Colombia's central bank held the benchmark interest rate at 9.50% on Friday, surprising the market, which expected policymakers to vote for a second consecutive 25 basis point cut. The decision was backed by five members of the seven-member board.
The Federal Reserve will almost certainly begin 2025 by keeping interest rates on hold at between 4.25 to 4.5 per cent.
The Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.
For example, central bank independence seems to go hand-in-hand with lower inflation when the rule of law is strong. But, in the absence of rule of law, the relationship breaks down. Perhaps well-governed countries tend to produce well-run central banks, regardless of de jure independence.
The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead.
The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.
The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.
In late December, Maysaa Sabreen was appointed caretaker governor of the Central Bank of Syria. Sabreen stepped up from deputy governor after the rebel group Hayat Tahrir Al-Sham (HTS) toppled President Bashar al-Assad, making her the first woman to hold the position.
The head of the Czech National Bank wants to plough billions of euros’ worth of the country’s reserves into bitcoin, a groundbreaking move that could make it the first western central bank known to hold crypto assets.
As the nation witnessed the Economic Survey 2025 on Friday, January 31, all eyes now await the Union Budget set to be announced by Finance Minister Nirmala Sitharaman tomorrow, February 1. Take a look at the key highlights of the survey report.
What does it mean to “invest” in the Iraqi dinar? In simple terms, it’s the same as investing in any other currency. You purchase a certain amount of Iraqi dinar (IQD) by paying the respective amount of U.S. dollars (USD).