You Searched For "central bank functions" and got 16 results
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1 min read
Curious to know what the Reserve Bank does? Star India will soon produce a web series narrating the RBI's 90-year journey
The series will be available on both national television and OTT platforms, expanding its reach and…
2 mins read
Banks scramble to repair the damage caused by Crowdstrike IT outage
British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected t…
Jyoti Mann
1 min read
Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves
Strategists have warned that Hamas' attack on Israel will weigh on markets and commodities while fu…
Phil Rosen
5 mins read
Beyond banking: How Slack is reshaping financial services for the digital age
In the ever-evolving landscape of financial services, technology has become the cornerstone of inno…
1 min read
Stable, strong financial system to act as bedrock for economic progress: RBI Governor
Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to …
PTI
2 mins read
Energy traders are begging central banks for emergency cash to keep commodities markets functioning amid Russia's attack on Ukraine
A group that includes BP, Shell, and ExxonMobil sent a letter to central banks asking for liquidity…
Natasha Dailey
6 mins read
India’s digital currency to be launched in FY23 to be cost effective, transparent and secure
The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…
1 min read
RBI found excessive dominance by 1-2 board members even in big commercial banks: Das
Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed "excessive domina…
PTI
5 mins read
How the Fed's plan to let inflation run hot could completely upend the way the market functions
The central bank's new framework stands to drive a regime change that replaces a decade of weak exp…
Ben Winck
3 mins read
Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here's a roundup of his attacks on the central bank.
Elon Musk has complained the Fed's interest-rate hikes are risky, unnecessary, and harmful to Tesla…
Theron Mohamed
5 mins read
Russia says it has slowed inflation and kept unemployment steady despite the West's sanctions. 2 experts break down Putin's spin on the numbers.
President Putin's regime makes exporters convert their earnings into rubles. Companies exiting Russ…
Huileng Tan
2 mins read
Central banks' digital currencies must not harm their monetary mission - and must complement cash, G7 finance leaders say
"If issued, a CBDC would complement cash and could act as a liquid, safe settlement asset and as an…
Shalini Nagarajan
1 min read
RBI Central Board discusses functioning of co-operative banks
Bhubaneswar, Dec 13 () The RBI Central Board on Friday reviewed functioning of the urban cooperativ…
PTI
3 mins read
The Federal Reserve lifts interest rates in first double-sized hike since 2000 — paving the way for much pricier mortgages, car loans, and other borrowing
The central bank raised its benchmark interest rate by a half percentage point on Wednesday, signal…
Ben Winck
4 mins read
Everyone knew the Fed was going to raise interest rates last week. No one knows what's coming next.
The central bank is expected to raise rates through the rest of 2022, but officials don't agree on …
Ben Winck
3 mins read
India’s digital rupee may not necessarily be on the blockchain, according to the country’s central bank
India’s upcoming digital rupee may not necessarily use blockchain technology for RBI’s central bank…