The Czech National Bank (CNB), which earlier today cut its benchmark repo rate to a record low 0.05 percent, said it reduced the rate because inflation is expected to remain below the bank’s target through the second quarter of 2014 and it expects to keep rates at this level for a long time. …
The Financial Stability Board (FSB), which coordinates global financial regulation, has added Spain’s BBVA and UK-headquartered Standard Chartered banks to its list of global systemically important banks (G-SIBs) and removed Germany’s Commerzbank, the UK’s Lloyds Banking Group and Franco-Belgian Dexia from the list. The FSB’s latest list of globally important banks is based on…
The central bank of Uganda again cut its central bank rate (CBR), this time by a “modest” 50 basis points to 12.5 percent, but indicated that it may soon halt its aggressive rate-cutting campaign. The Bank of Uganda (BoU), which has cut its policy rate eight times this year for a total reduction…
Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Marcus says investors can’t assume S. Africa rate…
The central bank of Zambia raised its policy rate by 25 basis points to 9.25 percent to rein in inflationary pressures that threaten to push inflation above the bank’s year-end target of 7.0 percent. The Bank of Zambia said the upward pressure on inflation in November was coming from feed prices that…
The central bank of the Czech Republic cut its benchmark two-week repo rate by 20 basis points to a record low of 0.05 percent. The board of the Czech National Bank (CNB) also cut the Lombard rate, the ceiling for short-term money market rates that is used to provide overnight liquidity to…
The central bank of Tunisia held its benchmark interest rate steady at 3.75 percent, despite expectations for an increase, saying inflationary pressures were still rising though there were some initial signs of an easing that still had to be confirmed. Banque Centrale de Tunisie said there was a recovery in the export…
The private sector infrastructure necessary to trade, clear and record over-the-counter (OTC) derivative transactions is now ready but regulatory uncertainty is blocking everyone from using these new exchanges, according to the Financial Stability Board (FSB). The FSB’s fourth progress report on reforming OTC derivatives, which triggered fears of contagion during the global…
Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Eurozone central bank reports ‘pronounced’ fall in demand…