The Federal Reserve continues to push interest rates higher, sending the stock market into turmoil. After all, who should take the risk of stocks if you can safely earn interest on an FDIC-insured bank account or on Treasury bills, which are short-term IOUs directly from the government? In recent years,Read More →

SRINAGAR: In its latest report, the World Bank rated progress in the implementation of the Rs 1,500 crore Jehlum Tawi Flood Recovery Project funded by it in Jammu and Kashmir as “moderately satisfactory”. The documents reveal that the multilateral financial institution has rated the current progress of project implementation asRead More →

In its latest report, the World Bank rated the implementation progress of the Rs 1,500 crore “Jehlum Tawi” flood recovery project financed by it in Jammu and Kashmir as “moderately satisfactory”. The documents reveal that the multilateral financial institution has rated the current progress of project implementation as “moderately satisfactory”.Read More →

LONDON — Bank of England policymaker Michael Saunders, who has backed a bigger interest rate hike than most of his colleagues, said the bank rate could hit 2% or more over the course of next year to dampen inflation expectations after the recent price spike. The BoE has hiked ratesRead More →

State Government. demands ‘largely met’ to improve disaster and climate resilience, report says State Government. demands ‘largely met’ to improve disaster and climate resilience, report says The World Bank has rated the first phase of the Kerala Reconstruction Development Program (RKDP) – Kerala’s first resilient program – as “satisfactory”. TheRead More →

The National Chairman of National Apex of Nigerian Farmers Cooperative Societies (NIFACOS), Chief Uzoma Nwaogwugwu, described the low funding of recognized cooperative societies and high bank interest rates as major challenges facing Nigerian farmers, who at their turn threaten the country’s economy. Nwaogwugwu therefore called on the federal government toRead More →

With the change in the Reserve Bank of India (RBI) repo rate, the interest rates of other banks also change. Right after the announcement of the repo rate increase by RBI last week, many government, public and private banks raised their interest rates. In such a situation, it becomes difficultRead More →

CENTRAL bank governors play the crucial role of guiding economies. They are the main advisers to governments on monetary and even budgetary policy. That is why democracies around the world give them the opportunity to work without undue political pressure. It has been shown that, like the media and theRead More →

Egypt raised several interest rates again today. The Central Bank of Egypt raised its overnight deposit rate, overnight lending rate and principal transaction rate by 2% each to 11.25%, 12.25% and 11, 75%, respectively, according to a statement. What is that? A bank’s deposit rate refers to the interest rateRead More →

Hannelore Foerster/Getty Images News By Teunis Brosens, Chief Economist, Digital Finance and Regulation; Maureen Schuller, Head of Financial Sector Strategy; Suvi Platerink Kosonen, Senior Sector Strategist, Finance The era of ultra-low bank lending rates is over. Rate hike and tightening loan approval criteria add to the economic headwinds in theRead More →

The GBP/EUR exchange rate was higher after the last meeting of the European Central Bank (ECB) on Thursday. The central bank did not raise interest rates as expected, but plans to withdraw its stimulus efforts sooner. It will be the first meeting of political decision-makers since the beginning of theRead More →

MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das surprised markets on Thursday with a super accommodative monetary policy that not only left rates unchanged but also kept the dovish stance. Post-policy commentary was also supportive of growth, with the governor saying next year’s borrowing program would not be asRead More →

There were two early Christmas surprises in this month’s economic news, as the Bank of England raised interest rates after a surprisingly rapid rise in inflation. While that’s not necessarily good news, there’s also reason to think things might not be too gloomy. This preview examines the economic data releasedRead More →

MUMBAI: India’s central bank yesterday announced a surprise quarter-point hike in its key interest rate, signaling that the priority is to control inflation rather than stimulate growth months before an election.After a meeting in the financial hub of Mumbai, the Reserve Bank of India (RBI) raised the benchmark repo rate,Read More →