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RBI using suptech to oversee rapidly growing fintech sector – Das

RBI using suptech to oversee rapidly growing fintech sector – Das

The Reserve Bank of India is drawing on new technology to support its supervision as it looks to keep up with the proliferation of fintech firms in the country, governor Shaktikanta Das said in recent…

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Canada removes forward guidance and maintains policy rate

Canada removes forward guidance and maintains policy rate

The Bank of Canada kept interest rates unchanged but removed its forward guidance today (January 26). The policy interest rate stands at 0.25%.   Economic slack was absorbed “faster than expected” in late 2021, the…

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RBI sheds new light on debt management strategy

RBI sheds new light on debt management strategy

The Reserve Bank of India (RBI) has adopted a new approach to communicating its debt management strategy, unveiling a three-year plan on December 31. The medium-term debt management strategy (MTDS) document lays out the RBI’s…

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BoE’s Bailey extols virtues of ‘meeting varied people’

BoE’s Bailey extols virtues of ‘meeting varied people’

The Bank of England is looking to improve the diversity of its market intelligence contacts through the ‘meeting varied people’ initiative, launched today (April 21) by governor Andrew Bailey. Speaking at an online event, Bailey said…

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Pakistan’s central bank asks government to rethink Afghan scheme

Pakistan’s central bank asks government to rethink Afghan scheme

The State Bank of Pakistan Pakistan’s central bank has asked the government to reconsider its request to funnel donations to Afghanistan, saying the move risks breaking international regulations.   The Express Tribune, a Karachi newspaper,…

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Mozambique’s government owes central bank over $600 million – auditors

Mozambique’s government owes central bank over $600 million – auditors

External auditors expressed “reservations” about the Bank of Mozambique’s 2019 financial statements, saying the government is not paying a $600 million debt to the central bank. The criticism follows “adverse opinions” issued against the 2017…

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Minutes highlight scale of BoE’s Covid-19 redeployment

Minutes highlight scale of BoE’s Covid-19 redeployment

Minutes of the Bank of England’s April board meeting shed new light on the massive programme of staff redeployment the central bank was forced to implement as the Covid-19 epidemic broke out in the UK.…

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Long-serving Bank of Uganda governor dies

Long-serving Bank of Uganda governor dies

The governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, died on January 23 at Nairobi Hospital, in the Kenyan capital. He was 72. The central bank did not give a cause of death in its…

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Central banks essential to preserve trust in money – Carstens

Central banks essential to preserve trust in money – Carstens

As technological evolution transforms the financial landscape, central banks play an essential role in preserving trust in money, said Agustín Carstens in a speech on January 18. The general manager of the Bank for International…

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MAS uses machine learning to spot market manipulation

MAS uses machine learning to spot market manipulation

The Monetary Authority of Singapore has started using an advanced data science tool named Apollo to help enforcement officers detect misconduct in financial markets, the central bank said in its inaugural enforcement report. Developed in-house…

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