raises Archives - Page 2 of 3 - Global Banking Monitor

European Central Bank Raises Interest Rates to Highest Level in 22 Years

The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved...

Russia’s Central Bank Raises Alarm Over Economy Amidst Falling Ruble and Unprecedented Labor Shortage, Heightening Inflationary Pressures

Russia's central bank sounded alarms on the economy Friday as the falling ruble and a record labor shortage add inflationary pressures. Policymakers kept the benchmark...

China’s Interest Rate Shift Raises Concerns of Following Japan’s Path

A headline on China’s economy this week stated that the nation’s big, state-owned banks would be reducing interest rates on deposits in order to...

Bank of Canada Raises Rates to Highest Level in 22 Years, Anticipating More Increases

The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another...

JPMorgan Raises Expectations for India’s 2024 Economy, While Exercising Prudence Due to Global Uncertainties

JPMorgan increased its 2024 economic forecast for India — but only marginally — saying the country’s growth will be affected by a slowdown in...

Swedish Central Bank Raises Concerns Over Risks to Financial Stability

Due to high inflation and increasing interest rates, Sweden's financial stability is strained and the risks are increasing, the country's central bank (Riksbank) said...

Thailand Raises Interest Rate to 8-Year High, Emphasizes Potential Price Risks

Thailand’s central bank raised its benchmark interest rate to the highest level in eight years, while making a case for retaining a tightening bias...

Chile’s Central Bank Raises Concerns Over Lingering Inflation Problems

Chile’s central bank said there’s no evidence that the domestic inflation slowdown had been consolidated, even as headline consumer price and consumption readings head...

RBI Chief Raises Concerns Over Governance Lapses and Misreporting of Stressed Assets in Indian Banks

The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance...

South Africa Raises Interest Rates to Highest Level Since 2009; Rand Plummets

South Africa’s central bank raised rates to the highest level in 14 years to rein in inflation expectations in an economy that’s expected to...

Israel Raises Interest Rate to 17-Year High

Amid inflation, the Bank of Israel (BOI) announced that it was raising its benchmark interest rate by 0.25 percentage points to 4.75 per cent,...

World Bank Raises Cambodia’s Growth Forecast for 2023 to 5.5%

The World Bank on Thursday raised its growth forecast for Cambodia to 5.5 per cent in 2023, up from its earlier projection of 5.2...

Argentina Raises Interest Rate to 97% in Battle Against Inflation

The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation...

World Bank Chief Raises Global Growth Forecast for 2023, Citing Improving Debt Outlook

World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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