Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
Banks in India will be closed for up to 14 days in May 2024, including Sundays and the second and fourth Saturdays, according to the Reserve Bank of India holiday calendar schedule.The Reserve Bank of India (RBI) holiday list notes that on May 1, 2024, banks will be closed in some states in observance of Maharashtra Day and May Day.Also read: Changes in saving account charges, credit card rules, special FD deadlines: 5 money changes in May 2024Here is a look at the states where banks will be...
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
The ECB has become "the central bank to be followed," one central bank governor said.
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
Several ECB officials have made remarks about their expectations for interest rates in recent days.
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Banks all over India will be closed for 14 days in May. This includes nine holidays listed in the Negotiable Instruments Act, as well as the usual closure on the second and fourth Saturdays and Sundays. It is important to remember that holidays might differ depending on the state. Some important events affecting the banking schedule in May are the Lok Sabha Elections 2024 and Labour Day..May 1 (Wednesday): Banks will be closed in Maharashtra, Karnataka, Tamil Nadu, Assam, Telangana, Andhra...
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...