…negative rates can distort markets. As the Bank for International Settlements, the central banks ’ bank , pointed out in a report this week, the use of unconventional monetary policy runs the risk “of…
Private industries are also joining the fray, offering their own green bond issues that address investors’ needs for environmentally friendly initiatives.
The World Bank on Wednesday lowered Belarus’ economy growth forecast for 2019 from 1.8 to 1.5 percent.
Euro zone finance ministers, known as the Eurogroup, recommended Italy’s Fabio Panetta on Wednesday for the six-member executive board of the European Central Bank.
- Euro zone ministers recommend Italy's Panetta for ECB job (Reuters: Oct 9, 2019 at 1:00 PM)
- Euro zone ministers recommend Italy's Panetta for ECB job (Reuters: Oct 9, 2019 at 1:14 PM)
In related news, India’s largest bank has cut interest rates on fixed deposits, a second in one month, by 10 basis points (100 bps=1 percentage point) on select maturities.
Streets in many different Lebanese cities witnessed protestslast week.
France Central Bank (BdF) on Wednesday maintained third quarter growth forecast at 0.3 percent, up by 0.1 percentage point from the second quarter of the year.
Inflation is receding in Latin America’s two largest economies in a fresh sign of the growth challenge facing their central banks as they slash interest rates in attempts to revive weak demand.
The Cabinet of Ministers at a meeting on Wednesday approved a decision that will allow Ukraine to receive 20 million euros from the European Investment Bank (EIB) for lending to small and medium-sized businesses.
September 2019 decreased by 10.4% compared to the same period last year and amounted to $122.9 bln.