Global Central Banks

Average consumer price index inflation in the South Asian country is 8.7% in the current financial year, which started in July, the statistics bureau says

RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated

Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric. His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign. We're embracing the future with crypto and leaving the slow and outdated big banks behind, Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home. As part of his presidential campaign, Trump has pledged to turn the United States into the crypto capital of the planet, raising red flags that he could use the federal government to help support a business tied to hi

Visa is investing in building digital payment infrastructure in the country, aiming to make digital payments less costly and more manageable

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,960, respectively

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction

A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan's tankan report said sentiment among large manufacturers, which include auto and electronics giants, declined in March for the first time in a year, standing at plus 11, down two points from December. The average market forecast by Japanese news service Kyodo was 9. The index for large-scale non-manufacturers, including the service sector, hit a 33-year high at plus 34 points, up two points from the last report in December. The tankan, carried out every three months, surveys about 9,000 Japanese companies and measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those saying they are positive. The optimism among the non-manufacturing businesses reflects the return of tourism, both overseas and domestic, which had

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

The report is based on the biggest government bond markets in Europe

'Central banks will occupy an ever-more important position in the economic and security life of nations, if history is any guide'

Western central banks are planning differently for 2024

Policymakers from fully half of the Group of 10 jurisdictions of most-traded currencies are scheduled to meet in the coming days, and interest rates for 60% of the world economy will be set

Here is the best of Business Standard's opinion pieces for today

Multilateral bank reforms will need more effort

The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra

The South African Reserve Bank (SARB) on Friday launched proceedings in the High Court for an order for the final winding up of the local subsidiary of Pakistan-based Habib Overseas Bank Limited (HOB). The application, brought by SARB together with the Prudential Authority (PA), is to be heard on August 8, 2023, or as soon thereafter as determined by the Court, SARB confirmed in a statement. This follows the decision by the Minister of Finance, on the recommendation by the PA, to place HOB under curatorship in March 2023. HOB was placed under curatorship to deal with its governance, compliance and operational failures. Since the curatorship, in-depth assessments undertaken by the curator found that HOB's financial position was significantly worse than that reported by the bank's management. The findings by the curator concluded that HOB is insolvent. In accordance with the requirements of the Banks Act 94 of 1990 (Banks Act), Craig du Plessis, who is the appointed representative

With another hike in interest rates anticipated by the Federal Reserve and the European Central Bank for July, and some peers on a similar track

The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability