Latest News for: Banking policy

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Banks, investment firms have not acted fairly towards Ghanaian investors – Dr. Atuahene

Joy Online 01 Dec 2022
Their failure to do so, he says, has led to several Ghanaian bond holders losing huge chunks of their investments due to the directive by the Bank of Ghana that banks implement the mark-to-market policy on bond investments.
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CRANE ON THE CASE: Investec says it won't renew my 93-year-old mum's savings as she ...

The Daily Mail 01 Dec 2022
Our reader has been told his mother's Investec savings account will be closed when it matures, if she can't provide the bank with a passport or driving licence ... While I wanted to raise awareness of this issue, I am sorry to report that the bank stood firm on its ID policy, and you and your mother will not be able to keep your Investec account.
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Bank of Mexico upbeat on inflation, growth; end of rate hike cycle in view

Reuters 01 Dec 2022
Goldman Sachs economist Alberto Ramos said the hiking cycle would likely conclude with the terminal nominal policy rate at around 11%, "which would be consistent with a real-ex-ante policy rate 200 basis points above the 3.4% upper-limit of the central bank real neutral range at end-2022.".
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US Central Bank Hints at Less Severe Interest Rate Hikes

Beijing News 01 Dec 2022
central bank could begin cutting rates next year as the economy slows ... 13-14 meeting, the central bank will have lifted its overnight policy rate from near zero as of March to the 4.25%-4.50% range, the swiftest change in rates since former Fed Chair Paul Volcker was battling an even worse rise in prices decades ago.
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Fed's Powell: Rate hikes to slow, but adjustment just beginning

The Times of India 01 Dec 2022
central bank could begin cutting rates next year as the economy slows ... With the coming half-percentage-point increase the central bank will have lifted its overnight policy rate from near zero as of March to the 4.25%-4.50% range, the swiftest change in rates since former Fed Chair Paul Volcker was battling an even worse rise in prices.
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JANNIE ROSSOUW: Beware of queflation

Business Day 01 Dec 2022
Inflation was expected to disappear like magic, without any policy action ... Due to this mistaken view, central banks in many developed economies fell behind the curve in tightening monetary policy ... It is exemplary that the SA Reserve Bank did not make the same mistake. The country’s central bank acted diligently and timely.
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Fed expects to slow rate hikes as soon as December

La Prensa Latina 01 Dec 2022
“The time for moderating the pace of rate increases may come as soon as the December meeting” of the Federal Open Market Committee (FOMC), the US central bank’s monetary policy-making body ... In justifying the central bank’s focus this year on tightening ...
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India to receive over record $100 billion in remittances in 2022: World Bank

Gulf News 01 Dec 2022
In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 per cent, putting its inflows ahead of China, Mexico and the Philippines ... Such policies have global impacts through remittances and must be continued," said Michal Rutkowski, World Bank Global Director for Social Protection and Jobs.
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Rate hikes to slow, but adjustment just beginning, says Fed’s Jerome Powell

Financial Express 01 Dec 2022
central bank could begin cutting rates next year as the economy slows ... With the coming half-percentage-point increase the central bank will have lifted its overnight policy rate from near zero as of March to the 4.25%-4.50% range, the swiftest change in rates since former Fed Chair Paul Volcker was battling an even worse rise in prices.
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India to receive over record USD 100 billion in remittances in 2022: World Bank

The Siasat Daily 01 Dec 2022
In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 per cent, putting its inflows ahead of China, Mexico and the Philippines ... Such policies have global impacts through remittances and must be continued,” said Michal Rutkowski, World Bank Global Director for Social Protection and Jobs.
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US stocks rally, dollar retreats as Powell shifts tone on rate hikes

Korea Times 01 Dec 2022
Federal Reserve Chair Jerome Powell speaks at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institute on Wednesday, Nov ... Wall Street stocks soared and the dollar fell Wednesday after Federal Reserve Chair Jerome Powell signaled a shift from the central bank's aggressive policy to counter inflation.
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Emerging market policymakers dare to hope for brighter 2023

The Philadelphia Inquirer 01 Dec 2022
South Korea's central bank governor also struck an optimistic ... Governor Rhee Chang-yong revealed that the bank expected its policy rate t...
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Seoul shares open sharply higher on Powell remarks

Korea Times 01 Dec 2022
time), Powell indicated the Fed could slow down the pace of its rate hikes, cementing the view that the central bank will go with a 50 basis point hike in its December monetary policy meeting.
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Billy Joel tickets, celebrity drumheads up for auction by Long Island Cares

Newsday 01 Dec 2022
Music icon and philanthropist Billy Joel has donated tickets to his Dec. 19 residency show at Madison Square Garden for Long Island Cares' Harry Chapin Food Bank fundraiser. privacy policy ... 27, 2014 ... Quick Links ... Privacy Policy .Subscription terms .Cookie Settings .About Us .Reprints & permissions .Help ....
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School District OKs new weapons policy for staff

Elko Daily Free Press 01 Dec 2022
ELKO – A new weapons policy for employees is now in effect for the Elko County School District prohibiting them for carrying guns and additional weapons -- including stun guns -- within school facilities unless they are law enforcement, but the policy also allows Superintendent Clayton Anderson to approve exceptions.

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