India cenbank aiming at multiple targets with simultaneous purchase, sale of dollars – bankers
By Nimesh Vora MUMBAI (Reuters) – The Indian central bank’s simultaneous purchase and sale of U.S. dollars in recent weeks has puzzled bankers, who speculate there may be multiple objectives behind the…
Brazil cenbank chief says external scenario has not affected FX, balance of risks
BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto said on Friday that the increased level of concern among policymakers about the external scenario has not changed to the extent of altering…
Credit card data show drop in Israelis’ spending since start of Gaza war -cenbank
By Steven Scheer JERUSALEM (Reuters) – Five weeks into Israel’s war with Palestinian militant group Hamas, Israelis are spending less but a recovery may have begun after a steep drop at the…
Argentina 2023 inflation seen at 185% -cenbank poll
BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank raised their estimate for annual inflation for this year to 185.0%, the bank said on Monday, up from last month’s estimate of…
South Africa’s path to inflation stabilisation uncertain- cenbank
JOHANNESBURG (Reuters) – South Africa’s central bank said on Tuesday that upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation. The South African…
Exclusive-Kenya plans $500 million Eurobond buyback with new loans – cenbank governor
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it…
U.S. interest rate scenario calls for humbleness from Brazil’s cenbank -director
BRASILIA (Reuters) – Brazil’s central bank monetary policy director said on Thursday that the current strength of the U.S. economy, demanding higher interest rates for longer, stands as a central theme nowadays,…
Turkey cenbank chief to meet Blackrock, JPM, DB at IMF/WB forum -source
ANKARA (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan will hold her first meetings with international investors since taking the job at the annual IMF forum in Marrakech on Oct. 11-13,…
India cenbank seen holding rates steady Friday but striking hawkish tone
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is widely expected to keep key rates on hold when it announces its decision on Friday but the recent uptick in global…
Brazil cenbank chief says rate cut pace ‘appropriate’ for the moment
By Fabricio de Castro SAO PAULO (Reuters) – Brazil’s current pace of interest rate cuts is “appropriate” for the moment, central bank chief Roberto Campos Neto said, after the monetary authority reduced…
Brazil’s cenbank chief warns inflation expectations may not converge amid fiscal concerns
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that inflation expectations are not aligned with official goals, and signaled they may not be anchored if the government’s…
India cenbank says stabilising core inflation shows easing price pressures
MUMBAI (Reuters) – The Indian central bank sees stabilising core inflation, which excludes food and fuel prices, as a sign of easing price pressures in the economy. Vegetable prices eased in August…
Hungary’s tax-adjusted core CPI slows to 15.2% y/y in Aug -cenbank
BUDAPEST (Reuters) – Hungary’s tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central bank said on Friday. The bank said a decline in retail sales…
With Indian rupee near record low, cenbank steps up NDF intervention
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop to a…
Chile’s economy stagnant in most optimistic scenario for 2023 -cenbank
SANTIAGO (Reuters) -Chile’s central bank on Wednesday lowered the top end of its estimate for the country’s economic performance in 2023, saying it now forecasts gross domestic product (GDP) to show no…
Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and…
China cenbank says it will keep policy ‘precise, forceful’ to aid recovery
BEIJING (Reuters) – China’s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy “precise and forceful” to support the country’s economic recovery, amid rising headwinds. Data…
Nigeria’s suspended cenbank governor to face fraud charges on Thursday
By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he is expected to enter a plea in…
Improving Brazil’s public revenue would set stage for more rate cuts -cenbank governor
BRASILIA (Reuters) – Brazil’s central bank Governor Roberto Campos Neto said on Thursday that improving public revenue would anchor inflation expectations in line with official targets, paving the way for further interest…
Turkish cenbank governor, Finance Minister to attend JP Morgan investor meeting on Friday -sources
By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan…
Investors bought bonds, stocks and inflation hedges in busy cenbank week-BofA
By Samuel Indyk LONDON (Reuters) – Investors flocked to stocks and bonds in the week to Wednesday, Bank of America global research said in a report on Friday citing EPFR data. Ahead…
Turkey’s cenbank to deliver another substantial rate hike to 20%: Reuters Poll
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20% this week, a Reuters poll showed on Monday, making good…
India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin
MUMBAI (Reuters) – India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the…
India cenbank seeks to give customers choice of card network
BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks to give customers the freedom to…
Brazil cenbank chief signals he supports changing inflation target time frame
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets, ditching…
India’s cenbank may cut rates in early 2024 as inflation eases – S&P
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the 4% target, S&P Global Ratings said. “In…
Breaking News
