Latest News for: Banking policy

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FULL TEXT: BoG Governor's address at GNCCI CEO Business Forum

Ghana Web 23 Jun 2021
In particular, the Bank reduced the policy rate by 150 basis points to 14.5 percent; reduced the primary reserve requirements and the capital conservation buffer for regulated financial institutions ... Ladies and Gentlemen, the COVID-related regulatory reliefs and policy measures have continued to support lending activities in the banking sector.
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Ghana’s economy rebounding faster than its peers – Addison

Ghana Web 23 Jun 2021
He explained that the central bank responded to complement government’s Covid-relief measures with a raft of policy and regulatory measures to loosen financing conditions, ease liquidity pressures, and keep supply of credit to support critical sectors of the economy.
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Ghana’s economy rebounding faster than its peers – BoG Governor

Ghana Web 23 Jun 2021
He explained that the central bank responded to complement government’s Covid-relief measures with a raft of policy and regulatory measures to loosen financing conditions, ease liquidity pressures, and keep supply of credit to support critical sectors of the economy.
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Forint Strengthens After Central Bank Raises Base Rate to Battle Inflation Hike

Hungary Today 23 Jun 2021
The Monetary Council of the National Bank of Hungary (NBH) decided to raise the central bank base rate by 30bp to 0.90 percent at a monthly policy meeting on Tuesday. Central bank policy makers had earlier flagged a possible rate rise at the monthly policy meeting in June against the backdrop of spiking inflation.
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BSP to raise rates 3x next year – HSBC

Manila Bulletin 23 Jun 2021
Wan also said the Philippines similar with other Asian countries, will be able to withstand a taper tantrum from the normalization of the US policy rate which the bank expects will begin in December this year ... “We currently expect the BSP to keep policy rate on hold at two percent ...
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Morgan Stanley to block unvaccinated staff from returning to NYC office - a week after ...

The Daily Mail 23 Jun 2021
Employees, clients and visitors will be required to be fully vaccinated in order to access the bank's offices in New York and Westchester ... The bank's vaccine policy is among the strictest on Wall Street ... The new vaccine policy, which will be implemented from July 12, also applies to the bank's offices in Westchester (pictured above).
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Powell's remarks pushing Bank of Korea to delay rate hike

Korea Times 23 Jun 2021
Federal Reserve Chairman Jerome Powell toning down his recent hawkish rhetoric over his country's monetary policy, economists said Wednesday the timing of a rate hike by the Bank of Korea (BOK) will be dependent on actual U.S ... Following the latest BOK monetary policy board meeting ...
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Summer vacations: Insurance providers step up to cover travel risks

Arab News 23 Jun 2021
In a joint press conference with the Saudi General Authority of Civil Aviation last month, Council of Cooperative Health Insurance (CCHI) spokesman Othman Al-Qasabi said that a new insurance policy in conjunction with the Saudi Central Bank (SAMA) will include benefits that cover the risks of COVID-19 infection.
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Australia’s cenbank calls full employment a key national priority

Metro USA 23 Jun 2021
SYDNEY (Reuters) – Absorbing spare labour market capacity and achieving full employment are important national priorities, a senior Australian central bank official said on Wednesday, reiterating the bank’s commitment to supportive monetary policy.
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Bank of England Caught Between Inflation and the Delta Risk

Barrons 23 Jun 2021
Bank of England in central London. The Bank of England’s policy-setting Monetary Policy Committee will have a choice at its meeting on Thursday ... Federal Reserve recently did, or sound dovish like the European Central Bank usually does? ... Bank of England’s annual 2% target last month.
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Australian central bank assures policy support for a return to full employment

Hong Kong Standard 23 Jun 2021
Absorbing spare labor market capacity and achieving full employment are important national priorities, a senior Australian central bank official said on Wednesday, reiterating the bank's commitment to supportive monetary policy, Reuters reports ... The aim of these policy ...
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Morgan Stanley plans to block unvaccinated employees and guests from entering its New York offices

Business Insider 23 Jun 2021
Once the policy goes into effect July 12, all unvaccinated employees will lose building access ... Morgan Stanley did not immediately respond to Insider's questions about how long it plans to keep the policy in place, whether employees may seek an exemption for any reason, and whether the bank plans to expand the policy to other offices.
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Central Bank and Govt Advance in Strategic Alliance, in Spite of Differences, says Matolcsy

Hungary Today 23 Jun 2021
National Bank of Hungary (NBH) governor Gy�rgy Matolcsy acknowledged differences between the central bank and the government over some issues, but said the sides continue to work together in a close strategic alliance at a press conference following a monthly policy meeting on Tuesday ... central bank head Gy�rgy Matolcsy.
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Sunak adds Brexit critic to team of rate-setters

The Times/The Sunday Times 23 Jun 2021
... Organisation for Economic Cooperation and Development from 2014 to 2017, will be the second woman on the Bank’s most powerful policy committee.Sponsored.
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Bank decision in sharp focus amid ‘beast of inflation’ warnings

Belfast Telegraph 23 Jun 2021
Policymakers on the Bank’s nine-strong Monetary Policy Committee (MPC) are expected to hold rates at 0.1%, where they have been since being slashed to new historic lows last March at the height of the pandemic ... Inflation has already smashed through the Bank’s 2% target, hitting a higher-than-expected 2.1% in May.
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