President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE (CBUAE), under the chairmanship of Sheikh Mansour Bin Zayed Al Nahyan,
The Russian Central Bank plans to resume its purchases of foreign currency for state reserves that are pegged to oil prices in 2022, after pausing them this year amid the rouble crash, Governor Elvira Nabiullina said.
Reserve Bank of New Zealand governor Adrian Orr said the breach has been taken care of but the system is currently offline while an investigation is being carried out.
The total value of fund transfers among the UAE’s banks amounted to Dhs6.307 trillion during the first eight months of 2020, according to the statistics released by the Central Bank of the United Arab Emirates.
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.
Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD).
Hungary’s recovery from the coronavirus pandemic will likely be slower than previously expected, two central bank (CB) sources told Reuters, adding that the bank was nearing its limits with tools to stimulate the economy.
The Board of the Central Bank of the UAE (CBUAE), has decided on additional measures within the Targeted Economic Support Scheme (TESS), launched initially in March 2020 to further enhance the capacity of the banking sector to support the economy.
Australia’s central bank (CB) kept key rate at 0.25%, in a widely expected move, but surprised markets by increasing the size of its term funding facility to around A$200 billion ($148.08 billion) at a fixed rate of 25 basis points for three years.
South Korea’s central bank (CB) kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to support an economy hard hit by the coronavirus pandemic.