Latest News for: Banking policy

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Turkey holds rates steady despite inflation rise

Al Jazeera 06 May 2021
... monetary policy, as central bank governor ... Foreign investors have fled Turkish assets and dumped the lira since March 20 when President Erdogan sacked the-then central bank chief, respected policy hawk Naci Agbal, driving up trade-related inflation for import-dependent Turkey.
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KVG Bank bags PFRDA awards

Business Line 06 May 2021
The bank enrolled 78,129 policies under PMJJBY, 94,658 policies under PMSBY, and 68,961 accounts under APY during the financial year 2020-21 ... The bank has enrolled a cumulative of 51,41,524 policies under PMJJBY, 11,89,321 policies under PMSBY, and 2,06,214 accounts under APY ...
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Shareholders want Standard Bank to set targets for reducing financing of fossil fuels

Independent online (SA) 06 May 2021
Such targets would also be in line with the bank’s support of the Paris Agreement, they said ... Standard Bank has a Coal-Fired Power Finance Policy, and a Thermal Coal Mining Policy. In December last year, the bank released its first climate-related financial disclosures report, and a Fossil Fuels Financing Policy.
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CSOs, green groups to ADB: be a bank for sustainable Asian development

Journal Online 06 May 2021
For his part, NGO Forum on ADB Executive Director Rayyan Hassan said ADB must use its ongoing Energy Policy updating as opportunity to establish its sustainable development and climate action leadership among other multilateral development banks ... policy update process and beyond.
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Here’s what else the RBI can do as pandemic rages on

The Times of India 06 May 2021
The Reserve Bank of India’s loan relief and liquidity injection plans unveiled Wednesday raise the question ... Benchmark rates have remained unchanged for a year amid sticky inflation, so the RBI has relied on a string of unorthodox policies ... That would allow policy makers to keep rates lower for longer, even if they don’t cut further.
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Turkey's Central Bank keeps interest rates steady

Anadolu Agency 06 May 2021
"Taking into account the high levels of inflation and inflation expectations, the current monetary policy stance will be maintained until the significant fall in the April Inflation Report forecast path is achieved," the bank's Monetary Policy Committee said in a statement.
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Will Lloyds pay a dividend in 2021?

The Motley Fool 06 May 2021
Lloyds Banking Group (LSE ... Last year, however, the FTSE 100 bank was forced to suspend its dividend by the Bank of England. The regulator wanted to ensure that UK banks had enough capital on hand to support the economy during the coronavirus pandemic ... However, right now, Lloyds is still restricted by the Bank of England’s policy on bank dividends.
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Bank of England expects best year for UK economy since 1941

Rapid City Journal 06 May 2021
In a prepared statement Thursday, the nine-member Monetary Policy Committee said it will maintain the bank's main interest rate at 0.1%. The unanimous and widely anticipated decision means that interest rates will remain at the lowest level in the bank's 327-year history ... The bank is now projecting U.K.
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BoE: UK economy to grow 7.25% in 2021 as Covid curbs ease

The National 06 May 2021
The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 8-1 to maintain the amount of quantitative easing at £895bn.https.//t.co/QWJDoHlg4v #MonetaryPolicyReport #BankRate pic.twitter.com/9LenVPxvpe — Bank of England (@bankofengland) May 6, 2021 ... More on the Bank of England.
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China's central bank injects liquidity into market in April

China.dot.org 06 May 2021
The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral ... China's central bank has pledged to make its prudent monetary policy more targeted and ...
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Bank of England maintains rates, voices optimism on recovery

Rapid City Journal 06 May 2021
LONDON (AP) — The Bank of England will keep interest rates on hold and has grown more optimistic about the economic recovery in the U.K ... In a prepared statement Thursday, the nine-member Monetary Policy Committee said it will maintain the bank's main interest rate at 0.1%.
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Bank of England expected to predict faster recovery as economy strengthens – business live

The Guardian 06 May 2021
Bank of England meeting today Economists expect BoE to raise growth forecasts ... Bank of England today ... The Bank of England (BoE) remains a long way off tightening monetary policy, but could be one of the first central banks to signal it’s thinking about it, possibly in early 2022.
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Bank of England raises UK growth outlook as rates held at 0.1%

Belfast Telegraph 06 May 2021
The rosier view for the economy this year came as the Bank’s Monetary Policy Committee (MPC) held interest rates at 0.1%. The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 8-1 to maintain the amount of quantitative easing at ...
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Bank of England maintains rates, boosts growth expectations

Rapid City Journal 06 May 2021
LONDON (AP) — The Bank of England will keep interest rates on hold and has grown more optimistic about the economic recovery in the U.K ... In a prepared statement Thursday, the nine-member Monetary Policy Committee said it will maintain the bank's main interest rate at 0.1% ... The bank is now projecting U.K.
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Bank of England sees faster economic rebound, slows its bond buying

Metro USA 06 May 2021
“While the Bank of England is clearly more positive about the UK economy in the near-term, the Monetary Policy Committee also has significant uncertainties about the longer-term outlook and are seemingly in no hurry to tighten monetary policy,” Howard Archer, an economist with forecasters EY Item Club, said.
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