Following the results of the meeting on Friday, the Central Bank of India decided to keep interest rates unchanged, while analysts had expected the Central Bank to raise interest rates in order to reduce inflationary pressure. The regulator left the direct repo rate at the level of 6.5% per annum and said that such a solution allows achieving the medium-term target of 4%. It is also reported that the Central Bank of India’s inflation forecast for the second financial half-year through March was lowered to 3.9% -4.5% from 4.8% previously projected, amid a slowdown in consumer prices in recent months.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...