Latest News for: Banking policy

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Experts stress H2 policy fine-tuning

China Daily 03 Aug 2021
It reiterated that maintaining policy "stability" will still be the priority. Even though the authorities stressed on a "prudent" monetary policy, there is a high chance the central bank will cut the reserve requirement ratio again in the fourth quarter, having cut it in July, said Iris Pang, ING Bank's chief economist in China.
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Israel's Hapoalim ready to resume regular dividends after one-time payout - CFO

Reuters 03 Aug 2021
That remains in place through September and the Bank of Israel has said it is examining whether to extend this policy or end it by looking at European and other regulators' directives ... He said a regular dividend policy of 40% of net profit remained and that would resume once the central bank's temporary order ended.
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Sanctions and aid can ease Lebanon's economic woes one year after Beirut blast

The National 03 Aug 2021
The US should join the EU and impose a wider sanctions framework that affects individuals in the banking sector while keeping the option open for a sector-wide sanctions regime, according to the policy paper's recommendations ... Triangle's policy research paper recommends the ...
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As headwinds rise, China seen quickening fiscal support to protect growth

Reuters 03 Aug 2021
BEIJING, Aug 3 (Reuters) - China is poised to quicken spending on infrastructure projects while the central bank supports with modest easing steps, as risks from the Delta variant and floods threaten to slow its recovery, policy insiders and analysts said ... The People's Bank ...
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India seen holding rates low, clues awaited on normalising liquidity

Reuters 03 Aug 2021
Opinions are split on when the RBI will start withdrawing the massive rupee liquidity from the banking system which is widely seen as the first step in its policy normalisation process ... Traders however are betting the RBI may hint at delaying policy normalisation due to the threat of a third wave and uncertainty over when the U.S.
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China Traders Add to Easing Bets as Economic Prospects Dim

Caixin Online 03 Aug 2021
(Bloomberg) — Investors are boosting wagers on another round of policy easing in China after a key factory gauge fell in July and virus cases spiked ... The next window for the People’s Bank of China to add to monetary easing appears to be in about two weeks’ time, when 700 billion yuan ($108 billion) of medium-term policy loans mature.
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Dhaka rejects World Bank proposal on integrating Rohingya into Bangladesh

Anadolu Agency 03 Aug 2021
Bangladesh will revise the proposal and scrap those provisions, as it contradicts its policy, the top diplomat said, adding there will be some adjustments to the World Bank’s proposal and a memorandum of understanding will be signed if the bank agrees with the revised proposal.
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As banks push AI, worry about worsening inequality follows

Roll Call 03 Aug 2021
The Bank Policy Institute, another industry group, echoed those sentiments, writing, “AI is a technology like any other, and the risks posed by AI as outlined in the RFI can be managed within existing laws and regulations on the activities in which AI is applied across the financial industry.
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The Start Column: Crowdfunding and financing private companies in Ghana

B & FT Online 03 Aug 2021
The Bank of Ghana in its ‘Crowdfunding Policy’ brief of February 2021 succinctly traced the evolution of crowdfunding when it said ... Drawing on its mandate following the enactment of laws promoting reforms in the financial services sector, the Bank of Ghana has provided a policy ...
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Minister starts process of selling state stake in Bank of Ireland

RTE 03 Aug 2021
The Minister for Finance has started the process of selling the state's shareholding in Bank of Ireland ... The CEO said the restrictions were the 'right thing at the right time' but now was the time for a remuneration policy shift as the government prepares to sell down its near 14% stake in Bank of Ireland.
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AUD/USD and NZD/USD Fundamental Daily Forecast – RBA to Announce Reversal of Plan to Begin Tapering

FX Empire 03 Aug 2021
The Australian and New Zealand Dollars are trading slightly better on Wednesday as traders await the release of the latest Reserve Bank of Australia (RBA) interest rate and monetary policy decisions ... RBA’s July Policy Meeting Recap ... The RBA will release its latest monetary policy rate statement and interest rate decisions at 04.30 GMT on Tuesday.
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The Fed May Taper Its Bond Buying Soon. What That Means for Stocks.

Barrons 03 Aug 2021
It was a different scenario in May 2013, when Ben Bernanke, the Fed’s chief at the time, told Congress that if economic conditions kept improving, and policy makers were confident that would continue, the bank could pare back its buying ... The central bank has telegraphed the change in monetary policy on several occasions.
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Fed Could Start ‘Tapering’ Soon. Don’t Expect It to Cause Havoc for the Stock Market This Time Around.

Barrons 03 Aug 2021
It was a different scenario in May 2013, when Ben Bernanke, the Fed’s chief at the time, told Congress that if economic conditions kept improving, and policy makers were confident that would continue, the bank could pare back its buying ... The central bank has telegraphed the change in monetary policy on several occasions.
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Antipodean currencies jump on central bank talk, US dollar subdued

Metro USA 03 Aug 2021
“That being said, I suspect that the FX investors will continue to position for the gradual removal of Fed policy accommodation and the next big event on the calendar will be the August 26-28 Jackson Hole central bank symposium, which has served as the venue for important Fed policy announcements in the past.”.
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Now get salary, pension credited on Sundays and bank holidays

The Times of India 03 Aug 2021
Starting August 1, all the important banking transactions like salary, pension and EMI payments will happen 24X7, as the National Automated Clearing House (NACH) system has been made available on all days, including Sundays and bank holidays ... So far, banks were enjoying the float, where they used the fund in those two days.

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