by Jibran Munaf | November 9, 2024 | Banking, Economy, Green
The Bank of Japan (BOJ) is aiming to keep its inflation target steady at 2% even as it monitors the potential long-term economic effects of climate change, according to Governor Kazuo Ueda. Speaking at a climate impact conference in Basel, Ueda acknowledged that...
by Jibran Munaf | November 8, 2024 | Central Banks
The Bank of England (BoE) has lowered interest rates by 25 basis points to 4.75%, signaling confidence that UK inflation is now close to the central bank’s 2% target. This marks the BoE’s second rate cut of 2024, following its initial move to ease rates in...
by Jibran Munaf | November 8, 2024 | Central Banks
The Central Bank of the UAE (CBUAE) announced a 25 basis point reduction in its overnight deposit facility (ODF) rate, bringing it down from 4.90% to 4.65%, effective Friday, November 8. This adjustment comes in response to the U.S. Federal Reserve’s recent decision...
by Jibran Munaf | November 7, 2024 | Banking
RAKBANK has announced a strategic partnership with Paramount and Archer to implement an advanced Governance, Risk, and Compliance (GRC) solution, aimed at strengthening the bank’s risk management and compliance framework. This collaboration aligns with RAKBANK’s...
by Jibran Munaf | November 7, 2024 | Banking, Financial Services
European Central Bank President Christine Lagarde emphasized the need for “truly European” banks on Wednesday, advocating for a banking sector that transcends national borders to increase lending capacity and economic resilience. Her comments come amid...
by Jibran Munaf | November 5, 2024 | Central Banks, Finance, US Elections 2024
The Federal Reserve and Chairman Jerome Powell are steering clear of political debates as the nation votes, but much is at stake for the central bank’s future. With the next president gaining the authority to fill multiple Fed seats and Powell’s term...
