WProConnect’s Post

Upcoming #centralbanks decisions: Reserve Bank of #australia - 4.35% Narodowy Bank Polski - 5.75% Bank of #mexico - 11.25% #czech National Bank - 6.75% Central Reserve Bank of #perú - 6.5% https://lnkd.in/dEy7DC_n #interestrates #centralbanks #centralbanking #wproconnect

Milei with draconian central bank law Argentina's President Javier Milei is planning to introduce a law that will impose draconian penalties on central bankers if they illegally finance national debt with the printing press. In principle, this sounds like a good measure. But the question remains: can Milei succeed in closing the central bank completely? This law suggests that existing forces in the financial policy system are still too strong and that we will continue to have to reckon with fiat politics. Incidentally, the dollarization of Argentina's economy is also an issue. #Argentina #miley #centralbank

Australia's Treasurer commits to an RBA board overhaul despite opposition. Central bank reform is in deadlock as parties clash over director appointments. The center-right opposition staunchly opposes any changes to the monetary board. #Australia #RBA #Treasurer #centralbank #finance #stockmarket #Paytm #mutualfunds #investment #Portfolio #PortfolioDay #job #jobopportunity #mnc #mnccompany #mncjobs

#Russian #CentralBank explores solutions for #Mir card acceptance abroad amid #sanctions 🏦💳🇷🇺 The Central Bank's ambitious goal of connecting 30 countries to the Mir payment system by 2030 remains intact. 👉Details — https://lnkd.in/ducee7TF #Russian #CentralBank #sanctions #PaymentSystem #Bank #finance #money #economy #CIS #Russia #DaryoNews

Cypriot and Hungarian Banks Lead Eurozone in Shareholder Profitability, EBA Report Shows #flexigroup #EuropeanBanks #EBAReport #CypriotBanks #EurozoneEconomy #FinancialPerformance

#MonetaryPolicy Third-generation banks' struggle under the central bank's loan cap policy is not unique. Historical precedents from the 1970s show similar policies in Japan, France, Italy, and Denmark. They show how well-meaning regulations can lead to reduced competition, increased lending rates, and unintended economic slowdowns. The banks call for reevaluating the loan cap policy amid stringent regulatory measures. Read more https://ow.ly/yjqx50RiMhO

Please have a look at a recent advisory published by my colleagues and me at Detail Commercial Solicitors, regarding the recent CBN Guideline on the Net Open Position of banks engaged in foreign currency operations. The developments, including the Central Bank of Nigeria Governor's comments in his ARISE News interview yesterday, point towards a trend of market reforms that promote transparency and liberalization of Nigeria's #fx market. While the long-term goal of the CBN is to encourage markets-driven FX liquidity in Nigeria, we may have a long and arduous journey of reforms ahead this year... reforms which may broadly impact a lot of sector operators (banks, IMTOs, BDCs, others) exposed to FX operations.  (Views expressed in this post are my own).

On 31st January 2024, the Central Bank of Nigeria issued the Circular on the Harmonisation of Reporting Requirements on Foreign Currency Exposures of Banks. We have summarized below, some of the outlined key prudential guidelines and requirements for banks operating within the Nigerian foreign exchange (“FX”) market. Remember to share across your network to those who would find this useful. #regulatorycompliance #banking #banks #financialinstitutions #forex #foreignexchange #Nigeria #policy #centralbank #DETAIL

Upcoming #centralbanks #ReferenceRate Decisions: Bank of Japan - 0.00% Bank of Mozambique - 15% Federal Reserve - 5.25% Central Bank of Brazil - 10.5% Bank of England - 5.25% Czech National Bank - 4.75% Past meetings and #interestrates decisions here: https://lnkd.in/dEy7DC_n #wproconnect #FOMC #centralbank

🔴Central Bank Governor, Nandalal Weerasinghe spoke on monetary policy at our conference 'Charting the Course : Revitalizing Economic Governance for Prosperity' Watch the full discussion on out YouTube channel. https://lnkd.in/gJasMtep #StateBank #funds #centralbank