Kenya seeks to tighten regulatory reign over digital payments
t Safaricom controls 98% of the country’s mobile money market, while Airtel Money and other money providers account for just 1.2%...
Tag : central bank
British banks prepare for negative interest rates
For now, the the central bank has avoided falling into negative interest rates; former governor urges people to stash money at home...
CIB slumps as chairman steps down under central bank orders
Former chairman Hisham Ezz al-Arab was urged to step down from his position over governance concerns...
Bank of Japan urges central banks to understand the nuances of digital currency first
The bank emphasises the importance of understanding digital currencies and the consequences of issuing them...
South Africa to restructure GDP data September onwards
The start year for calculating GDP will be updated to 2015 from the existing year of 2010...
Brazil proposes banking bill in case of financial crisis
Central bank proposed the bill which will mandate the use of public funds to bailout financial firms...
Bank of Thailand to use monetary policy to fight economic downturn
The central bank cut borrowing costs to 1.25 percent earlier this month...
Islamic Banking regulations approved by the government of Uganda
The Central Bank will soon publish the new approved regulations...
The Central Bank of Russia drops key rate to 7.5%
Last year’s high-low fluctuation has led to a quarter-point rate cut...
FIFA World Cup fails to lift Brazil, shows apex bank data
Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...