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BIZARRE: The central bank - You Need To See This

Central banks face new credibility test over rate cuts

Economists at the Tashkent Monetary Policy Dialogue warned that premature rate cuts could keep inflation above target. Uzbekistan’s lower inflation, falling expectations and reduced dollarisation show how credibility shapes monetary policy.

Euronews

UAE Central Bank fines foreign bank Dh1.82 million over customer liability letter delay

A foreign bank branch in the UAE has been fined Dh1.82 million for failing to issue a customer's liability letter within the mandated seven-day period. This penalty underscores the Central Bank of the UAE's commitment to consumer protection and enforcing market conduct regulations. The move highlights the importance of timely…

The Times of India

UAE Central Bank fines foreign bank branch AED20 million over anti-money laundering failures

A foreign bank's UAE branch has been hit with a hefty AED20 million fine by the Central Bank of the UAE. This action stems from serious and recurring lapses in the bank's anti-money laundering and counter-terrorist financing systems. The bank's Head of Compliance also faces a AED300,000 penalty for failing…

The Times of India

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US officials release details of US-Iran interim deal after days of secrecy: Read the 14-point MoU

After days of speculation and secrecy surrounding the terms of a US-Iran accord, senior American officials on Wednesday disclosed key details of a memorandum of understanding that is due to be formally signed in Switzerland on Friday.

The Times of India

RBI holds repo rate, but for how long will relief for home loan borrowers continue?

The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger future rate hikes and costlier EMIs. Borrowers can reduce interest burden through strategies such as home loan prepayments, paying an extra EMI annually, or refinancing at lower…

The Economic Times

Will rising inflation bring good news of higher interest rate for FD investors in coming RBI MPC meeting on June 5

The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a weaker rupee and geopolitical tensions. Experts believe FD rates are unlikely to rise soon as liquidity conditions, credit growth and deposit growth have stabilised.…

The Economic Times

Anxious with news of RBI selling gold? Here's the fact and what should you do

India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold stock remains steady at 880.52 tonnes. While the quantity has been stable, the value of gold reserves has significantly…

The Economic Times

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Forget tariffs and the Iran oil shock—a top economist says the Fed is blind to the real inflation threat

"We have an aggregate demand issue, not a supply disruption issue," says William Luther, an associate professor at Florida Atlantic University.

Fortune

Moscow court orders Euroclear to pay compensation to Russia's central bank over seized assets

A Moscow court has ruled in favor of Russia’s Central Bank in its lawsuit against Euroclear, the Brussels-based clearing house that holds the bulk of Moscow’s frozen assets in Europe, Russian media has reported

The Independent UK

Uzbekistan’s reserves climb to $75bn, gold dominates at 85%

Foreign reserves are well above IMF adequacy benchmarks, enough for 17 months of imports and four times short-term external debt. Authorities are keeping a gold-heavy mix while slowly adding US Treasuries and foreign deposits.

Euronews

UAE unveils region’s first biometric payment system using face and palm scans

The UAE has launched the Middle East's first biometric payment system, enabling transactions via facial recognition or palm scans. This initiative, a proof-of-concept by the Central Bank of the UAE, aims to enhance convenience and security, positioning the nation as a leader in financial innovation and a digital-first economy.

The Times of India

Fed favorite Rick Rieder knows more about the bond market than anyone in America

As he eyes the next Fed chair, nothing’s a bigger deal in Trump’s policy decisions than what makes the bond market thrive or tank.

Fortune

Argentina's Milei Says 'Political Panic' Rattling Markets

Argentine President Javier Milei blamed "political panic" for rattling markets Friday in the run-up to crucial midterm elections, sending the peso into a tailspin and hurting the country's sovereign risk.

International Business Times

Kenya has introduced new banking policies. An economist weighs them up

The Central Bank of Kenya has made two significant changes in the country’s banking sector. The first is to lift a decade-long moratorium on licensing new banks. Second is to raise capital requirements, the amount of money banks are required to keep readily available compared with the value of other…

The Conversation

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Evening Standard

Irish Central Bank to no longer approve Israeli bonds

The prospectus for Israeli bonds has been approved by Luxembourg.

Evening Standard

Hundreds attend pro-Palestine rally at Irish government departments

Speakers addressed the crowd at Government Buildings in Dublin before the protesters marched to the Department of Foreign Affairs.

Benzinga

Jerome Powell Says Trump's Tariffs Deterred Fed From Easing Monetary Policy—July Decision To Depend On 'Data': 'Wouldn't Take Any Meeting Off The Table'

Jerome Powell, the Chair of the Federal Reserve, indicated that the central bank would have implemented a more lenient monetary policy if not for President Donald Trump‘s tariff strategy.

Euronews

Irish government rejects motion to stop sale of Israeli bonds

The decision to reject the bill comes after a similar, unsuccessful motion was put forward by the Sinn Féin party last month.

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Al Jazeera

US Federal Reserve holds rates steady, warns of higher unemployment

The central bank will hold steady amid economic uncertainty driven by tariffs.

The Independent UK

Turkey’s central bank hikes key interest rate to 46% amid political turmoil and global tariffs

Turkey’s central bank has raised its key interest rate by 3.5 percentage points and halted a three‑month easing streak as it confronts stubborn inflation and financial turbulence following the arrest of Istanbul’s mayor and aftershocks of global tariffs

International Business Times

Argentina Receives $42 Bn From International Financial Institutions

Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."

Evening Standard

Looming tariff dispute between US and EU ‘extremely concerning’ – bank governor

Gabriel Makhlouf, governor of the Central Bank of Ireland, said that forecasting in a time of ‘extreme uncertainty’ is challenging.

Top News

Sri Lanka eases limits on rupee conversion for remittances

Discover Sri Lanka's recent decision to remove certain restrictions on converting the rupee for outward remittances, facilitating easier foreign exchange t...

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