On Friday, the central bank in Nepal hiked its benchmark policy rate from 7% to 8.5%. This is the rate it uses for making loans to commercial banks and the hike was aimed at controlling the inflation rate in the…
Andrew Bailey, the Governor of the Bank of England (BoE), stated that the central bank was aiming to bring down its British government bond holdings. He said that they plan on reducing it from 100 billion pounds to 50 billion…
US bank executives were optimistic about loan growth, as there was a rebound in borrowing demand from business and retail customers. However, they also warned that there could be a weakness in demand later in the year if consumer confidence…
On Friday, the Chilean peso finally got a boost, after falling to a record low, thanks to the action of the country’s central bank. Chile’s central bank announced that they were making an intervention in the foreign exchange market worth…
The biggest banks on Wall Street were very cautious about economic headwinds in the future and they also opted to reduce risks in some areas, while they assess the possibility and severity of an economic recession. In fact, Jamie Dimon…
Alonzo Powell