The Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.
Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size in March, leaving the door open for subsequent moves amid mounting inflationary pressures.
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.
The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,
The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”
The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.
The Riksbank cut its key interest rate by a quarter of a percentage point to 2.25%.
LEXINGTON, Ky. (WKYT) - Police say a bank was robbed in Lexington. It happened around 3 Wednesday afternoon at the Central Bank on Southland Drive. Police tell us a suspect demanded cash and then left with the money. They believe the suspect was not armed.
The European Central Bank is expected to cut interest rates by 0.25% when its governing council meets today. This will bring the main refinancing rate, which is used to price mortgages, from 3.15% to 2.9%. The bank has been steadily cutting rates as inflation has declined from its peak of 10.6% in 2022.