Central Bank
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Political crisis hits South Korea growth: central bank
Jan 23, 2025According to data released by the central bank on Thursday, South Korea’s economy grew more slowly in the last quarter of 2024 as the nation dealt with the aftermath of impeached President Yoon Suk Yeol’s temporary... -
New Zealand central bank unveils half point rate cut
Oct 10, 2024The central bank of New Zealand said it was getting close to a point of “low and stable inflation” as it cut the main interest rate by half a percentage point on Wednesday, the lowest level... -
China’s central bank raft of measures to boost the country’s struggling economy
Sep 24, 2024China’s central bank on Tuesday unveiled a raft of measures to boost the country’s struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. China’s economy, the world’s... -
UN held talks with rival powers in Libya over the country’s central bank crisis
Sep 4, 2024The United Nations said it held talks Monday with rival powers in Libya over the country’s central bank crisis which has threatened vital oil income. The UN Support Mission in Libya hosted the two administrations separately... -
Turkey’s central bank kept its key interest rate unchanged for the third month in a row
Jun 28, 2024Turkey’s central bank on Thursday kept its key interest rate unchanged for the third month in a row as annual inflation runs high over 75 percent. The bank’s monetary policy committee said it had decided to... -
India’s central bank holds interest rates as inflation risks linger
Apr 5, 2024With persistent inflation risks and robust economic growth, India, the world’s fifth-largest economy, saw its central bank maintain unchanged interest rates for the seventh consecutive week on Friday. The benchmark “repo rate,” or the amount at... -
China’s central bank cut a key benchmark lending rate used to price mortgages
Feb 21, 2024China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. Officials in China have struggled to kickstart economic growth as they battle a... -
Russian central bank hikes key rate after ruble falters
Aug 18, 2023Following the ruble’s plummet to a more than 16-month low against the dollar on Tuesday, Russia’s central bank increased its benchmark interest rate from 8.5 to 12 percent. “This decision was taken in order to limit... -
Australia’s central bank hiked interest rates to a near eight-year high
Sep 8, 2022Australia’s central bank hiked interest rates to a near eight-year high Tuesday as it joins others in trying to bring down sky-high inflation and warned further increases were likely that would hit families’ pockets. The Reserve... -
South Korea to halt all transactions with Russia’s central bank
Mar 8, 2022South Korea said Monday it will halt all transactions with Russia’s central bank in the latest series of punitive actions against Moscow over its invasion of Ukraine. The foreign ministry said in a statement it had...
