reaches Archives - Global Banking Monitor

South African Inflation Reaches Five-Month High Ahead of Rate Decision

South African annual inflation quickened to a five-month high in October, a reading that’s unlikely to persuade the central bank to hike rates as...

Credit Card Expenditure Soars 38%, Reaches Record High

Credit card spends rose 38.3% year-on-year(y-o-y) to an all-time high of Rs 1.8 trillion in October aided by strong festival season spends. The 38.3% y-o-y...

South Korea’s Inflation Reaches 25-Month Low

South Korea's consumer price growth slowed for the sixth straight month in July to the lowest level in 25 months on the back of...

Russia’s External Debt-to-GDP Ratio Reaches Historic Low

Russian's external debt-to-GDP ratio plummeted to a historic low of 15 per cent by the end of the first quarter, local media said on...

Norway’s Core Inflation Reaches Historic Speed, Fueling Speculation of Rate Hikes

Norway’s underlying inflation unexpectedly accelerated to a record-high pace last month, cementing expectations that the central bank will prolong its interest rate-hiking campaign beyond...

Mexico’s Annual Inflation Reaches Lowest Level Since August 2021, Surpassing Expectations

Mexico's annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts...

Brazil’s Inflation Reaches Lowest Point in Over 2 Years, Triggering Calls for Rate Cuts

Consumer prices in Brazil decelerated more than expected in May, government data showed on Wednesday, with 12-month inflation hitting its lowest level in more...

Chile’s Economic Activity Reaches Stagnation Point Amid Investor Speculation of Impending Rate Cuts

Chile’s economic activity remained flat in April, stoking bets that the central bank will start to lower the benchmark interest rate from an over...

China’s economy faces further strain as youth unemployment reaches unprecedented levels

As youth unemployment in China rises to a record high, college graduates are caught in a perfect storm — with some forced to take...

ECB reaches a significant stage of rate tightening, says Makhlouf

The European Central Bank is in the final stretch of its historic cycle of interest-rate increases, according to Governing Council member Gabriel Makhlouf. “Given our...

Brazil’s Inflation Reaches 2-1/2 Year Low, Increasing Pressure on Central Bank to Cut Rates

Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets...

Latin America’s Inflation Reaches Critical Juncture, Igniting Calls for Rate Cuts

Latin America’s top central bankers are meeting in Brazil on Friday as pressure mounts on them to begin cutting interest rates in response to...

Global Debt Reaches Alarming Levels as Rate Hikes Spark a ‘Crisis of Adaptation,’ Warns Top Trade Body

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced...

Inflation in Germany reaches highest point in over seven decades

Inflation in Germany is at its highest point in over seven decades, according to new data published by the Federal Statistical Office on Tuesday. Prices...

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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