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…
Hungary cenbank to cut one-day depo rate by another 100 bps next week: Reuters poll
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 expected and…
Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates
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 likely to…
Mexican peso to stay strong despite end of cenbank tightening cycle – analysts
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 a nearly…
ECB says Hungary govt decree has impaired cenbank independence
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 large commercial…
Brazil’s cenbank governor signals no room for rate cut amid inflation concerns
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 addressing current…
Turkey cenbank gross reserves seen down $5 billion last week -bankers
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 as May…
Market stress may pressure Spanish banks despite strong liquidity- cenbank
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 stable in…
Pakistan’s cenbank governor says inflation to begin decelerating over next few months
(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 program, the…
Argentina cenbank mulls another rate hike to tame 100% inflation – adviser, analysts
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 the bank…
Turkey’s cenbank urges banks to avoid creating forex demand, bankers say
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, and to…
Greek economy to grow 2.2% in 2023, prudence pivotal – cenbank chief
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 prudence as…
Brazil’s Haddad sees positive signs from cenbank on fiscal efforts
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, including a…
Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate
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. The authority…
India to continue on expected rate hike path, despite global cenbank rethink – analysts
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 bets from…
Americanas scandal won’t affect Brazil banks much even in “extreme scenario” – cenbank
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 scenario. The…
South Korea to reactivate FX swap between pension fund, cenbank
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 swap programme…
Exclusive-S.Korea pension fund ready to revive FX swap with cenbank
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 needed to…
New Zealand rate hike in best interests of all amid weather crisis -cenbank
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 on Wednesday,…
Pakistan current account deficit falls to $0.2 billion in Jan – cenbank
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 imports, the…
Brazil’s govt not planning to push for cenbank chief swap, senator says
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 has been…
Brazil’s govt not planning to push for cenbank chief swap, senator says
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 has been…
Brazil interest-rate cuts seen kicking off in Nov, cenbank survey shows
BRASILIA (Reuters) – Private economists now expect Brazil’s central bank to start cutting rates in November rather than September, a bank survey showed on Monday, after policymakers alerted last week that they…
Sri Lanka hopeful of completing debt restructuring in six months, says cenbank chief
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank…
Pakistan cenbank raises key rate to rein in high inflation
By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan’s central bank on Monday raised its key interest rate by 100 basis points to 17% in a bid to rein…
Kenya inflation to fall back within target in Q1 -cenbank governor
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Kenya’s central bank expects inflation to fall within its target range during the first quarter of 2023 and is comfortable with…
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