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…
On Tuesday, the Finance Minister of Britain, Nadhim Zahawi said that the financial regulators in the country would have to focus on promoting the global competitiveness of the financial sector. However, he added that a plan aimed at introducing more…
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…
On Thursday, in a surprise move, the Philippine central bank hiked its interest rate by 75 basis points. As a matter of fact, the central bank also stated that it would keep the door open for further hikes as well,…
Alonzo Powell