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PREVIEW: It's Fed Week! US Central Bank To Cut Rates In June, RBI To Follow Fed's Footsteps

The US Federal Reserve will start cutting interest rates from June this year while the central bank is expected to keep a close watch on economic data including GDP, inflation and unemployment rate in the coming months, according to economists worldwide. ...

Pakistan Central Bank Investigates Misprinted Rs 1,000 Notes In Circulation

Pakistan's central bank has said it was investigating how some misprinted banknotes of Rs 1,000 denomination were issued by it to commercial banks, after a video went viral showing the backside of some of those notes as blank, according to a ...

Moody’s Goes Bearish on Chinese Banks Over Debt Concerns; Downgrades Outlook Of 8 Banks

Moody's Investors Service has downgraded its outlook for eight major Chinese banks from stable to negative. This comes on the back of the credit rating agency's recent assessment of China's sovereign bonds, citing mounting concerns over the nation's escalating debt levels. ...

Federal Reserve Chair Signals Willingness To Tighten Policy Amid Lingering Inflation Concerns

Federal Reserve Chair Jerome Powell emphasized the central bank's commitment to addressing inflation while expressing a cautious approach during a panel discussion at an International Monetary Fund conference in Washington. Powell's remarks hinted at a readiness to tighten monetary policy further ...

Fed Officials See One More Rate Hike As Appropriate

The US Federal Reserve in its September meeting agreed to remain restrictive for some time. On a differed note the officials also saw one more rate hike as appropriate going ahead to meet their target of 2% inflation. The recent FOMC ...

Israel’s Central Bank Sells $30 Billion In Forex Reserves After Shekel Skids To Almost 8-Year Low

Amid Israel-Palestine war, the Bank of Israel, for the very first time said it will sell up to $30 billion of foreign currency in the open market in order to maintain stability after the Israeli shekel plunged to an almost eight-year ...

The Central Bank Imposes A Penalty Of Rs 2.92 Crore On This PSU Bank

The Reserve Bank of India has imposed a penalty of Rs 2.92 crore on Canara Bank on Friday. The central bank said that this public service undertaking (PSU) bank has violated various norms, including linking interest rates to external benchmark, and ...

Favouring Continuity, China Reappoints 'Central Bank Governor'

China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change. Yi, whose official title is governor of the People's ...

Several Banks Participate, In First Pilot Project Of Digital Rupee

Several banks, including ICICI Bank and Bank of Baroda, on Tuesday participated in the first pilot project of Digital Rupee launched by the Reserve Bank for transactions in government securities. According to sources, ICICI Bank sold GS 2027 securities to IDFC ...

Forex Reserves Drop USD 3.847 Billion, To USD 524.52 Billion

India's forex reserves dropped by USD 3.847 billion to USD 524.52 billion for the week ended October 21, the RBI said on Friday. The overall reserves had dropped by USD 4.50 billion to USD 528.37 billion in the previous reporting week, ...

India Briefs G20 FMs And Central Bank Governors, On Its 2023 Agenda

India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping. "India will take over the G20 Presidency in 2023, including ...

Australian Central Bank Lifts Cash Rate, To 9-Year High 2.6 Per Cent

Australia's central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6 per cent. The Reserve Bank of Australia's increase of a quarter percentage point to the cash rate was smaller than ...

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