Indonesia's central bank surprises with rate cut amid weakening currency
Bank Indonesia unexpectedly cut its benchmark interest rate by 25 basis points to 5.75%, marking its first rate cut since September 2024. The markets were widely anticipating that the rate would remain unchanged at 6% for a fourth consecutive meeting.
Indonesian central bank announces surprise rate cut
JAKARTA - Indonesia’s central bank unexpectedly announced a cut in its key interest rate on Jan 15 in a bid to boost economic growth and a weakening rupiah. Bank Indonesia lowered the benchmark seven-day reverse repurchase rate by 25 basis points to 5.75 per cent, citing a shift in policy to bolster stability and growth.
Chile Central Bank Warns of ‘Significant Risks’ Around Rate Path
Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.
French central bank recommends cut in popular savings account interest rate
Bank of France Governor Francois Villeroy de Galhau recommended on Wednesday that the government lower the regulated interest rate on popular tax-free savings accounts, offering French banks relief from payouts that exceed those offered by European peers.
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Indonesias central bank, Bank Indonesia (BI), unexpectedly reduced its benchmark 7-day reverse repurchase rate by 25 basis points to 5.75% on Wednesday, signaling a return to monetary easing. This marks the first cut
Russians are so nervous about the economy that the central bank took to Telegram to dismiss rumors about deposits being frozen
Russia's central bank hiked rates to 21% late last year in a bid to cool soaring inflation.
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The Bank for International Settlements faces mounting pressure to revamp its internal think tank devoted to driving ...
US Financial Deregulation Would Raise Crisis Risks, French Central Bank Chief Says
"Financial deregulation as some people are calling for in the United States would be dangerous, including for the financial ...
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier ...
IOB, Central Bank, UCO Bank, IDBI Bank & PSB: State-run lenders tumble up to 10% today
Shares of select state-run lenders tumbled as much as 10 per cent during the trading session on Wednesday as the clarity ...
Russian central bank dismisses retail deposit freeze rumours
The Russian central bank has sought to dismiss rumours about a possible freezing of retail deposits, which have seen ...
China’s Central Bank, Forex Regulators Pledge to Stabilize Yuan
Chinese regulators reiterated a pledge to defend the yuan as the currency comes under renewed pressure amid the prospects of ...