central bank

The US Federal Reserve on Wednesday raised its interest rates by 25 basis points to a range of 5.25-5.50 per cent, the highest in 22 years. Across the Atlantic, the European Central Bank, which regulates the euro zone, also raised its rates…

MUMBAI: The Reserve Bank of India and the Central Bankof UAE have signed two memoranda of understanding promoting the use of local currencies and domestic payment systems across borders.The Reserve Bank of India governor, Shaktikanta Das,…

Last Updated: July 11, 2023, 01:31 ISTNew York, United States of America (USA)A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Reuters/File Photo)Wall Street…

COLOMBO: Sri Lanka's central bank cut its key ratesby 200 basis points on Thursday, in line with expectations, as inflation continued to slow and the focus returned to reviving economic growth after a bailout from the International…

Singapore’s central bank has recorded its largest net loss of SGD 30.8 billion (USD 22.8 billion) in the 2022-2023 financial year mainly due to its aggressive monetary policy tightening to bring down inflation, its Managing Director Ravi…

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U.S. stocks were mixed and benchmark Treasury yields jumped to their highest level since March on Thursday as robust economic data helped ease recession fears, but also increased the odds that the Fed will keep its restrictive policy in…

Last Updated: June 29, 2023, 02:42 ISTNew York, United States of America (USA)Powell reiterated that more rate rises likely lie ahead for the central bank, and did not rule out a boost in the cost of borrowing at a policy meeting scheduled…

Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy.The S&P 500 was modestly…

The existing Rs 2,000 denomination banknotes will continue to be legal tender.He also mentioned that people don’t need to rush to nearby banks to exchange the Rs 2,000 notes. Reserve Bank of India (RBI) Governor Shaktikanta Das on…