Russian central bank holds key rate at 20-yr high
Russia鈥檚 central bank kept its key rate at 21 per cent on Friday, locking in two-decade-high borrowing costs as it battles rampant inflation.
Tags : Central bank
Uncovering, recovering default loans should go together
This is welcome that the central bank has adopted international loan classification standards and changed classification policies to get the actual picture of default loans. But a lack of measures to recover defaulted loans is worrying. The central bank has reduced the timeframe to classify loans as defaulted from the previous 270 days to 180 days. Since the adoption...
ECB rate hikes result in 7.9b-euro loss in 2024
The European Central bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation...
Govt needs to ensure autonomy, accountability of central bank
THE sorry state of the banking sector, which is crippled by alarmingly high non-performing loans and lingering governance crises, falls largely, if not squarely, on the Bangladesh Bank, which significantly lost its autonomy and suffered debilitating political interference during the authoritarian Awami League regime. A recent report prepared by an 11-member...
BB identifies reasons behind increased dollar demand
Bangladesh Bank has identified several factors contributing to the rising demand for US dollars, leading to volatility in the foreign exchange market.
US Fed expected to cut rates in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank鈥檚 last meeting of Joe Biden鈥檚 presidency...
German central bank cuts growth forecasts
Germany鈥檚 central bank on Friday sharply downgraded its growth forecasts for next year and 2026, predicting a prolonged period of weakness for Europe鈥檚 biggest聽economy聽as it battles multiple headwinds.聽
India appoints new central bank chief
India on Monday appointed finance ministry bureaucrat Sanjay Malhotra to helm the country鈥檚 central bank, a day before his predecessor鈥檚 term was due to end...
German inflation rises above 2pc in Nov
German inflation rose slightly in November, climbing back above the European Central Bank鈥檚 two-per cent target, according to preliminary data released Thursday...
ECB warns of growing eurozone sovereign debt risks
The European Central Bank warned Wednesday that sovereign debt risks are growing in the eurozone at a time of heightened political uncertainty and muted economic performance...
China jails former top central banker for life for bribery
China jailed a former top central banker on Thursday for life for bribery, state media said, part of a years-old crackdown on corruption...
German govt expects another recession in 2024: report
The German government has slashed its forecast and now expects Europe鈥檚 largest聽economy聽to shrink for a second year running as hopes for a consumption-driven recovery fizzle out, media reported Sunday...
10 solvent banks to provide support to 9 troubled ones
Ten banks have agreed to provide liquidity support to nine struggling banks through interbank market, with the central bank assuming responsibility for repaying any loans if these crisis-hit banks fail to do so...
Bank accounts with over Tk聽1cr rise to 1,18,784 in June
The number of bank accounts holding deposits exceeding Tk聽1 crore increased to 1,18,784 as of June, according to Bangladesh Bank data...
Nine banks survive on Tk聽18,165cr BB lifeline
Nine banks are currently operating with a combined negative current account balance of Tk 18,165 crore with the Bangladesh Bank, which means they are relying entirely on lifelines provided by the central bank to remain afloat...
Norway central bank sees no rate cut this year
Norway鈥檚 central bank kept its key interest rate at a 16-year high Thursday and signalled it would only start cuts next year, later than its US and European peers...
European stocks, dollar recover from US jobs disappointment
European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about the health of the US economy, but Asian equities declined further...
German inflation falls below 2pc for first time since 2021
German inflation fell to its lowest level in more than three years in August, official data showed Thursday, strengthening the case for another interest rate cut by the European Central Bank next month...
Govt, central bank must put banking sector in order
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
US inflation still 鈥榰ncomfortably鈥� high: Fed official
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
LC opening rises slightly in FY24
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...
Australian central bank rules out near term rate cut
Australia鈥檚 central bank held interest rates steady at a 12-year high Tuesday and warned that a cut is 鈥榥ot on the agenda鈥� as it battles stubbornly high inflation...
Rate on treasury bonds hits record 12.8 per cent
The interest rates on government treasury bonds surged to near 12.8 per cent in June due to the central bank鈥檚 contractionary monetary policy stance...
Russian central bank hikes key rate to fight inflation
Russia鈥檚 central bank raised its key interest to 18 per cent on Friday, the sixth hike in just over a year as it seeks to tame soaring price rises.
Bangladesh鈥檚 int鈥檒 reserves over $16b: BB
Bangladesh Bank on Tuesday confirmed that the country鈥檚 international reserves have now surpassed $16 billion, with gross reserves totalling around $26 billion....
BB to allow firms for credit scoring of borrowers
The Bangladesh Bank has decided to allow companies to form 鈥榗redit bureaus鈥� for credit reporting and scoring on individuals and businesses by analysing borrowers鈥� credit histories and repayment capacities...
ERF demands fast reversal of restrictions on journalists at central bank
Journalist association Economic Reporters鈥� Forum demanded immediate lifting of ban on journalists鈥� entry into the Bangladesh Bank, warning of a rigorous movement otherwise...
Businesses urge BB not to change policy frequently
Business leaders on Thursday said that frequent policy changes by the central bank hampered their business and they called for long-term stable policies to ensure smooth business operations...
Putting climate first could cause 鈥榤isallocation鈥� of resources: US Fed
The Federal Reserve should stick to its current mandate and avoid the 鈥榬egulatory distraction鈥� of tackling climate risk, a senior official at the US central bank said Friday...
German inflation rate unchanged
German inflation was unchanged in April, official data showed Monday, holding at a three-year low as hopes grow that the European Central Bank will soon start cutting interest rates...