Financial markets
The Central Bank of the UAE (CBUAE) has announced a decision to lower the Base Rate by 25 basis points, from 4.15% to 3.90%, in a move aimed at maintaining a stable and supportive monetary policy. This decision follows the US Federal Reserve's announcement to reduce
Central banks
As the Federal Reserve announces its second rate cut this year, interest rates on various financial products, including car loans, credit cards, mortgages, savings accounts, and student loans, are poised to shift. While low-income households may see some respite from credit card debt, savers could face reduced yields. The decision&
Financial markets
The Federal Reserve's quantitative tightening program has been draining money from the financial system, causing friction in key funding markets. This has led to increased concerns among Fed watchers that the central bank may stop shrinking its multitrillion-dollar balance sheet sooner than expected. The move could have significant
Financial markets
The Federal Reserve is approaching a pivotal moment as it assesses whether it has shrunk its balance sheet by too much, prompting concerns that it may need to stop reducing its holdings of government debt and mortgage-backed securities. Experts warn that the central bank may soon end its quantitative tightening
Central banks
The Reserve Bank of India (RBI) has released draft norms to enable banks to finance corporate acquisitions and increase lending limits for individuals subscribing to shares through initial and follow-on public offers. The proposed framework aims to rationalise and consolidate existing regulations governing banks' exposure to capital markets. The
Financial markets
The Central Bank of Sri Lanka (CBSL) data indicate a rise in interest rates in the country's money market, driven by an increase in overnight transaction volume and a decline in surplus liquidity. This adjustment, however, is being weakly constrained by the CBSL's "single policy
Economic growth
The Russian economy is facing a perfect storm of low growth, high inflation, and high interest rates, causing a stagflation scenario that may persist for longer. Despite the central bank's efforts to control inflation, the country's manufacturing sector is stagnating, car sales are down, and consumer
Central banks
Russian assets are frozen in various countries due to ongoing sanctions against Russia. However, the transfer of these assets to Ukraine is being hindered by complex legal and organizational issues. Lawyer Heleen over de Linden explains that the Russian Central Bank still owns these assets, and without court rulings, the
Central banks
The Consumer Price Index (CPI) rose 3 percent from a year earlier in September, marking the fastest annual pace since the start of the year. This increase was slightly higher than economists had expected, causing the Federal Reserve to prepare to lower interest rates again next week. The "core&
Economic growth
As the Russian central bank has reduced its benchmark interest rate to 16.5 percent, officials are grappling with a slowing economy and mounting financial pressure from the prolonged military campaign in Ukraine and Western sanctions. Officials noted that while the economy is stabilising, growth has nearly stalled in recent
Economic growth
Bosnia and Herzegovina's economic growth is expected to slow down to two percent this year, as domestic and external demand continue to weaken. The Central Bank of BiH (CBBiH) has revised its medium-term macroeconomic projections, citing the impact on personal consumption, investments, imports, and exports. Despite the slowdown,
Economic growth
The Bank of Thailand's Governor Vitai Ratanakorn led a team of senior officials in a meeting with the Federation of Thai Industries (FTI) to address growing economic headwinds, marking a significant shift in the central bank's engagement with the private sector. The consultation focused on the
