Latest News for: Banking policy

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Emefiele Apologises for Deluge of Online Transactions’ Failure

This Day 22 Mar 2023
Addressing journalists at the end of the two-day meeting of the committee in Abuja, Emefiele, however, noted that the bank retained other monetary policy parameter including bank’s Cash Reserve Requirement (CRR) at a minimum of 32.5 per cent as well as the Liquidity Ratio (LR) at 30 per cent.
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Bond Sales: PNB, IOB & DCB Bank may face higher funding costs

The Times of India 22 Mar 2023
Punjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank may have to negotiate higher funding costs as these lenders seek to sell bonds amid a global turmoil caused by the Swiss regulator's write-down of nearly $17 billion of Additional Tier 1 (AT-1) instruments in the Credit Suisse bailout ... Policy Rate Trajectory.
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Wall Street ends green on bank bounce as Fed takes focus

The Times of India 22 Mar 2023
... on Wednesday with a 25 basis-point hike to its policy rate ... At last glance, financial markets have now priced in an 83.4% likelihood of a 25 basis-point rate hike, and a 16.6% probability that the central bank will leave its policy rate unchanged, according to CME's FedWatch tool.
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S&P 500, Nasdaq Post Significant Gains as Investors Turn Attention to Fed’s Policy Meeting

FX Empire 22 Mar 2023
The banking sector saw a rebound on Tuesday as concerns over liquidity subsided ... stock indexes saw a significant increase as concerns over liquidity in the banking sector subsided and investors turned their attention towards the Federal Reserve’s policy meeting, which is expected to conclude with a 25 basis-point hike to its policy rate.
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Fed facing a blurrier outlook as it meets to weigh rate hike

The Associated Press 22 Mar 2023
How to restore calm to a nervous banking system ... That would be less than the half-point hike that many economists had expected before the recent collapse of two large banks ... One goal of a series of emergency steps the Fed announced Sunday to bolster the banking system is to allow it to separately address inflation through its rate policies.
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USD/JPY in the Need of a Hawkish Fed to Route a Return to 134

FX Empire 22 Mar 2023
The lack of stats leaves market risk appetite and sentiment toward monetary policy in focus. Easing banking crisis fears supported a USD/JPY return to 132 on Tuesday ... With the Bank of Japan supporting ultra-loose monetary policy near term, further monetary policy divergence will be Fed-dependent, placing more emphasis on the FOMC projections.
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GBP to USD Forecasts: Bulls Eye $1.2350 on UK Inflation and the Fed

FX Empire 22 Mar 2023
With the Bank of England delivering its March monetary policy decision tomorrow, the UK CPI Report could materially impact sentiment toward monetary policy and the Pound ... Investors should track Bank of England member commentary with inflation and Brexit in the spotlight ... The banking crisis took a 50-basis point Fed rate hike off the table.
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Dollar subdued ahead of Fed rate decision

The Times of India 22 Mar 2023
Federal Reserve's policy meeting, with investors awaiting clarity on the path the central bank is likely to take in the wake of global banking turmoil ... Investor sentiment remained fragile with worries over the outlook for the banking sector starting to ease after sharp volatility in the market in the past few weeks following high-profile U.S.
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Nifty to reclaim 17,200 or bears to grip D-St? Check crude oil, US markets, FII data, more before market opens

Financial Express 22 Mar 2023
Gaining buoyancy from a slew of measures to shield the banking sector, global markets witnessed recovery ahead of the US Fed policy announcement on Wednesday ... Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market ...
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US Dollar Index Investors Await Clarity on Fed’s Plans Amid Banking Turmoil

FX Empire 22 Mar 2023
US dollar index near 5-week low ahead of Federal Reserve’s policy meeting ... Investors await clarity on the central bank’s plans following recent banking sector turmoil ... On Wednesday, the US dollar remained near five-week lows ahead of the conclusion of the US Federal Reserve’s policy meeting.
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Who does Sen. Mike Lee blame for inflation?

Deseret News 22 Mar 2023
Lee aired his grievances about the Federal Reserve this weekend, saying it is to blame for inflation and questioning its role in monetary policy ... Mike Lee aired his grievances about the Federal Reserve over the weekend, saying the central bank is to blame for inflation and questioned its role in monetary policy.
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Gold ticks higher as investors brace for Fed rate verdict

The Times of India 22 Mar 2023
Federal Reserve's interest rate decision and policy outlook ... * Markets will also take stock of the February UK inflation data, also due on Wednesday ahead of the Bank of England's monetary policy decision on Thursday ... banks suffering deposit runs that threaten more contagion amid the worst financial system turmoil in more than a decade.
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Asia shares hope for best as Fed decides on rates

The Times of India 22 Mar 2023
Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with uncertainty over the outlook for U.S. interest rates as the Federal Reserve holds a high-stakes meeting on policy ... Treasury Secretary Janet Yellen to calm nerves seemed to be working with bank shares rallying overnight.
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Back-to-Back Bank Closures: The Fallout From the Failures of Silicon Valley Bank and Signature Bank

The American Spectator 22 Mar 2023
Two large regional banks failed within a period of only two days, Silicon Valley Bank (SVB) on March 10, and Signature Bank on March 12. Both banks had a combined aggregate asset size of $319 billion as of Dec ... This is another misguided Fed policy action, as it allows banks to offload securities with below-par market values onto the Fed at par value.
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SGX Nifty trades flat; here's what changed for market while you were sleeping

The Times of India 22 Mar 2023
Wall Street closed sharply higher on Tuesday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting on Wednesday with a 25 basis-point hike to its policy rate.

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