Banking Policy

Sunday, 05 February 2023

Latest News for: Banking policy

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RBI to hike repo rate by 25 bps in Feb as inflation continues to moderate: Barclays

Live Mint 05 Feb 2023

This means the possibility of an on-hold decision is nonnegligible, but given elevated core CPI and recent comments by Governor Shaktikanta Das, we still believe a 25bp hike is the most likely step in February,' the bank said.The bank expects the policy stance to be changed to neutral, where it was last in December 2018, when the repo was 6.50%.

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Naira Redesign: Amid Twists and Turns, Emefiele Maintains Course

This Day 05 Feb 2023

The high-level intrigues to derail the new currency policy of the Central Bank of Nigeria have failed on account of President Muhammadu Buhari’s strong backing of the sound economic plan being religiously implemented by the CBN Governor, Godwin Emefiele, writes Louis Achi.

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RBI likely to settle for 25 basis points repo rate hike: Experts

Financial Express 05 Feb 2023

In its December monetary policy review, the central bank had raised the key benchmark interest rate (repo) by 35 basis points (bps) after delivering three back-to-back increases of 50 bps ... In its December monetary policy review, the central bank had raised the key benchmark ...

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RBI likely to settle for 25 basis points repo rate hike, says experts

The Telegraph India 05 Feb 2023

With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 basis points repo rate hike in its forthcoming bi-monthly monetary policy due later this week.

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MCX Gold drops for the first time after 9 consecutive advances

Financial Express 05 Feb 2023

Comex Gold dipped below the $1,870 mark on Friday, a level not seen in more than three weeks, pressured by a stronger dollar and a pick-up in Treasury yields after hot jobs data fanned concerns about hawkish central bank policies ... of less aggressive central bank policy tightening.

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Investing wisdom of a black rabbit

Korea Times 05 Feb 2023

central bank was forced to re-establish its hawkish stance with further rate hikes to keep inflation expectations from being unhinged again ... The buoyant financial and real assets reversed much of the hard work as inflationary expectations accelerated again and forced central banks to tighten ... path, Korea's central bank stuck to the FOMC script.

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Central bankers curb their enthusiasm for rate hikes

Gulf News 05 Feb 2023

Waning global enthusiasm for aggressive interest-rate increases may dominate the dozen or so central-bank decisions due in the coming week ... Poland’s central bank has already halted rate increases and will probably ratify that view on Thursday, while its Romanian counterpart may decide to do the same.

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Grave concerns shared by many as Israeli coalition agreements turn into policy - opinion

The Jerusalem Post 05 Feb 2023

First, a Palestinian Authority, weakened by both its failings and Israeli policy, has already lost control over major swaths of territory ... ON THE Israeli side, emboldened by the composition of the government and its annexationist policy, West Bank settlers increasingly engage in violence against Palestinians ... Agreements become policy.

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Who Wanted Buhari’s Visit to Kano Cancelled?

This Day 05 Feb 2023

Shortly before the scheduled visit, Governor Abdullahi Ganduje had written to President Buhari asking him to postpone the visit to the state on account of purported security concerns occasioned by the naira redesign policy of the Central Bank of Nigeria (CBN) ... redesign policy.

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Hoarding of Naira Notes: Zulum Threatens to Revoke Banks’ Land Allocations

This Day 05 Feb 2023

*ICPC arrests bank officials over sabotage ... Following the alleged hoarding of the naira notes by the banks, the Borno State Governor, Professor Babagana Zulum, has directed banks in the state to dispense the new notes via Automated Teller Machines (ATMs) and banking halls or risk losing their lands to the state government.

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Arvest program offers loans, financial education for those starting out

Arkansas Democrat-Gazette 05 Feb 2023

Arvest Bank is stepping up to meet those needs with a wholly owned non-bank subsidiary, the Arvest Opportunity Fund, to provide lending, counseling and financial education to borrowers who fall below standard bank-lending policies.

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Why Britain’s falling house prices will not bounce back

The Daily Telegraph 05 Feb 2023

In the 10 years from 2012 to 2022, the share of mortgage borrowers on variable rates – which fluctuate in response to changes in the Bank Rate – plunged from 71pc to 15pc, according to Capital Economics ... However, if the Bank Rate rises to a higher peak of 4.5pc, housing affordability will still be as bad as in 2008 by the end of 2024.

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Kimberly Palmer: How to safely use payment apps

Decatur Daily 05 Feb 2023

"Fraudsters continue to get better at what they do," says Joel Williquette, senior vice president of operational risk policy at Independent Community Bankers of America, a trade group for community banks. That includes sending emails that are almost indistinguishable from legitimate banking emails.

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Saudi non-oil private sector activity jumps in January on higher output, orders

Reuters 05 Feb 2023

The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index increased to 58.2 in January, from 56.9 in the previous month and well above the 50 mark separating growth from contraction ... Macro MatterscategoryJapan's biggest banks to raise housing loan rates after BOJ's policy tweak, article with galleryDecember 30, 2022.

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Japan needs stable, sustained inflation, government executive says

Reuters 05 Feb 2023

TOKYO, Feb 5 (Reuters) - Japanese Deputy Chief Cabinet Secretary Seiji Kihara on Sunday stressed the need to achieve an economy where inflation rises stably and sustainably, when asked whether the next central bank governor should maintain ultra-easy monetary policy.