Search For "monetary policy"
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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Indian stock indices open marginally in green after US Fed's rate hike
Updated : 2 years, 10 months ago IST
Strength in Indian stock indices continued from the past few sessions which opened in the green on Thursday, but was limited as US Fed in its fight against inflation raised interest rates by another 25 basis points.
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Banking sector crisis in US tightened credit conditions: Fed Chair
Updated : 2 years, 10 months ago IST
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
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US Fed's interest rate hike continues in fight against inflation, raises b
Updated : 2 years, 10 months ago IST
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
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Indian stock indices carry positive momentum from past week
Updated : 2 years, 10 months ago IST
Indian stock indices extended their positive momentum from the past week and opened in the green on Tuesday, largely due to firm GST collections and continued foreign fund inflows in April.
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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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Indian stock indices largely steady Thursday early trade
Updated : 2 years, 10 months ago IST
Indian stock indices opened Thursday's session marginally high, extending gains from the previous session.
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Indian banking system less prone to SVB-like incidents: Ministry of Financ
Updated : 2 years, 10 months ago IST
The collapse of a few regional banks in the US, which started with Silicon Valley Bank, and the takeover of the crisis-hit Credit Suisse Bank by the Union Bank of Switzerland (UBS) have sent ripples across the global banking industry and posed fears of a contagion effect across economies.
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Inflation, policy tightening to weigh on global economic activity till 202
Updated : 2 years, 10 months ago IST
Elevated inflation and tightening of monetary policy have weakened the growth process and are expected to weigh on economic activity for at least three years since the conflict broke out between Russia and Ukraine in February 2022 (the financial year 2022-25), according to Ministry of Financ
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Global growth seen at 2.3 pc in 2023; slowdown centred in US, Europe: S&am
Updated : 2 years, 10 months ago IST
Global GDP growth is forecasted to slow from 3.0 per cent in 2022 to 2.3 per cent in 2023 and the slowdown is expected to be centred in Europe and the US -- regions where high inflation and monetary policy tightening through interest rate hikes are restraining consumer and business spending,
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Repo rate likely to be on hold, cuts expected in early 2024: Morgan Stanle
Updated : 2 years, 10 months ago IST
The Reserve Bank of India is likely to keep the repo rate on hold for now as inflation figures seem to be under control and any reduction in the key interest rate is expected only in the early part of 2024, Morgan Stanley said in a report.
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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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