Global Banking Monitor

Wednesday, February 21, 2024

Tag: decline

Russian Central Bank Signals Caution, Requires Months of CPI Decline Before Considering Rate Cuts – RBC

Russia's central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate...

IMF Data Reveals Decline in Dollar’s Share in Central-Bank Reserves

The dollar’s share in global central-bank reserves dropped in the three months to the end of September, while holdings of the Japanese yen rose,...

Indian Shadow Lenders Experience Sharp Decline Following Central Bank’s Tightened Norms

Indian Shadow lenders declined after the nation’s central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to...

Binance Chief’s DOJ Charges Lead to Crypto Price Decline

Cryptocurrencies fell Tuesday after Binance founder and CEO Changpeng Zhao, also known as “CZ,” pleaded guilty to criminal charges brought by the U.S. Department...

Nigerian Central Bank Cancels Rate Meeting Amid Naira’s Sharp Decline

Nigeria’s central bank scrapped a meeting of its monetary policy committee for a second time since Governor Olayemi Cardoso was nominated to the post...

Australia’s Trade Surplus Surpasses Estimates as Imports Decline

Australia’s monthly trade surplus widened in June as iron-ore shipments gained while overall exports slid less than imports. The windfall was A$11.3 billion ($7.4 billion),...

Egypt’s Currency Squeeze Intensifies as Banks’ Foreign Buffers Decline

Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack inflows drives a deterioration in the...

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

Deposit Decline: Banks Face Losses, While Unanticipated Competitors Thrive

The banks that showed some of the biggest deposit declines during the second quarter weren’t midsize regional lenders. They were the industry’s giants. JPMorgan Chase (JPM),...

Rupee Expected to Decline Further on Growing Importer Demand Next Week

The rupee may extend its losses next week as importers step up their purchases of dollars to pay for goods and services, while the...

Mortgage Rates Experience Significant Dip, Marking Biggest Decline Since March

U.S. mortgage rates inched lower this week, backing off from an eight-month high as inflation showed welcome signs of cooling. Mortgage buyer Freddie Mac said...

US Regional Bank Stocks Decline Due to Mixed Performance; Discover Hit by Regulatory Review

U.S. regional bank stocks fell on Thursday after quarterly earnings showed it was getting more costly for lenders to retain deposits. Shares of Discover Financial...

Another Crucial Inflation Gauge Records Steep Decline in May

US inflation at the wholesale level has cooled once again, this time landing well below its pre-pandemic average. The Producer Price Index showed that annual...

Norway’s GDP Falls Below Estimates, Experiencing Largest Decline in 15 Months

Norway’s economy trailed expectations in April by contracting the most in 15 months, painting a dimmer picture than suggested by recent data. Mainland gross domestic...

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