Search For "central bank"
China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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Headline inflation moderating but remains above targets of central banks:
Updated : 2 years, 11 months ago IST
He said the banking and non-banking financial service sectors in India remained healthy and financial markets evolved in an orderly manner
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RBI decides to keep repo rate unchanged at 6.5 pc
Updated : 2 years, 11 months ago IST
Five out of six members of MPC voted to remain focused on withdrawal of accommodation to ensure inflation aligns with target while focusing on growth, RBI Governor Shaktikanta Das said on Thursday. The Monetary Policy Committee of the central bank decided to take a pause after a rate hike
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Mayhem in Pakistan amid rising inflation, cost-of-living
Updated : 2 years, 11 months ago IST
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
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Pak Finance Ministry warns inflation to increase further
Updated : 2 years, 11 months ago IST
According to Pakistan's newspaper, the second-round effect of the policy decision had led to decisions like a rise in energy and fuel prices, the central bank's policy rate, and the rupee's depreciation to secure International Monetary Fund's funding.
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UAE participates in 2nd International Financial Architecture Working Group
Updated : 2 years, 11 months ago IST
G20 members invited countries, and international organisations attended the meeting. The UAE delegation included Ahmad bin Sulaiman, Director of the Federal Debt Management Office at the Ministry of Finance, and Khalifa Al Faheem, Senior Director of Monetary Operations and Monetary Managemen
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Greater risk of rupee weakness; RBI could press hard on brakes: Moody's
Updated : 2 years, 11 months ago IST
The risk of weakness in currencies in the emerging economies in Asia is worrisome, and more so the risk is greater in India with a new bout of rupee weakness, which could force its central bank Reserve Bank of India to "press harder on the brakes", according to Moody's Analytics.
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Indian stocks decline on US central bank's continued interest rate hike
Updated : 2 years, 11 months ago IST
Indian stocks fell Thursday during the morning trade in line with weakness in the US markets, which declined sharply overnight as the US Federal Reserve went ahead with its further monetary policy tightening to bring down inflation to its target-- even as volatility in the banking system
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RBI directs all banks to keep branches open till March 31 for annual closi
Updated : 2 years, 11 months ago IST
The central bank has written a letter to all the agency banks that they should keep their designated branches open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2023.
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US, EU, Japan central banks join hands to keep dollars flowing: CNN Busine
Updated : 2 years, 12 months ago IST
"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements," the central b
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Sri Lanka govt debt rose to 115.2 pc of GDP by 2022-end: Report
Updated : 2 years, 12 months ago IST
The gross debt of Sri Lanka's central bank was roughly 4.66 per cent of the GDP. Moreover, the central bank used special drawing privileges that required interest payments.
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RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 2 years, 12 months ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
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