Latest news with #centralBank
Bloomberg
an hour ago
- Business
- Bloomberg
An $84 Billion Short Book Is Putting Pressure on India's Rupee
The Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts. The Reserve Bank of India had dollar repayments of near record high of $84.3 billion as of March as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date.
Reuters
2 days ago
- Business
- Reuters
Tunisia's central bank keeps key interest rate unchanged at 7.5%
TUNIS, May 30 (Reuters) - Tunisia's central bank has kept its benchmark interest rate unchanged at 7.5%, an official at the bank told Reuters on Friday.
Bloomberg
3 days ago
- Business
- Bloomberg
Kenyan Inflation Remains Below 5% for Longest Run in 15 Years
Kenyan annual inflation remained below the 5% midpoint of the central bank's target range for a 12th straight month, the longest stretch since at least 2010, strengthening the case for another interest-rate cut. Consumer prices rose 3.8% in May, compared with 4.1% in April, the Nairobi-based Kenya National Bureau of Statistics said Friday in a statement. Core inflation accelerated to 2.8%, compared with 2.5% in April.
RNZ News
5 days ago
- Business
- RNZ News
Reserve Bank drops OCR by 25 basis points to 3.25 percent
Banks started to cut their interest rates, ahead the official cash rate annoucement. Photo: RNZ The Reserve Bank cut its benchmark rate to its lowest in more than two years. The Official Cash Rate was lowered 25 basis points to 3.25 percent, as expected. The central bank says there's much uncertainty and future rate moves will depend on the pick up in the economy, inflation pressures and global trade tensions Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Bloomberg
5 days ago
- Business
- Bloomberg
ECB's Patsalides Sees Bigger Cut Unwarranted Now: Econostream
European Central Bank Governing Council member Christodoulos Patsalides doesn't see a bigger interest-rate reduction as needed at the moment, according to Econostream Media. 'A 50 basis-point cut would only be justified if the risks of recession within the euro area were to intensify, leading to more pronounced cyclical disinflationary pressures,' the Cypriot central-bank chief was cited as saying in an interview published Tuesday. 'However, this is not a highly probable scenario.'
