Russias central bank held its key interest rate at a record low of 4.25 on Friday following a recent jump in inflation, a move that suggests further monetary policy easing could be off the table due to higher inflation. The decision, to keep the rate at a level unchanged since July 2020, was in line […]

LONDON, Feb 18 Reuters Bank of England policymaker Michael Saunders said cutting interest rates below zero could well prove the best tool for the central bank under some future circumstances, but the BoE did not need to decide on this yet. Saunders said in December that negative interest rates could be a useful tool, and […]

JAKARTA, Feb 18 Reuters Indonesias central bank lowered its key policy rates on Thursday, the sixth time it has cuts rates since the COVID19 pandemic started, to help lift Southeast Asias largest economy out of recession. Bank Indonesia BI cut the benchmark 7day reverse repurchase rate by 25 basis points bps to 3.5, the lowest […]

LONDON, Feb 24 Reuters Bank of England Governor Andrew Bailey and other top Bank officials spoke to parliaments Treasury Committee on Wednesday. The following are highlights EU ON BANK LOCATIONS Bailey said postBrexit moves by the European Union to require banks to justify why they are not moving activities away from Britain were of dubious […]

Australia has passed a new law that will require digital platforms like Facebook and Google to pay local media outlets and publishers to link their content on news feeds or in search results. The move was widely expected and comes days after the government introduced some lastminute amendments to the proposed bill, known officially as […]