Search For "central bank"
India to create a cross-border retail payment platform with four ASEAN cou
Updated : 1 year, 8 months ago IST
As per a statement from the Reserve Bank of India (RBI), an agreement was signed by the BIS and the central banks of the founding countries -- Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on Sunday (
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"India is at the threshold of a major structural shift in its growth traje
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], June 26: India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber of Commerce & Industry.
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CBUAE projects UAE's real GDP growth to reach 6.2 per cent in 2025
Updated : 1 year, 8 months ago IST
Data for Q1 2024 indicated that Dubai sustained its role as a top international tourism hub. The emirate's hotel occupancy rates stood at 83 per cent, equal to the previous year's figures, while the average duration of stay per visitor was almost unchanged at 3.9 nights, yet there was a 2 pe
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IRIS Business Services awarded the prestigious 'Global Central Banking Awa
Updated : 1 year, 8 months ago IST
Navi Mumbai (Maharashtra) [India] June 19: Global RegTech company, IRIS Business Services Limited (BSE: 540735) has received the prestigious 'Global Central Banking Award 2024' for Technology Services in London.
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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Presidential elections influencing financial strategies, economic forecast
Updated : 1 year, 9 months ago IST
The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
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CBUAE's gold reserves see 12.6 per cent YoY growth by end of March 2024
Updated : 1 year, 9 months ago IST
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
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With strong job growth, rate cuts by US Fed before polls unlikely: Jefferi
Updated : 1 year, 9 months ago IST
With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this y
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UAE: CBUAE maintains base rate at 5.40 per cent
Updated : 1 year, 9 months ago IST
This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.
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UAE: General Budget Committee discusses draft general budget for fiscal ye
Updated : 1 year, 9 months ago IST
The meeting, held at Qasr Al Watan in Abu Dhabi, was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; and Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), in addition to r
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European Central Bank cuts key interest rates, first since 2019
Updated : 1 year, 9 months ago IST
The European Central Bank (ECB) cut the key interest rates for the first time in five years on Thursday. It reduced three key policy rates by 25 basis points (100 basis points is equal to 1 percentage point).
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Rate cut expected in Q3FY25, liquidity management will be a challenge for
Updated : 1 year, 9 months ago IST
This projection stands out as an exception compared to the trend observed in other emerging economies, where central bank rate actions typically mirror those of advanced economies.
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