SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
Tag : central bank
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The...
China pledges tech support, trade balance and market reforms
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The...
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of...
TOKYO, December 20, 2025: The Bank of Japan on Friday raised its benchmark interest rate to the highest level in three decades, marking another milestone in its gradual departure from ultra-loose monetary policy. The central bank...
MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each...
The Central Bank of the UAE (CBUAE) has released its latest statistics, revealing a significant surge in the assets of Islamic banks within the country. Over the past 12 months, these institutions have seen their...
The Central Bank of Egypt (CBE) has announced a significant shift in monetary policy, opting to let market dynamics dictate the value of the Egyptian pound (EGP). Simultaneously, the bank has raised interest rates by...
In a decisive move to tackle rampant inflation, Turkey's central bank announced a significant hike to its benchmark interest rate from 30% to 35% this Thursday. This adjustment aligns with the forecasts made by economists...