The Reserve Bank of India (RBI) on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.
The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms to go green.
Almost all Indian currency notes scrapped two years ago have been returned to the banking system, the country’s central bank said, raising questions about the point of the controversial attempt to tackle illegal money.
The Bank of Japan may allow long-term interest rates to creep up to around 0.4 percent under new guidance introduced last month, which lays the groundwork for “stealth” rate hikes, the central bank’s former executive Hideo Hayakawa said on Thursday.
The Bank of Japan should accept it is making no headway in its efforts to spur two percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal.
The Iranian Foreign Ministry has condemned the US for imposing sanctions on the chief of the country’s Central Bank, saying the move shows Washington attaches no value to its international obligations.
Singapore’s central bank tightened monetary policy for the first time in six years, saying the city-state’s economy is expected to continue growing steadily even as it acknowledged risks from a trade spat between the United States and China.