Global Banking Monitor

Friday, June 14, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: rates

Japan’s Interest Rates in Spotlight: A Comparison That Puts Others in Perspective

Major banks in Japan have started raising interest rates on time deposits for savers — to the tune of 0.2%, Bloomberg reported on Thursday. While...

Goldman Sachs Distinctive in Predicting Turkish Rates Have Reached their Peak

Goldman Sachs expects Turkey’s interest rate hike on Thursday to be the last in the current tightening cycle, standing out from other banks that...

Global Economic Slowdown Expected in 2024 Due to High Rates, War, and Inflation

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and...

China’s Big Banks Adjust Deposit Rates, Indicating a Move Towards Policy Easing

China’s biggest state-owned banks are slashing deposit rates again, fueling expectations this will create more wiggle room for the central bank to cut lending...

Egypt Central Bank Maintains Steady Interest Rates Amidst Dropped Growth

Egypt's central bank kept its overnight interest rates unchanged on Thursday as predicted, saying GDP growth had slowed to 2.9% in the second quarter...

Lending Rates Unchanged as Chinese Banks Brace for Possible PBOC Easing in 2024

Chinese banks held their benchmark lending rates after a similar move by the central bank, bolstering expectations that further monetary easing will take place...

Central Banks Maintain Steady Rates Amid Market Speculation of Swift Cuts

Markets think it’s all over. After a lengthy and historic monetary tightening campaign to battle high inflation, major central banks are keeping high interest...

GCC Central Banks Align with Fed, Maintain Unchanged Interest Rates

Central banks in the Gulf Cooperation Council region have kept their interest rates unchanged, following the decision by the US Federal Reserve to maintain...

Global Non-Bank Sector Experiences Significant Retreat Amidst Higher Rates

Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher...

China’s Central Bank Expands Liquidity Support through Policy Loans, Leaves Rates Unchanged

China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Friday, matching market...

Bank of Canada Indicates Rates Could Be ‘Restrictive Enough

Bank of Canada Governor Tiff Macklem said policymakers may have done enough to tame inflation, reinforcing market and economist expectations that short-term rates have...

Turkey Nearing Possible Rate Milestone Beyond 36% if Rates Rise

Turkey is turning another corner in ending an era of ultra-loose monetary policy. The central bank will likely take interest rates above zero relative to...

Barclays Predicts Fed Will Maintain Rates in January

Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January, compared with an earlier forecast of...

Pound’s Glory Days Diminish as Expectations for Higher Rates Fade

The pound’s unexpected rally this year may have finally run out of steam as the Bank of England moves closer to wrapping up its...

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