Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather the coronavirus pandemic.
CBUAE and ADGM have announced that they will collaborate, jointly host, and organise the fourth annual FinTech Abu Dhabi Festival, FinTech Abu Dhabi, which will be held from Nov.24 - 26, 2020.
To date, 77 per cent is already drawn-down from the Dhs50 billion liquidity facility within the Targeted Economic Support Scheme (TESS), equivalent to Dhs38.5 billion of allocated funds.
Taiwan’s central bank (CB) has room for further interest rate cuts, governor Yang Chin-long said on Thursday, but he cautioned economic growth could be less than 1% this year due to the impact of the coronavirus pandemic.
Under the new law, legal action may not be taken against debtors if they invoke their insolvency status and begin the process of restructuring their debt.
South Korea’s central bank left interest rate steady on Friday even as it trimmed growth and inflation projections, underlining a cautious view on the economy in the face of global risks and cementing market bets for more policy easing next year.
Indonesia’s central bank (CB) announced new regulations requiring importers to report how much foreign currency they use for overseas purchases from next year, in a move to step up monitoring of money flows.
The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade.
Brazil’s central bank (CB) raised its 2019 economic growth forecast slightly to 0.9%, adding that while the pace of expansion should accelerate next year, the outlook remains tinged with a “high degree of uncertainty”.
Argentina’s central bank (CB) is implementing stern measures to control foreign exchange (forex) reserves. Banco Central de la Republica Argentina (BCRA) announced on Monday it would sharply cut the amount of dollars individuals could purchase.