In 2023, refinancing interest rates at the Central Bank of the United Arab Emirates reached 5.1 percent.
Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities. 2708 Opinion 2024 in review: The UAE crypto legal chronicles Dec 20, 2024 byIrina Heaver 2024 cemented the UAE’s status as a global crypto hub as its landscape ch...
In South Africa, the ANC is moving to change the structure of its central bank, long private and fiercely autonomous. Assault on central banks could have long-lasting costs The silencing of the Central Bank sparked fears that the regime has now extended censorship to the inflation rate. Central...
Kavcioglu had begun emphasising core inflation, which stood below 17% in August, and had said policy was tight enough to cool price rises in the fourth quarter. The bank's policy committee said a rate cut was "needed" because of the lower core price measures - whic...
30 Years of Central Bank Gold Demand Did you know that nearly one-fifth of all the gold ever mined is held by central banks? Besides investors and jewelry consumers, central banks are a major source of gold demand. In fact, in 2022, central banks snapped up gold at the fastest pace ...
The United Arab Emirates central bank raised its overnight repurchase rate by a quarter point in December 2015, on the heels of the US Federal Reserve’s rate hike. There have been no changes in the rate thus far in 2016. Executive directors of the IMF praised the UAE in July for its ...
Building Block of the Future of Value Transfer Introduction 04 Central Bank Digital Currencies | Building Block of the Future of Value Transfer As a financial services innovation, Central Bank Digital Currencies (CBDCs) are likely to play a pivotal role in shaping the Future of Value Transfer...
Headline inflation is easing but underlying pressures remain high, keeping central banks like the US Federal Reserve, the ECB, the Bank of Canada and the Bank of England on high alert. Now yield curve inversion – where shorter-dated bonds offer higher returns t...
DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, EUROPE, 2022 Figure 8: GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, EUROPE, 2017 – 2022 Figure 9: WHOLESALE PRICE INFLATION RATE, %, EUROPE, 2017 - 2022 Figure 10: CONSUME...
The majority of the central bank buying in 2022 came from emerging markets, with the Central Bank of Turkey the largest buyer at a record 542 tons. China, India, Egypt, Qatar, Iraq, the UAE and Oman all significantly boosted their gold reserves over the year. ‘It may be different this...