Latest News for: Banking policy

Edit

Bank of Japan steps in, but effect on yen unclear

China Daily 29 Sep 2022
As long as the BOJ continues to maintain its current monetary policy, the general trend of the yen's depreciation will be difficult to reverse, and Japan's exchange rate intervention is in effect paying for its central bank's monetary policy ... central bank over financial policies.
Edit

UK central bank intervenes in market to halt economic crisis

Korea Times 29 Sep 2022
A view of The Bank of England in London, on Sept ... The Bank of England took emergency action Wednesday to stabilize U.K ... financial stability," the bank said in a statement ... The bank was able to step in immediately with bond purchases because its Financial Policy Committee has a mandate to ensure the stability of the financial system.
Edit

CBN: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due

This Day 29 Sep 2022
The CBN at the 287th meeting of its Monetary Policy Committee (MPC) had raised ... Ozoemena Nnaji, said the central bank was ramping up its policy on increasing foreign exchange supply by looking at other avenues of attracting investment from the diaspora into the Nigerian economy.
Edit

IMF tells UK to rethink tax cuts as Moody's says rating at risk

The Times of India 29 Sep 2022
The IMF said fiscal stimulus is inappropriate given the inflation pressures in the UK economy, and the package risks making life harder for the Bank of England ... Kwarteng is due to defend his policy in a meeting with US bank executives in London on Wednesday.
Edit

ADB: China's economy to stay resilient

China Daily 29 Sep 2022
... COVID-19 on the economy will remain, and the recovery of domestic demand will rely on continuous strengthening of policies to stabilize growth and continuous optimization of pandemic control policies, said the Bank of China Research Institute in a report published on Wednesday.
Edit

India heads for its third half-point hike as rupee slumps | Mint

Live Mint 29 Sep 2022
India’s central bank is expected to increase its policy rate by half a point for the third time in a row as the currency’s plunge to a record low this month complicates the battle against inflation. The Reserve Bank of India’s ... Within and beyond the Reserve Bank’s policy ambit.
Edit

Will RBI rate hike serve as dampener to the economic momentum? What experts say | Mint

Live Mint 29 Sep 2022
Amidst expectation of 50 basis points hike in interest rate to check inflation, the Reserve Bank of India's rate-setting panel has started deliberations on the keenly awaited monetary policy ... of more than half of the 140-basis point policy rate hike by the central bank.
Edit

Oil edges lower as slowdown, dollar outweigh supply concerns

Gulf News 29 Sep 2022
Oil slipped as global recessionary concerns, tighter monetary policy and a stronger US dollar overshadowed supply issues ... Top central banks including the US Federal Reserve are set to keep tightening monetary policy, even if there are negative repercussions ... European Central Bank ...
Edit

Central banks flinch as UK bond market faces collapse

Asiatimes 29 Sep 2022
That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks ... That’s because government bond targets take the brunt of the impact of central bank tightening and reflect all the uncertainty associated with monetary policy.
Edit

Inflation, weak currency… we are not out of the woods yet: Mitul Kotecha

The Times of India 29 Sep 2022
What is the Bank of England essentially trying to do? Two weeks ago they were talking about fighting inflation; now they are coming back and are intervening ... So there are clearly risks to this policy but the reaction by the Bank of England is really just to deal with market dislocations and volatility which have been fairly intense in recent days.
Edit

Turkey's Erdogan hopes policy rate will come down to single digits by year-end

Reuters 29 Sep 2022
ISTANBUL, Sept 28 (Reuters) - Turkish President Tayyip Erdogan on Wednesday said he hopes the central bank's monetary policy committee will deliver another cut to its ...
Edit

Bank of England papers over UK crisis, for the time being only

Irish Independent 29 Sep 2022
on whatever scale is necessary”, but nobody was fully reassured, especially with no sign that Truss or Kwarteng is backing down.With Truss due to address the Conservative Party conference next week and Kwarteng so far sticking to his plan to cost the mini-budget only in ...
Edit

China offers loans of $42 billion for infrastructure spending

FX Empire 29 Sep 2022
BEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday ... The Export-Import Bank of China has offered its 50 billion yuan, totally funding 106 major projects, the newspaper said.
Edit

State Bank rate hike necessary to defend VN đồng, control inflation

Vietnam News 29 Sep 2022
The State Bank of Việt Nam revised up several interest rates by 1 per cent, starting from September 23 ... Throughout Asia, monetary policy tightening has accelerated as central banks in the region have hiked rates to curb inflation and safeguard financial stability and as a reaction to aggressive rate hikes of the Fed, ECB and others.
Edit

The GBP/USD Is Back in the Red After BoE Fueled Wednesday Rally

FX Empire 29 Sep 2022
On Wednesday, the Bank of England stepped in to calm the markets and restore confidence in the Pound. the ‘Gilt Market Operations,’ the BoE released details of the Bank’s purchases of longer-dated UK government bonds ... “The Bank will carry out purchases of long-dated gilts in a temporary and targeted way ... The Bank added,.

Most Viewed

A fighter jets Chengdu J-20 during 2022 Changchun Air Show, Jilin Province, China
Creative Commons / N509FZ https://creativecommons.org/licenses/by-sa/4.0/deed.en
×