year Archives - Global Banking Monitor

World Bank: South Africa’s Economy Drains R700bn Every Year Due to Crime

The World Bank's latest economic update has shed light on the profound impact that organized crime has on South Africa's economy. Crime is costing...

Finance Ministry: India Faces Obstacles to High Growth in Current Fiscal Year

The fundamentals of the Indian economy remain strong but adverse global developments and “negative cross-border spillovers” could be obstacles to the country achieving a...

China Growth Forecasts Slashed for Next Year Despite Expected Support

China’s economic outlook is deteriorating into next year, with no clear consensus from analysts that the business environment will improve despite Beijing’s push to...

Japan’s Government Predicts Slower Inflation in the Coming Year, Calls for BOJ Coordination

Japan's inflation will likely slow to around 1.5% next year when stripping away the effect of one-off factors, a government spokesperson said on Monday,...

UK Inflation Dips Below 8% for First Time in Over a Year

Britain’s inflation rate dropped to the lowest in 15 months, fueling hopes among investors and economists of a shift away from the worst price...

Australian Bank Forecasts 50% Probability of Recession in the Country This Year

The Commonwealth Bank of Australia (CBA) on Friday downgraded its economic forecasts following a recent cash rate increase, saying the country has a 50...

Morgan Stanley Predicts Slump in US Earnings for 2023, Followed by Strong Rebound in the Following Year

Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts...

Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority...

Indonesia’s Central Bank Plans 30% Increase in Repo Deals in the Current Year

Indonesia's central bank aims to increase repurchase agreements between commercial banks by 30% this year to 1,026 deals after 76 banks signed a repo...

India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief

The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a moderating inflation, Kotak Mahindra...

Expectations of Bank of England’s Base Rate Soaring to 5.5% Next Year Fuel Escalation in Mortgage Costs

Britain's largest building society has made some mortgages more expensive as the Bank of England's interest rate is now expected to rise higher than...

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...

Morgan Stanley’s Chief Executive James Gorman to Retire Within a Year

Morgan Stanley chief executive James Gorman will step down as the company’s head within the next 12 months, he said Friday at the bank’s...

Reuters Poll: Fed to Maintain Unchanged Rates Throughout the Year; High Risk of U.S. Default

The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists,...

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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