Reserve Bank
Stay current with all the latest and breaking news from Reserve Bank, compare headlines and perspectives between news sources on stories happening today. In total, 345 stories have been published about Reserve Bank which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news from Reserve Bank, compare headlines and perspectives between news sources on stories happening today. In total, 345 stories have been published about Reserve Bank which Ground News has aggregated in the past 3 months.
Top Reserve Bank News
BusinessBanking stocks rose up to 1.5% after the Reserve Bank of India's Monetary Policy Committee (MPC) hiked rates. The central bank raised the repo rate by 50 basis points (bps) after a cumulative hike of 90 bps in the last three months to ease inflationary pressure on the economy.See the Story
RBI monetary policy hikes repo rate to 5.4% to pre-pandemic level, 3rd straight increase since May
58% Right coverage: 12 sources
Business · CanberraThe Reserve Bank of Australia will carry out a year-long pilot project to examine the potential benefits of a central bank digital currency. The RBA will partner with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group. CBDCs differ from digital tokens like Bitcoin as they are controlled by a central authority.See the Story
Australia's central bank launches digital currency project
47% Left coverage: 15 sources
Business · IndiaIMF has cut India’s growth forecast by 80 basis points to 7.4%. This is slightly higher than the Reserve Bank of India's growth forecast of 7.2%. IMF expects global growth to slow to 3.2% this year and 2.9% next year.See the Story
IMF cuts India's GDP outlook for FY23 to 7.4%
100% Right coverage: 3 sources
Latest News Stories
BusinessConsumer Price Index inflation fell to 6.71% in July from 7.01% in June. July marks the seventh straight month of retail inflation exceeding the Reserve Bank of India's upper target. A surge in inflation has prompted the Monetary Policy Committee to raise the policy repo rate to 5.4%—its third hike in a row.See the Story
CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June
67% Left coverage: 3 sources
Reserve BankRaghuram Rajan: India does not face economic problems like Sri Lanka and Pakistan. He lauded the RBI for doing a good job in increasing the reserves. India's forex stands at $571.56 billion for the week ended July 22. Sri Lanka's usable forex reserves dipped below $50 million.See the Story
Will India face economic problem like Sri Lanka, Pak? See Raghuram Rajan's reply
60% Left coverage: 5 sources
BusinessThe Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days. The existing repo rate of 4.9% is still below the pre-Covid level of 5.15%. The central bank sharply reduced the benchmark rate in 2020 to tide over the pandemic outbreak.See the Story
RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts
75% Right coverage: 4 sources
Reserve BankThe Switzer Report founder Peter Switzer says if the unemployment rate goes down the Reserve Bank will need to be “aggressive” with interest rate rises.
“It’s kind of a crazy situation where you kind of want it to rise if you’re worried about interest rates hurting the economy, hurting households,” he told Sky News Australia.See the Story
Unemployment rate drop could see ‘aggressive’ interest rate rise
100% Right coverage: 1 sources
Reserve Bank · AucklandThe NZ dollar notched up its best week in more than two years surging 3.4 percent last week to 64.5 US cents. The Monetary Policy Statement this week will be closely watched for signs Reserve Bank may be moderating its money tightening cycle. weaker than expected inflation data in the US had traders betting the Kiwi dollar would rise.See the Story
Kiwi dollar surges on weaker US inflation and anticipated Reserve Bank interest hike
Reserve Bank · New ZealandThe Reserve Bank's forecasts will hold more interest than the actual rate call next Wednesday. Another 50-basis-point hike to the Official Cash Rate - taking it to 3 per cent - is considered a near certainty. Financial markets are trying to front-run the central bank in the other direction, pricing a lower peak in the OCR cycle.See the Story
Double rate hike due this week, but what will RBNZ message be?
100% Center coverage: 1 sources
Reserve Bank · New ZealandKiwibank is cutting its three, four and five-year fixed rates. ASB, BNZ, Westpac and ANZ have all cut some of their retail rates. Infometrics economist Brad Olsen said if retail rates keep coming down, it could undermine what the Reserve Bank was trying to achieve.See the Story
Kiwibank cuts more home loan rates
100% Left coverage: 1 sources
Reserve Bank · ZimbabweThe Reserve Bank of Zimbabwe (RBZ) has committed to introducing lower denomination. Dr. Mangudya said the RBZ would be releasing smaller gold coins in mid-November to allow more buyers. The actual price when it is introduced will be the world price of gold for one-tenth of a troy ounce.See the Story
Zimbabwe: Reserve Bank to Release Smaller Gold Coins in November
100% Center coverage: 1 sources
