Introduction The Philippine central bank is expected to raise its main interest rate by 25 basis points on Thursday, followed by another hike in the next quarter, according to a Reuters poll. This move comes after a 50 basis point increase in February, bringing the total to 400 basis points.

Introduction Philippine financial authorities have expressed optimism that the deepening global banking crisis will not pose a significant risk to the local industry and domestic economy. Despite the string of bank failures and fears of contagion in global financial markets, the Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla believes.

  The Pressure on the Banking Industry Executives in the banking industry are growing increasingly nervous as the Federal Reserve considers further interest rate increases. At a recent meeting of the Virginia Bankers Association, Richmond Fed President Thomas Barkin acknowledged that “everywhere I go in the industry people are feeling.

  Introduction: Goldman Sachs, the American multinational investment bank, has reduced its economic growth forecast for the euro zone due to ongoing stress in the global banking system and an increase in economic uncertainty. The investment bank predicts a 0.3% hit to the euro zone’s real gross domestic product (GDP),.

China’s central bank, the People’s Bank of China (PBOC), has announced a reduction in the amount of cash banks must hold as reserves, a move seen as a timely response to growing pressures in the domestic banking industry and rising risks abroad. State-owned Chinese newspaper, China Securities Journal, hailed the.

According to state-owned newspaper Shanghai Securities News, Xuan Changneng, a deputy governor at the People’s Bank of China, spoke at the Global Asset Management Forum in Beijing on Saturday about the recent collapse of Silicon Valley Bank and its potential implications for financial institutions. Changneng noted that the collapse demonstrated.

The People’s Bank of China (PBOC) has injected liquidity into the banking system in response to rising pressures in the domestic banking industry and growing risks abroad. The move was considered “timely” by a state-owned Chinese newspaper. On Friday, the central bank reduced the amount of cash banks must hold.

Introduction Australia’s biggest banks, including Westpac, ANZ Group Holdings, Commonwealth Bank, and National Australia Bank, are facing significant refinancing challenges as global markets reel from concerns about bank stability and liquidity. With a total of A$300 billion worth of funding to refinance in fiscal years 2023 and 2024, this is.

Introduction Goldman Sachs, one of the world’s leading investment banks, has revised its forecast for the European Central Bank’s (ECB) interest rate hike due to concerns about inflation. The bank has lowered its estimate from 50 basis points to 25 basis points, pushing its ECB terminal rate forecast to 3.5%.

Introduction: The Bangko Sentral ng Pilipinas (BSP) has revised its projections for the country’s current account deficit and balance of payments (BOP) deficit for 2023 and 2024. The central bank expects a current account deficit of $17.1 billion for 2023, which is narrower than its previous projection of $19.9 billion..

Bank Indonesia (BI) Governor Perry Warjiyo has announced that the central bank will intervene in the currency market to address the impact of market uncertainty linked to the closure of some U.S. banks and problems at Credit Suisse. Speaking after a second straight meeting where interest rates were left unchanged,.

Introduction: Switzerland’s central bank’s recent decision to back Credit Suisse Group AG has given the embattled lender a chance to redeem itself after its collapse in confidence shook global markets. This article will delve into the factors that led to the downfall of Credit Suisse, the impact of the central.