The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.
May 13, 2022The world's fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
May 12, 2022The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
May 6, 2022The Federal Reserve has also outlined plans to shrink its USD 9 trillion balance sheet in phases, starting in June.
May 5, 2022National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
March 1, 2022The rules aim to support public confidence in the impartiality and integrity of the FOMC's work by guarding against "even the appearance of any conflict of interest".
February 28, 2022The Fed, OCC and FDIC plan to provide clarity on whether certain crypto-related activities conducted by banks are "legally permissible".
November 26, 2021Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.
October 23, 2021A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
October 22, 2021Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021