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…
India govt switches bonds with cenbank in a cash-neutral deal
MUMBAI (Reuters) – The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar quantum, the…
Russia could hike rates in 2023 if inflation risks have big impact -cenbank
MOSCOW (Reuters) – The Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei Zabotkin told…
TSX futures tepid with focus on key cenbank decisions
(Reuters) – Futures for Canada’s main stock index were flat on Monday, with investors on the sidelines as they brace for a week of key interest rate decisions from major central banks,…
Israel’s cenbank chief warns lawmakers not to interfere with independence
By Steven Scheer TEL AVIV (Reuters) – Bank of Israel Governor Amir Yaron on Tuesday warned lawmakers not to interfere with monetary policy decisions, and said the “magic solutions” they proposed to…
Ukraine inflation to hit 30% by year-end – deputy cenbank governor
LONDON (Reuters) – Ukraine’s Deputy Central Bank Governor Kateryna Rozhkova said on Thursday inflation in the war-torn country would hit 30% by year-end and stay elevated next year. However, tight monetary policy…
Brazil cenbank chief says fiscal prudence central to inflation aims
BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto emphatically defended the need for fiscal balance on Friday, following statements by leftist President-elect Luiz Inacio Lula da Silva that soured the markets…
Costa Rica cenbank raises 2022 growth projection to 4.3% as tourism recovers
SAN JOSE (Reuters) – Costa Rica’s economy is expected to grow 4.3% in 2022, its central bank said on Monday, an upgrade to an earlier projection from boosts expected in tourism and…
India cenbank to start pilot of digital rupee on Nov 1
BENGALURU (Reuters) – The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday, identifying nine banks,…
Russia’s partial mobilisation harms consumer, business confidence – cenbank analysts
MOSCOW (Reuters) – Russia’s partial mobilisation is having a negative impact on consumer and entrepreneurial confidence, while also posing new challenges for small and medium-sized companies, Russian central bank analysts said on…
India cenbank policymakers divided on future path of rates, meeting minutes show
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee may lean more on data in deciding the key interest rate going ahead even as…
Volatile food prices led to India cenbank missing inflation forecasts – economists
By Anushka Trivedi MUMBAI (Reuters) – India’s central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up…
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head
By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of banking sector…
Czech cenbank chief: higher budget gaps would hamper inflation fight
PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on Monday. The Czech government plans to run…
India cenbank likely to set cut-off yield for 2032 bond at 7.51%: Reuters Poll
MUMBAI (Reuters) – The Indian government is aiming to raise at least 280 billion Indian rupees ($3.40 billion) through the sale of bonds on Friday. The Reserve Bank of India will likely…
Sri Lanka cenbank to hold rates as inflation worries persist
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high…
Malaysia’s weakening ringgit not reflecting state of economy – cenbank
KUALA LUMPUR (Reuters) – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor said on…
India cenbank likely sells dollars as rupee plumbs record low – traders
MUMBAI (Reuters) – The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record low, three traders told Reuters. The rupee…
Brazil cenbank not focussed on monetary easing now, says governor
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said that policymakers aren’t focusing on monetary easing at the moment as the priority remains on bringing back inflation to the official…
Chile interest rate expected to rise to 10.5% in September -cenbank poll
SANTIAGO (Reuters) – Chile is expected to raise its benchmark interest rate this month to 10.5% from 9.75%, a central bank poll of traders showed on Thursday, as the world’s top copper…
After “aggressive” hikes, Brazil cenbank must stay vigilant, says head
BRASILIA (Reuters) – Brazil’s central bank has been “quite aggressive” in raising interest rates, with much of that policy shift still to impact the economy, its head said on Friday, cautioning that…
Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year…
Mexico cenbank to evaluate magnitude of rate hikes based on prevailing conditions, minutes show
MEXICO CITY (Reuters) – Minutes from Mexico’s central bank Aug. 11 monetary policy meeting published Thursday underscored the possibility of interest rate hikes at future meetings at to-be-determined magnitudes. Banxico, as Mexico’s…
Russian cenbank says business climate improved in August
MOSCOW (Reuters) – Russia’s central bank said on Wednesday that its business climate index remained in the positive range for the second month running in August, with future expectations improving as businesses…
Turkey cenbank takes steps to address credit availability after rate cut
ANKARA (Reuters) -Turkey’s central bank unveiled new measures on Saturday meant to address credit availability including higher reserve requirement collateral for lenders, days after it shocked markets with a 100 basis-point interest…
Turkey cenbank says shock rate cut needed to sustain growth
ANKARA (Reuters) – Turkey’s central bank said on Thursday it delivered a surprise interest rate cut to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have…
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