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…
Honduras’ cenbank expects inflation to reach 10.30% in 2022, up from previous estimate of 6.19%
TEGUCIGALPA – Honduras’ central bank said in a publication on Thursday that it expects annual inflation for 2022 to reach 10.30% by the year’s close, up from a previous estimate of 6.19%…
Australia cenbank to play catch-up, raise rates by 50 bps for third month on Aug 2
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up with peers in a campaign to contain…
India cenbank “correct” to use FX reserves to tackle rupee volatility: econ adviser
By Savio Shetty and Divya Chowdhury MUMBAI – The Reserve Bank of India (RBI) is justified in using the country’s foreign exchange reserves to smooth out volatility in the rupee’s moves against…
Russian consumer prices dip again as cenbank rate meeting looms
MOSCOW – Consumer prices in Russia declined 0.17% in the week to July 15 after sliding 0.03% a week earlier, data showed on Wednesday, keeping the door open for the central bank…
Russia records weekly consumer prices dip as cenbank rate meeting looms
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – Consumer prices in Russia declined 0.03% in the week to July 8 after…
Russian cenbank sees signs of stabilisation in economy
MOSCOW – The Russian economy is now showing signs of stabilisation, the central bank’s head of monetary policy said on Tuesday, after taking a hit from unprecedented Western sanctions imposed after Moscow…
Column-Markets not braced for Japanese, Swiss cenbank liquidity drain: McGeever
By Jamie McGeever ORLANDO, Fla. – If estimates that world markets face a record $4 trillion liquidity drain over the next 18 months are even close to accurate, hold on to your…
Russia needs economic ‘perestroika’ to end reliance on energy exports – cenbank chief
LONDON – Russia must reduce its decades-old reliance on exports of raw materials and stimulate private enterprise to avoid slipping back towards a Soviet-style technological lag with the West, the governor of…
Turkish cenbank acts to boost use of lira assets as collateral -bankers
ISTANBUL – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency strategy and steps in this direction will…
Liquidity withdrawal expected as India cenbank hikes rates on Wednesday
By Swati Bhat MUMBAI – Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the need for…
Russia’s inflation slowdown cannot yet be seen as sustainable – cenbank
(Reuters) – The slowdown in Russia’s consumer price growth cannot yet be regarded as sustainable, the country’s central bank said in its review of trends on Thursday. Consumer price growth in Russia…
Russian cenbank allows share purchases in companies from ‘friendly’ countries
(Reuters) – Russia’s central bank on Friday authorised Russian residents to buy shares in companies from “friendly” countries, provided the transactions were denominated in roubles or the currency of the foreign country.…
India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its contingency risk…
Hungary cenbank raised interest rates by 100 bps in unanimous April vote -minutes
BUDAPEST – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting showed on Wednesday. “The Monetary Council would…
NZ cenbank reaffirms support for plans to tighten climate risk disclosures
(Reuters) – New Zealand’s central bank said on Tuesday it continues to support plans from an independent government body to strengthen climate-related disclosures by the country’s financial firms. Last year, New Zealand…
NZ cenbank to finalise debt servicing curbs framework for mortgage lending by late 2022
(Reuters) – The Reserve Bank of New Zealand on Wednesday said it intends to finalise a framework on debt servicing restrictions (DSRs) on residential mortgage lending by late 2022 and be able…
Russia cenbank head Nabiullina faces full-scale crisis in new term
(Reuters) – Russian Central Bank Governor Elvira Nabiullina will have to deal with a full-scale economic crisis, tackling unprecedented uncertainty stemming from Western sanctions, as she begins her new five-year stint in…
Brazil’s cenbank will resume data release next week after strike
BRASILIA – Brazil’s central bank said on Wednesday it would resume data release that were suspended due to a strike by its employees, including a weekly survey seen as critical for the…
Russian cenbank says wants rouble rate to be determined by market
(Reuters) – The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange rated determined by the market, the bank’s…
Japan’s cenbank is not aiming to manipulate currency, PM says
By Leika Kihara TOKYO -Japanese Prime Minister Fumio Kishida said the central bank’s monetary policy is aimed at achieving its 2% inflation target, not at manipulating currency rates, brushing aside the view…
Russian cenbank warns consumer inflation will accelerate further
(Reuters) – Consumer inflation in Russia will keep on accelerating in annual terms due to base effects, the central bank said on Wednesday, warning that rouble volatility will continue, leading to upside…
Nepal restricts imports to save cash, suspends cenbank governor
By Gopal Sharma KATHMANDU -Nepal is tightening imports of cars, gold and cosmetics as its foreign exchange reserves have fallen, a central bank official said on Monday, after the government suspended the…
Exclusive-EU nations to exchange refugees’ hryvnias at Ukraine cenbank rate- draft document
BRUSSELS – European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months…
Russian capital control decision was a forced move, cenbank says
– The introduction of capital controls in Russia was a forced decision, the central bank governor Elvira Nabiullina said on Friday, after keeping its key interest rate unchanged at 20%. Nabiullina, who…
Putin gives cenbank rights to determine size of FX operations with non-residents
– President Vladimir Putin gave the central bank rights to determine size of foreign currency operations with non-residents, including limiting FX purchases by foreigners on the Russian domestic market, a presidential decree…
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