Search Results for 'Central Bank'

Central Bank releases N198bn power sector intervention fund

The Central bank of Nigeria (CBN) has so far disbursed N198 billion out of the N200 billion power and aviation sectors intervention fund. Suleiman Barau, CBN Deputy Governor, Corporate Services who confirmed this said the amount has been [...]

Posted On : Mar, 02 2011 | Comments : 0

Egyptian Banks To Close Monday, Tuesday Amid Strikes -Centra...

The Central Bank of Egypt said late Sunday that banks in Egypt will close on Monday and Tuesday due to workers' strikes and the birth of Prophet Mohammad. "Amidst the strikes of worker in some authorities, including public banks [...]

Posted On : Feb, 14 2011 | Comments : 0

Central bank set to soften rules to promote branchless banki...

Pakistan’s central bank is set to soften its regulatory framework to promote branchless banking in the country, Governor Shahid Kardar said on Thursday. “The central bank is open to ideas and suggestions from the private sect [...]

Posted On : Jan, 21 2011 | Comments : 0

Central Bank Treads Into Once-Taboo Realm

The Federal Reserve will print money to buy nearly as much U.S. Treasury debt in the next eight months as the U.S. government will issue.The Fed's decision this week to buy $600 billion more of U.S. Treasury debt is setting off a deb [...]

Posted On : Nov, 05 2010 | Comments : 0

India's Central Bank Raises Rates for Sixth Time This Year

India’s central bank raised interest rates for a sixth time this year in Asia’s fastest round of increases and said the chance of further policy tightening in the “immediate future is relatively low.”The Reserve B [...]

Posted On : Nov, 02 2010 | Comments : 0

Central Banks Open Spigot

The developed world's central banks are moving—at varying speeds and intensity—to respond to a weak recovery, reduce the risks of a global deflation and restrain their currencies from rising against those of their trading [...]

Posted On : Oct, 06 2010 | Comments : 0

Central banks face crisis of confidence

Central banks around the world are facing the worst crisis of confidence since the 1930s, as investors, households and firms question their commitment and ability to deliver price stability. Whether it is inflation or deflation, outsider [...]

Posted On : Sep, 30 2010 | Comments : 0

Asian Central Banks Keep Up Intervention as Dollar Weakens

The central banks of South Korea, Singapore, Thailand and Indonesia were suspected of intervening in foreign exchange markets Wednesday to contain gains in their currencies, but analysts say the continued weakness of the U.S. dollar mean [...]

Posted On : Sep, 29 2010 | Comments : 0

Central Bank facilitates power plants for banks

The Central Bank of Nigeria (CBN) said yesterday that banks' overhead costs would go down by about 30 percent in the next three years if their managements build independent sources of power supply for their operations. Lamid [...]

Posted On : Sep, 24 2010 | Comments : 0

Central Banks Have Tough Time Finding Exit as Recovery Weake...

The world’s major central banks are having a tough time exiting crisis mode, prolonging aid or raising the prospect of reviving unconventional stimulus tools as the global recovery loses momentum. The U.S. Federal Reserve said Sept [...]

Posted On : Sep, 23 2010 | Comments : 0

Asian Currencies Fall on Risk Central Banks Will Follow Japa...

Asian currencies dropped on concern regional central banks will intervene to stem currency gains after Japan sold the yen for the first time since 2004. A weaker yen boosts the competitiveness of Japanese exporters such as Sony Corp [...]

Posted On : Sep, 15 2010 | Comments : 0

Australian Central Bank Leaves Rates Unchanged

As it was highly anticipated, the Reserve Bank of Australia left the target cash rate unchanged at 4.5% at its Tuesday meeting. The statement by the Governor Glenn Stevens cites the uneven global growth, European sovereign debt iss [...]

Posted On : Jul, 06 2010 | Comments : 0

The case for Central Bank independence: Ben Bernanke

The financial crisis that began nearly three years ago has caused great hardship for people in many parts of the world and represented the most profound challenge to central banks since the Great Depression. Faced with unprecedented fina [...]

Posted On : May, 26 2010 | Comments : 0

Central banks shift back to dollars, IMF data show

The IMF's Composition of Official Foreign Exchange Reserves data, known as COFER, is reported voluntarily by 140 countries. Of those who report their holdings, adjusted for currency valuation effects, the share of U.S. dollars bounced up to [...]