Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
Mike Carney to stay till Brexit negotiations get over IFM Correspondent November 1, 2016: Bank of England governor Mike Carney has ended days of speculation by announcing that he will step down in June 2019, still two years short of a full term. He said he recognises the importance ‘to the country of continuity during...
Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...
Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...
Decision helps government regain investor confidence IFM Correspondent June 22, 2016: The Indian government led by Prime Minister Narendra Modi made sweeping changes to foreign direct investment (FDI) norms announcing easier terms and conditions for investors in sectors ranging from civil aviation to pharmaceuticals. The government has increased sectoral caps, raised limits under the automatic...