ECB Starts Big Cash Mop-up As Banks Reimburse 296B Euros Of Loans
Eurozone banks are expected to repay almost 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, and the largest cash ...
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Tag: Central banks
SWIFT Presented Blueprint For Central Bank Digital Currency Network
Financial messaging system SWIFT has set out its blueprint for a global central bank digital currency (CBDC) network after an 8-month experiment on different currencies and technologies. The trial, which ...
Bank Of Canada Must Hike Rates To Tame Inflation – BoC Governor
Inflation is too high in Canada, so the Bank of Canada needs to jack up interest rates to slow spending and give the economy time to pick up speed, Governor ...
Europe’s Central Banks Increase Interest Rates To Tackle Inflation Surge
Summary SNB unexpectedly hikes interest rates by half a percent Bank of England raises rates by 25 bps Hungary unexpectedly lifts one-week deposit rate Inflation painfully high and not yet ...
Hong Kong Aims To Restore Global Banking Status With Major Conference
Hong Kong's central bank intends to organize a major conference in November which it expects will attract global banking bosses, sources said, as the financial hub sets out to resume ...
Bank of England Advises Banks To Consider Climate Action Now Or See Profit Loss
Summary BoE says climate is a 'first-order' strategic issue Costs are manageable as customers will largely pay Test outcome won't affect capital for now Fitch says the test is toughest ...
HDFC Bank Sets Up Indian Lending Giant In $40B Deal
Summary The deal was valued at $40 billion - HDFC Bank CEO HDFC Ltd shareholders to get 42 HDFC Bank shares for 25 held The combined company has a balance ...
Russia’s Economy Heavily Wounded By 4 Weeks Of War
Sweeping sanctions sparked by Russia’s invasion of Ukraine on February 24 have ripped the country out of the global financial fabric and sent its economy reeling. A month later, Russia’s ...
Central Banks Generate Trust, Not Big Techs – BIS General Manager Carstens
Agustín Carstens, the general manager of Bank of International Settlements (BIS), has criticized private stablecoins and decentralized finance (DeFi), arguing that central bank-led innovations are the best positioned to shape ...
Fed Ready To Create Digital Dollar, Awaits Congress Approval
The United States Federal Reserve (Fed) has confirmed that it is now ready to develop a possible central bank digital currency (CBDC). The CBDC is also known as the “digital ...