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…
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…
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…
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…
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is expected to cut its key one-day deposit rate again next week, a Reuters poll showed, as inflation cooled more than…
SAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets and is…
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt…
BUDAPEST (Reuters) – Hungary’s government has infringed the National Bank of Hungary’s (NBH) independence with a decree restricting access to the bank’s discount bill and by extending a cap on…
BRASILIA (Reuters) – Brazilian central bank Governor Roberto Campos Neto ruled out an imminent interest rate cut by emphasizing that the country’s benchmark rate for borrowing costs is appropriate for…
ANKARA (Reuters) – Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to rising foreign currency demand…
By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost of funding and liquidity stress, though their cash positions remained…
(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina central bank board have been discussing the idea of another potential interest rate hike from the current 78% level, an adviser to…
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom,…
ATHENS (Reuters) – Greece’s economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday the country’s central bank has sent “several signs” that measures being taken by government to balance public accounts,…
SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high inflation keeps hindering “sustainable” growth.…
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is likely to deliver the expected 25-basis point (bps) rate hike in April, even as global markets lowered rate hike…
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be ‘insignificant’ even in an extreme…
By Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilizing measures, including a foreign exchange…
By Jihoon Lee and Yena Park SEOUL (Reuters) – South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, will collaborate with foreign exchange authorities when…
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank considered the impact of recent extreme weather events when deciding to hike the cash rate by 50 basis points…
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee’s depreciation slowed down…
SAO PAULO (Reuters) – Brazilian Senator Randolfe Rodrigues, the government leader in Congress, said on Wednesday there was no government guidance regarding replacing central bank Chief Roberto Campos Neto, who…
SAO PAULO (Reuters) – Brazilian Senator Randolfe Rodrigues, the government leader in Congress, said on Wednesday there was no government guidance regarding replacing central bank Chief Roberto Campos Neto, who…