The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.6 per cent, climbing from Dhs2958.6 billion at the end of June 2019 to Dhs2975.8 billion at the end of July 2019.
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Brazil’s decision to sell dollars on the spot market for the first time in a decade is a sign the central bank (CB) is finally willing to reduce its $385 billion pile of foreign exchange (forex) reserves, analysts said.
Brazil’s central bank (CB) delivered its first interest rate hike in nearly six years on Wednesday, a larger-than-expected 75 basis point increase to 2.75%, and flagged a similar move in May to fight inflation despite rising economic uncertainty.
The Swiss National Bank can expand its balance sheet further if necessary, the central bank said on Monday, after its annual report showed it ramping up foreign currency interventions to 110 billion Swiss francs ($118.27 billion) during 2020.
Bank of Japan (BOJ) Deputy Governor (DG) Masayoshi Amamiya said on Monday the Central Bank must focus on keeping the entire yield curve “stably low” for the time being, as the economy continues to suffer from the coronavirus pandemic.
Canada lost far more jobs than expected in January, with the declines driven by coronavirus lockdowns in populous Ontario and Quebec, while the unemployment rate rose sharply, Statistics Canada data showed.
Russian Central Bank (CB) held its key interest rate at record low level of 4.25% and said it will not cut rates further, instead planning to start gradually raising them at some point in the future when inflation stabilises near its target.
India’s government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, a report said.