Banking Policy

Latest News for: Banking policy

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Understanding CBN Perspectives on RT200

This Day 29 Jun 2022

According to the CBN policy guidelines for RT200 released in February 2022, it is a non-oil exports proceeds repatriation rebate scheme that is part of the apex bank’s effort to reduce exposure to volatile sources of FX and to earn more stable and sustainable inflows of FX into the country.

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China adding stimulus to boost demand

China Daily 29 Jun 2022

Their comments came after Yi Gang, governor of the People's Bank of China, the country's central bank, said monetary policy will remain accommodative to support economic recovery, given the downward pressures on growth due to COVID-19 and external shocks from outside the country.

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BOK likely to lean more toward 'big-step' rate hike should June inflation hit 6%: official

Korea Times 29 Jun 2022

It is rare for a BOK official to predict such an aggressive rate hike, though a growing number of market watchers are speculating that the central bank will lean more toward the possibility of a 0.5 percentage-point hike when monetary policy board members gather on July 13 in the face of the fast-rising inflation pressure.

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BOJ's Kuroda vows to keep easy policy as Japan less affected by global inflation

Reuters 29 Jun 2022

TOKYO, June 29 (Reuters) - The Bank of Japan will maintain its ultra-loose monetary policy as the economy has not been affected much by the global inflationary trend, Governor Haruhiko Kuroda said, stressing the country's 15-year experience with deflation is keeping wage growth subdued.

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Japan's central bank caught in a bind

China Daily 29 Jun 2022

The Bank of Japan, the country's central bank, is putting itself in a bind by sticking to its monetary easing ... Japan's debt-to-GDP ratio stood at 177 percent at the end of 2021, with about 50 percent of government bonds held by the central bank ... That makes it hard for Japan's central bank to respond to rising inflation by tightening policy.

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BOJ’s Kuroda vows to keep easy policy as Japan less affected by global inflation

FX Empire 29 Jun 2022

TOKYO (Reuters) -The Bank of Japan will maintain its ultra-loose monetary policy as the economy has not been affected much by the global inflationary trend, Governor Haruhiko Kuroda said, stressing the country’s 15-year experience with deflation is keeping wage growth subdued.

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BERKSHIRE HILLS BANCORP, INC. ANNOUNCES PRICING OF SUBORDINATED NOTES OFFERING

Eagle-Tribune 29 Jun 2022

there may be increases in competitive pressure among financial institutions or from non-financial institutions; the net interest margin is subject to material short-term fluctuation based upon market rates; changes in deposit flows, loan demand or real estate values may affect ...

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Approval By Mandatory Provident Fund Schemes Authority ("MPFA") Of ICBC CSOP FTSE Chinese Government And ...

Malaysian National News Agency 29 Jun 2022

Approval By Mandatory Provident Fund Schemes Authority ("MPFA") Of ICBC CSOP FTSE Chinese Government And Policy Bank Bond Index ETF As Approved Index-Tracking Collective Investment Schemes ("ITCIS") ... that ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (ticker.

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BoG elected Vice-Chair of African Financial Inclusion Policy Initiative

Modern Ghana 29 Jun 2022

Bank of Ghana (BoG) has been elected as the Vice Chair of the African ...

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Bed Bath & Beyond turning off AC in stores to save money: report

New York Post 29 Jun 2022

The struggling home goods chain — which reported a steep decline in sales last quarter — is turning down the air-conditioning in its stores in an effort to cut costs, according to Bank of America analysts who have visited the stores ... Bank of America analysts who visited the stores found the cost-cutting measures.

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Boots auction pulled as debt costs rise for private equity bidders

Irish Independent 29 Jun 2022

Walgreens Boots Alliance's move to call off the sale comes as private equity bidders Apollo Global and TDR faced headwinds in raising financing for the deal, several sources have said.Banks were wary of underwriting large chunks of the financing due to tough market ...

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Crypto crash leads to firesale of hardware

The Times of India 29 Jun 2022

Ultra-accommodative monetary policies by central banks in the developed world, which weighed down their currencies, have been one of the drivers of the demand for cryptos, which benefited from the perception of lower supply ... A mining 'rig', which is essentially a bank of graphics ...

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Asian stocks lose bounce from shorter China quarantine, slip on inflation fears

The Times of India 29 Jun 2022

But the impact was petering out on Wednesday. "Inevitably, markets tend to overreact to these sorts of news," said Carlos Casanova, senior economist at UBP in Hong Kong ... The yen has struggled as the Bank of Japan keeps monetary policy loose even as other major banks tighten, a point reiterated by BOJ governor Haruhiko Kuroda on Wednesday ... U.S ... .

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Stocks slide on Wall Street as inflation worries persist

Victoria Advocate 29 Jun 2022

Stubborn inflation pressures have driven a stark shift in policy from central banks, which are raising rates to try and temper inflation after years of holding rates down to help economic growth ... Investors are awaiting remarks expected for midweek by central bank leaders including ...

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Markets: Stocks tumble after weak US confidence data as oil gains

Gulf News 29 Jun 2022

New York ... Helping oil, Saudi Arabia and the UAE looked unlikely to be able to lift output much while Western governments agreed to look for ways to cap the price of Russian oil ... In foreign exchange, the euro weakened after European Central Bank President Christine Lagarde offered no fresh insight into the central bank’s policy outlook ... .