Latest News for: Banking policy

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UAE rains: Will all vehicle owners with comprehensive insurance get their repair claims covered?

Gulf News 30 Apr 2024
The Central Bank emphasized the importance of reviewing and understanding insurance policies to ensure the resolution of insurance disputes, and recommended referring to the ‘Sadanak’ platform for ...
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4 key money changes to come into effect from May 1 that investors should know

Live Mint 30 Apr 2024
... to May 10, 2024.IDFC First Bank implements utility transaction fee changeIDFC First Bank has announced a change in its credit card policy regarding utility bill payments, effective May 1, 2024.
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Why RBI can cut rates ahead of the US Fed

Business Line 30 Apr 2024
From the Fed’s pivot in monetary policy to the likely stance of central banks worldwide, businessline’s ... The discussion goes on to examine the ripple effects of Fed policy on global central banks.
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Monetary policy

Dawn 30 Apr 2024
ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key policy rate steady at 22pc. The bank rightly argues that the continuation of a tighter ...
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SBP holds rate at 22pc for seventh time

Dawn 30 Apr 2024
The State Bank of Pakistan (SBP) kept its key interest rate unchanged at 22 per cent for the seventh straight policy meeting on Monday as it found no improvement in the economic situation while the fear of inflation continues to haunt policymakers.
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Growth in Asia-Pacific expected to slow in 2024: IMF

Beijing News 30 Apr 2024
The IMF said Asian central banks should continue to focus firmly on domestic price stability and avoid making policy decisions overly dependent on anticipated interest rate moves by the Federal Reserve.
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Questioning ADB’s approach to resource conservation and pollution prevention

The Jakarta Post 30 Apr 2024
n 2009, the Asian Development Bank (ADB) established its first Environmental and Social Framework (ESF) ... It is a tool used by communities harmed by ADB’s projects to hold the bank accountable.
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Rand firms as JSE soars to 4-month high

Independent online (SA) 30 Apr 2024
In its latest Monetary Policy Review, the South African Reserve Bank (SARB) noted that the path back to 4.5% inflation would probably be “bumpy and protracted” after setbacks in the disinflation trajectory in recent months.
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Most markets build on Wall St rally, yen holds rebound

Guam Pacific Daily News 30 Apr 2024
... observers warning that a more hawkish tilt could see the dollar spike again, though many warn the yen will likely hit 160 again owing to the wide differences in the central banks' monetary policies.
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Dollar rises to upper 156 yen zone amid wariness over intervention

Kyodo 30 Apr 2024
The Japanese currency has been under heavy selling pressure after the Bank of Japan on Friday decided to leave its monetary policy unchanged at a policy board meeting.
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IMF okays release of final $1.1bn SBA tranche

Dawn 30 Apr 2024
Pakistan’s determined policy efforts under the 2023 Stand‑By Arrangement ...The State Bank of Pakistan’s tight monetary policy stance remains appropriate until inflation returns to more moderate levels.
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FOCUS: With or without official word on intervention, weak yen may persist

Kyodo 30 Apr 2024
Following the suspected intervention, the yen returned to levels seen before the Bank of Japan's recent stand-pat decision on monetary policy and remarks from its governor that accelerated selling of the yen.
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Reuters Survey: Inflation in Nigeria to Remain Stubborn Till 2025

This Day 30 Apr 2024
Nigeria central bank governor, Olayemi Cardoso raised the monetary policy rate by 200 basis points to 24.75 per cent last month after a 400 basis point hike in February ... monetary policy,” Citi added.
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IMF board approves $1.1bn for Pakistan

The News International 30 Apr 2024
... policy maintained, is expected to reach around 20 percent by end-June ... “The State Bank of Pakistan’s tight monetary policy stance remains appropriate until inflation returns to more moderate levels.
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