Search For "central bank"
Domestic stocks to track lower global cues next week
Updated : 2 years, 10 months ago IST
The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The increase lifted the Fed's benchmark federal funds rate to a range of 5 per cent to 5.25 per cent, the highest level since 2007.
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ECB hikes interest rates by 25 bps in fight against inflation
Updated : 2 years, 10 months ago IST
In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
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UAE's Central Bank raises base rate at 25 basis points
Updated : 2 years, 10 months ago IST
The event, running under the theme, "Digital Transformation & Trade in the New World Economy", is taking place tomorrow, 4th May 2023, at the Museum of the Future in Dubai.
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Pakistan: Credit to private sector decreases fivefold, Government borrowin
Updated : 2 years, 10 months ago IST
Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
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UAE, Morocco review strengthening financial, economic cooperation
Updated : 2 years, 10 months ago IST
Alongside Al Hussaini, the meeting was attended by Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); and Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD); as well as several senior officials from both parties.
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Lebanon, six other states accuse Lebanese Central Bank governor of embezzl
Updated : 2 years, 10 months ago IST
Riad Salameh, the long-serving Governor of the Central Bank of Lebanon has been accused by the relevant authorities of Lebanon, France, Belgium Germany, Switzerland, Luxembourg and Lichtenstein of financial crimes and of laundering more than USD 330 million.
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Central Bank of India profit jumps over 84 pc to Rs 571 crore in fourth qu
Updated : 2 years, 10 months ago IST
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
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Markets next week: Focus on Adani stocks, auto sales, Federal Open Market
Updated : 2 years, 10 months ago IST
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
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UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 2 years, 10 months ago IST
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the UAE delegation, which will include Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); Younis Haji Al Khoori, Undersecretary of Ministry of Finance; and Ibrahim Obaid Al Zaabi, CBUAE's A
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RBI Governor to address global conference on 'Financial Resilience' tomorr
Updated : 2 years, 10 months ago IST
The conference with the theme -- Financial Stability: Framework, Monitoring and Implementation -- is being organised by the College of Supervisors in collaboration with the Centre for Central Banking Studies (CCBS), Bank of England, London.
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Inflation moderating in Asia, central banks may start cutting interest rat
Updated : 2 years, 10 months ago IST
Inflation in Asia is moderating and the central banks in the region are likely to cut interest rates to support economic growth come the fourth quarter of 2023 (October-December), Morgan Stanley said in a report.
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Pakistan govt borrows PKR 239 billion credit from State Bank of Pakistan:
Updated : 2 years, 10 months ago IST
According to the State Bank of Pakistan Act amended in 2022 on the dictation of the International Monetary Fund (IMF), government borrowing from the central bank is banned.
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