RBI imposed a monetary penalty of ₹75 lakh on HDFC Bank over non-compliance with KYC norms. The RBI had also conducted a statutory ‘Inspection for Supervisory Evaluation’ of the bank, based ...

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...

China’s central bank has tweaked the pricing for one-year loans to commercial lenders, a move seen as a fresh sign that it is ...

St. Louis Fed President Alberto Musalem expects that the U.S. economy will continue to expand at a moderate pace, but risks ...

In June 2019, Facebook and its partners announced a plan to launch Libra, a private digital currency backed by financial assets. Their goal is to enable domestic and cross-border money transfer in a ...

The Bank of Canada is adjusting how it conducts monetary policy to navigate the massive uncertainty caused by U.S. President Donald Trump’s erratic tariff threats, Governor Tiff Macklem said ...

The Bank of England has kept the central interest rate at 4.5%, with policymakers warning of increased uncertainty over global trade due to new US tariffs. Eight of the nine members of the Bank's ...

The Bank of Japan (BoJ) is the central bank of Japan. Established under the Bank of Japan Act in 1882, it is a juridical entity and neither a government agency nor a private corporation.

The Bank of Japan is set to hold the benchmark rate at the current level of 0.5 per cent on Wednesday. Markets are nearly certain of that outcome and so are we: the policy board has struck a ...

Understanding the nuances of monetary policy can significantly influence your financial decisions. From savings accounts to ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less.

Statement by Mark Carney, Governor of the Bank of Canada to the Standing Senate Committee on Banking, Trade and Commerce Mr. Chairman, the sharp movement and wide swings in interest rate spreads that ...