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2 hours ago · Reserve Bank of Australia. We expect the European Central Bank to reduce its policy rate by 25 basis points at its June 6 meeting, to 4.25%, the first of four cuts that would bring the rate to 3.5% by the end of the year. Should disinflation continue its current path, it is not out of the question that inflation will return to its 2% target by ...
2 hours ago · Some 12% of 73 central bank reserve managers surveyed by OMFIF plan to reduce their yuan holdings in the next 12-24 months, while 13% plan to increase them. In 2023 just 3% said they intended to ...
2 hours ago · The Bank of Japan raised rates for the first time in 17 years on March 19, ending the negative rate policy it introduced in 2016. The central bank also abolished its yield target for Japanese sovereign bonds and scaled back its asset purchase programmes. In a 7:2 vote, the BoJ’s policy board decided to raise its short-term interest rate to ...
1 day ago · "The Governor of the Central Bank of Nigeria (CBN) on 3RD day, June, 2024, revoked the banking licence of Heritage Bank. Consequently, the Corporation, as the appointed Liquidator; in line with sections 55 (1) (2) and 56 (3) of Nigeria Deposit Insurance Corporation (NDIC) Act, 2023, will take necessary steps to wind up the affairs of the bank.
7 hours ago · The Canadian Press. June 3, 2024 at 4:00 a.m. · 1 min read. The Canadian Press. OTTAWA — The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation that the central bank might start to cut rates. On balance, financial markets expect the bank to cut its key lending rate by a quarter of a percentage point ...
2 hours ago · South Korea’s headline inflation slowed to a 10-month low but still remained above the central bank’s 2.0% target, likely reinforcing views that the bank is in no rush to start easing its ...
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2 hours ago · Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of Nigeria. The two operators announced this development on ...
