#central-bank

#central-bank

The Central Bank's consumer protection directorate is being abolished, raising concerns about the prioritization of consumer protections amid ongoing criticism.

Central Bank's consumer protection unit closure may risk consumer advocacy effectiveness, warns OECD.

Urgent investigation into discretionary commission arrangements in car finance is needed to protect consumers in Ireland.

Bangladesh's financial system was drained by $17 to $30 billion under the previous government, marking a colossal economic crisis.

Riad Salameh, former central bank governor of Lebanon, was detained amidst corruption investigations, reflecting the country's ongoing financial crisis.

Former central bank governor Harvesh Kumar Seegolam is being investigated for alleged conspiracy to defraud, raising concerns of governmental financial misconduct in Mauritius.

Russia's central bank raised borrowing costs to 21% to combat inflation driven by military spending, the highest rate in over 20 years.

Non-bank lenders offer lower mortgage rates than traditional banks, highlighting a shift in the lending landscape.

Russia's central bank raised interest rates to combat inflation exacerbated by military spending.

High demand in Russia is outpacing supply capabilities, contributing to economic strain.

Inflation control is a high priority for Russia's central bank, targeting a reduction by 2025.

Russian elites challenge potential 18% interest rate hike by central bank.

China's central bank is taking aggressive measures to encourage borrowing and combat economic stagnation.

Irish mortgage rates are declining slowly compared to the Eurozone, with the gap at its widest in over two years.

Russia's central bank stops foreign currency purchases to stabilize the ruble amid soaring inflation, marking a significant economic intervention.

Russia's GDP growth slowed to 4% in Q2 amidst rising inflation. Central bank raised interest rates to combat overheating.

Russia's central bank increases key interest rate to 16% in an effort to combat high inflationary pressures.

The rate increase is the fifth in a row since July, indicating a cycle of monetary tightening.

Turkey's annual inflation rate slowed to 49.4% in September, disappointing analysts and suggesting a challenging economic outlook despite past interest rate hikes.

Inflation in Chile has slowed, providing relief from previous pressures and opening room for potential interest rate cuts.

Consumer prices showed modest growth, with key sectors experiencing declines that contributed to easing inflation.

Consumer prices in Canada rebounded in December, indicating the central bank's fight against inflation is ongoing.

The consumer-price index fell 0.3% in November and increased 3.4% from a year earlier, showing a quickening of inflation.

The shutdown of oilfields in Libya reflects deeper tensions between rival governments disrupting potential peace negotiations.

The Central Bank of Libya has suspended operations due to the kidnapping of its head of IT amid rising tensions and threats from armed factions.

Libya faces intensified political turmoil as the central bank's governor flees from militia threats, leading to a suspension of banking operations.

Diplomatic solutions are crucial to resolve the Libyan economic crisis and central bank control disputes.

Libya has agreed on a new Central Bank governor, signaling potential stabilization amid longstanding political tensions.

The Central Bank of Libya halted all operations due to the abduction of an official, highlighting severe security concerns.

China's central bank cuts key interest rate to counter economic challenges and housing market crisis.

Bitcoin and ether fell after China's central bank announced stimulus measures, while local stock indices rose sharply as traders favored equities over crypto.

China's central bank keeps key policy rates unchanged

Commercial banks lower deposit rates

Bitcoin has seen its biggest one-week gain since October, rising over 13% in the past seven days.

The Philippines is planning to issue a wholesale central bank digital currency within two years, but without using blockchain technology.

Australia's central bank prioritizes a wholesale central bank digital currency (CBDC) for its advantages over a retail version.