in effect the FED) that is buying domestic bonds
10 hrs
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the text told you that the central bank was supporting the dollar, which means buying a currency that is a reserve currency.
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Discussion
the central bank's reserve buying
=
buying done by the central bank's reserve
The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals,” the post-meeting statement said.