Pedestrians walk near the Bank of Korea building in Seoul on Friday. Agence France-Presse
The Central Bank of the UAE , the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial Centre (DIFC)
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
A recovery in eurozone business activity was weaker than expected this month as a deepening contraction in the bloc’s manufacturing industry is increasingly holding back services firms, a survey showed. Last month, European Central Bank President Mario Draghi
Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter, as the CEO said the outlook remained “highly unpredictable”.
Russia’s central bank (CB) kept interest rates at a record low on Friday amid increased geopolitical risks but said there was room for lower rates as the COVID-19 pandemic situation was deteriorating.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.