Tag: Bank
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Ghana arrests seven women over cedi ‘money bouquets’
The arrests are part of the country’s efforts to curb the misuse and abuse of the national currency.
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Major development banks launch new guidelines to capture, and boost, cash mobilisation
LONDON, Oct 1 : A group of 30 multilateral development banks and finance institutions is launching new joint methodologies that aim to accurately measure, and eventually increase, the amount of capital they funnel to emerging markets. The methodologies, launched on Thursday, are the latest in a years-long eff
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Apple Pay launches in India with Axis Bank partnership
Sept 30 : Apple Pay has launched in India through a partnership with Axis Bank, giving the payment service its first foothold in one of the world’s largest digital payments markets, the lender said on Wednesday.Axis Bank, India’s third-largest private lender, will be the first Indian bank to offer Apple Pay,
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Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations
NEW YORK, Sept 24 : The dollar hit a fresh two-month high on Thursday, boosted by growing views for Federal Reserve interest rate hikes after hawkish comments from several central bank officials and expectations for solid economic growth.Treasury yields calmed after sharp moves in the prior session but remain
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BOJ could raise rates every quarter, ex-policymaker says
TOKYO, Sept 24 : The Bank of Japan is expected to raise interest rates roughly once every three months and push them up to 2 per cent by around June next year to combat mounting inflationary pressures, former bank board member Makoto Sakurai said on Thursday.In raising interest rates to a 31-year high of 1.25
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Bank of Korea to assess inflation, growth for rate hikes, board member says
SEOUL, Sept 22 : A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation, economic growth and financial stability.• “Going forward, factors such as accumulating financial imbalances, sector-specific
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ECB opens blockchain link to financial markets
FRANKFURT, Sept 21 : The European Central Bank launched a new service on Monday linking its payment system to blockchain-based financial markets and said it would invest some of its own money in digital securities.The moves reflect a broader effort by central banks to adapt to the growing use of blockchain in
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AI gains’ distribution will shape inflation, ECB’s Panetta says
MILAN, Sept 21 : Central banks need to understand who benefits from artificial intelligence-driven gains, as their distribution will help shape aggregate demand and inflation, European Central Bank Governing Council member Fabio Panetta said on Monday.• AI is set to transform productivity and growth, labour
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Global stocks mixed as yen falls despite Bank of Japan rate hike
Analyst Angelo Kourkafas said “we have some relief that the Fed credibility is still in place,” but added that high yields and geopolitical uncertainty remain concerns.
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Analysis:Global rate-hike cycle in view as central banks take on inflation
FRANKFURT, Sept 18 : The prospect of a new global interest rate-tightening cycle is coming into view as some of the world’s top central banks raise rates and signal more may be needed to tame inflation fuelled by the Iran war.Key rates are already much higher than the rock-bottom levels from the last hiking c
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