Tag: Central Bank
17 Results
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SL economy to recover gradually in second half of 2023: Central bank
The Central Bank of Sri Lanka said that the country's economy plagued by the worst-ever crisis since independence that has plagued the island nation since early 2022, is expected to recover gradually from the second half of this year.
January 5, 2023 -
“Russia will not sell oil at lower price cap,” says Putin
According to Russia's central bank, crude oil exports accounted for Euro113 billion in 2021, on top of the Euro70 billion earned from refined products, such as gasoline and diesel.
October 12, 2022 -
RBI increases repo rate by 50 bps to cool inflation, 3rd hike in row
Raising interest ordinarily stifle interest in the economy, accordingly assisting inflation decline. The three- day monetary policy committee financial approach council meeting initiated on Wednesday.
August 5, 2022 -
Philippine central bank hikes interest rate to 2.5%
He said the BSP is prepared to take all necessary policy action to bring inflation toward a target-consistent path over the medium term and deliver on its primary mandate of price stability.
June 23, 2022 -
Russian central bank lowers key rate to 14%
The bank's monetary policy aims to take into account the need for a structural transformation of the economy and will ensure a return of inflation to target in 2024.
April 30, 2022 -
Govt seeks to seize Russia’s assets: Ukrainian PM Denys Shmyhal
Ukrainian Prime Minister Denys Shmyhal said his country is willing to seize Russian assets to finance Kiev's post-war recovery
April 29, 2022 -
SL tightens monetary policy with significant increase of interest rates
Sri Lanka has for days been facing public protests calling for immediate measures to be taken by the government to solve the economic
April 9, 2022 -
S.Korea’s foreign currency trading hits record high in 2021
The daily average trading of foreign currencies and foreign exchange derivatives, made by foreign exchange banks, came in at $58.3 billion in 2021
January 26, 2022 -
Central banks cannot be equitable
The rich can borrow cheaply because they have collateral,whereas the poor pay much higher interest rates because of higher credit risks
August 28, 2021 -
Banks’ exposure to better-rated large borrowers declining
In case of a severe stress scenario, the GNPA may rise to 11.22 per cent, although SCBs have sufficient capital, both at the aggregate and individual level, even under stress.
July 4, 2021 -
RBI becomes world’s first central bank to have a million followers on Twitter
It is followed by the Banco de Mexico (Bank of Mexico) as a distant second with 774,000 followers.
November 23, 2020 -
Coronavirus Outbreak: RBI joins Central Banks pledge to calm financial markets if needed
The central bank’s statement comes after the number of fresh cases of coronavirus is on a rise.
March 3, 2020 -
RBI Governor says central bank will look into issues of MSMEs
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the central bank has formed a committee to look into issues of the Micro, Small and Medium Enterprises (MSMEs).
January 7, 2019 -
Prompt corrective action?
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
December 17, 2018 -
RBI expected to hold key interest rate
At its first bi-monthly monetary policy review of the new fiscal, the RBI is expected to continue with its stance of the previous year when the central bank kept its key interest rate unchanged at 6 per cent over three successive reviews. Although hopeful of a cut in the Reserve Bank of India’s repo, or...
April 3, 2018 -
RBI revamps asset resolution framework
In its continuous efforts to expedite and ease out the resolution process of huge bad loans in the banking sector, the Reserve Bank of India (RBI) has announced a complete overhaul of the asset resolution framework. The new framework is expected to help with early recognition and resolution of bad loans by immediately withdrawing existing...
February 13, 2018 -
Govt seeks Rs 13,000-cr surplus from RBI
The government has not asked the Reserve Bank of India (RBI) to pay any special dividend and is only seeking Rs 13,000 crore of surplus lying with the central bank, Economic Affairs Secretary Subhash Chandra Garg has said. In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June...
November 20, 2017