Central Bank

US Fed poised to cool inflation with another interest rate hike

Fed Chair Jerome Powell has made it clear they will keep raising interest rates until they see clear evidence inflation is moving back towards the two percent goal.

published on : 27th July 2022

India, Sri Lanka likely to begin trading in Indian Rupee

Sources say since Ranil Wickremesinghe is viewed as a friend of India, there is every possibility of INR trading getting the go-ahead.

published on : 21st July 2022

Winners and losers of the European Central Bank's rate hike

All eyes are on debt-saddled Italy, whose bond yields have already shot up against benchmark German bunds.

published on : 18th July 2022

Ready to stamp out surging inflation: Europe Central Bank 

Other central banks around the world, including the US Federal Reserve, have moved quicker than the ECB. But they face the threat of spurring a recession as they make borrowing more expensive.

published on : 29th June 2022

RBI extends tokenisation deadline by 3 months from Jun 30 to Sep 30

While large players have tokenised their customer card details, many small merchants have been struggling to meet the deadline.

published on : 25th June 2022

Tighter monetary policy would have been disastrous to economy: RBI governor

Shakikanta Das said the RBI's tolerance toward high inflation during the pandemic was a necessity and the central bank stands by its decision.

published on : 17th June 2022

Indian funds in Swiss banks grow 50 per cent to Rs 30,000 crore

In 2007, the figure stood at 2.92 billion Swiss franc.The money parked in Swiss banks has always been linked to black money being parked outside India.

published on : 17th June 2022

Fed's outsized rate hike may be a recipe for recession

This is exactly what the Reserve Bank of India wanted to avoid and acted just in time raising rates last month but the larger issue is how long the tightening cycle will last.

published on : 17th June 2022

Australia hikes interest rates for 2nd time to rein in inflation

An increase was widely expected after official data released in April showed that Australia's inflation rose to 5.1% in the year through March.

published on : 7th June 2022

Looking at 'pros and cons' of introduction of digital currency: RBI

The Reserve Bank has been looking at the pros and cons of introduction of CBDC in India and it proposes to adopt a graded approach to introduction of CBDC.

published on : 27th May 2022

Forex crisis: Sri Lanka lowers limit of foreign currency people can hold to USD 10,000

Amid fuel crisis, Energy Minister Kanchana Wijesekera said that posts shared on MPs being given subsidised fuel rates are false.

published on : 19th May 2022

Central bank warns of catastrophe if Lanka can’t form govt within 3 days

Sri Lankan President Gotabaya Rajapaksa held talks with former prime minister Ranil Wickramasinghe to possibly lead an interim all-party government.

published on : 12th May 2022

April inflation likely to be around 7.5 per cent, say experts

The Reserve Bank of India’s out-of-turn move to hike repo rates by 40 basis points could be due to April inflation that may well be above the Central bank’s estimates.

published on : 5th May 2022

Four held in connection with theft of valuables from bank lockers in UP's Kanpur: Police

Stolen ornaments weighing 342 grams have been recovered from the arrested accused, Deputy Commissioner of Police (East) Pramod Kumar said.

published on : 10th April 2022

Sri Lanka can overcome economic crisis provided Central Bank is allowed to run independently: Governor

He further said that President Gotabaya Rajapaksa had given him the authority to run the bank independently and also asked him to expedite measures to get the country out of the crisis.

published on : 10th April 2022

Gunmen shoot deputy governor of Myanmar Central Bank 

She is believed to be the most senior official associated with the military-run administration to be shot since February last year when the army ousted the elected government of Aung San Suu Kyi.

published on : 8th April 2022

Myanmar orders foreign money held by banks changed to kyats 

Businesses and individuals were told in a notice issued Sunday that as of Monday they must convert dollars and other foreign currency into kyats within one day or face legal consequences.

published on : 6th April 2022

Not activating countercyclical capital buffer: RBI 

The framework envisages the credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary indicators.

published on : 5th April 2022

RBI may revise upwards inflation estimates

The country’s central bank may have to do a course correction in the forthcoming Monetary Policy Committee meeting slated from April 6-8.

published on : 5th April 2022

Sri Lanka central bank governor quits as crisis worsens

Ajith Cabraal said he stepped down after every member of Sri Lanka's cabinet, aside President and Prime Minister, quit en masse late Sunday to make way for a new administration to manage the crisis.

published on : 4th April 2022
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