Latest News for: Banking policy


Understanding the impacts of US Fed rate changes

The Jakarta Post 27 Sep 2023
The worldwide central bank interest rate increases are a noteworthy concern for financial market players ... As a result of rising prices, which create higher inflation, interest rate policy measures are increasingly being scrutinized. Interest rate policy is one of the monetary policy tools used to achieve a central bank’s target.

USD/JPY Forecast: Dovish Divergence Fuels Price Movement News

FX Empire 27 Sep 2023
While monetary policy divergence tilts in favor of the US dollar, intervention risks continue to peg the USD/JPY back from 150 ... Bank of Japan Monetary Policy Meeting Minutes in Focus. The Bank of Japan monetary policy meeting minutes from the July meeting will be in focus today.

Business NZ expects economy will come under increasing pressure

RNZ 27 Sep 2023
"Investors remain cautious - with factors like decreased demand, the upcoming election and the impact any change in policy will have on business being front of mind ... "Time will tell whether these, and other possible changes will be made to the Reserve Bank's operational policy.".

Morning Bid: Back to regularly scheduled programming

Reuters 27 Sep 2023
A Bank of Thailand interest rate decision and the latest snapshots of Australian consumer price inflation and Chinese industrial profits are the highlights on the region's economic and policy calendar ... In Asia on Wednesday, Thailand's central bank is expected to leave ...

JPMorgan UK Imposes Ban on Cryptocurrency Purchases to Counter Rising Scams

MegaloPreneur 27 Sep 2023
Chase UK, a subsidiary of banking giant JPMorgan, has taken a decisive step in the fight against the growing menace of cryptocurrency scams and fraud ... While this policy is specific to Chase UK and not part of a broader JPMorgan group initiative, it aligns with the bank’s historical stance on cryptocurrencies.

Credit to Govt, Private Sector Up 42.68%  to N87.27tn YoY

This Day 27 Sep 2023
The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the economy ... Commenting on the driver of credit to real sector, he attributed the growth to 65 per cent LDR policy of the CBN, stressing that many banks complied with the directive on the minimum requirement.

JRA utilizes land bank

Cleburne Times-Review 27 Sep 2023
Johnstown Redevelopment Authority sold 13 properties during its regular monthly meeting on Tuesday through a land bank program designed to get abandoned structures within the City of Johnstown back into use and on the tax rolls ... Komar explained the policy for when a person connected to JRA wants to utilize the land bank.

Concerns Mount Over Hedge Fund Activity in US Treasury Market

MegaloPreneur 27 Sep 2023
But central banks and regulators are fearful that the effect of any sudden dislocation in the market could quickly escalate and form ugly feedback loops ... Intervention could involve buying bonds, thus undermining the central bank’s mission to tighten policy until it defeats inflation, and resembles an official safety net for the trade.

Fed rate cuts could come sooner than expected, says former Goldman CEO Lloyd Blankfein

Market Watch 27 Sep 2023
... the need to keep rates higher for some time, Blankfein thinks cuts to interest rates could be in the cards sooner than the central bank has been telegraphing ... His comments followed a decision to keep the central bank’s policy rate unchanged at a 22-year-high range of 5.25%-5.5%.

BoG maintains policy rate at 30%

Business Ghana 26 Sep 2023
... 25, 2023, said the decision by the Central Bank to stay the policy rate is to quicken the path of disinflation on the back of underlying global pressures.

As loan rates fall, housing perks up

ECNS 26 Sep 2023
"It is expected that more than 90 percent of the borrowers would be able to enjoy the benefits of the policy right away, with the rest of them tipped to get the benefit of the adjustment by the end of October," Zou Lan, head of the monetary policy department at the People's Bank of China, was quoted as saying by Xinhua.

IMF: Climate Change Poses Risks to Financial, Price Stability

This Day 26 Sep 2023
Climate Change and Macro-Financial Policies”, which was ... He said being cognisant of these risks would allow the central bank to better formulate policies that promote financial stability, curtail inflation, and better withstand climate shocks as well as sustain development.

Oil Prices Decline as Dollar Strengthens and Central Bank Policies Weigh on Demand (Mansfield Oil Company)

Public Technologies 26 Sep 2023
Oil Prices Decline as Dollar Strengthens and Central Bank Policies Weigh on Demand ... dollar and worries that extended high interest rates from major central banks might suppress fuel demand ... Federal Reserve and the European Central Bank recently emphasized their dedication to combating inflation.

Nigeria's central bank Governor Cardoso pledges to clear $7 billion forex backlog

Reuters 26 Sep 2023
ABUJA, Sept 26 (Reuters) - Nigeria's new central bank Governor Olayemi Cardoso said on Tuesday his top priority was to clear the bank's backlog of unsettled foreign exchange obligations to local lenders, which he estimated could be as high as $7 billion ... Future of MoneycategoryJPMorgan's UK bank Chase to ban crypto transactions.

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