Central Banks Continue Gold Purchases
The World Gold Council (WGC) has reported that central banks across the globe have continued their gold buying in October, as net monthly purchases for the month added up to 42 tons.…
OECD Warns Central Banks Could Set Off Global Recession In Developed Nations
In its new Global Outlook, the Organization for Economic Cooperation and Development (OECD) has warned that the efforts of central bankers to gain control over the world’s soaring inflation is…
Türkiye Hikes Interest Rates To 40%
In Thursday, the central bank of Türkiye increased its key interest rate to 40% as the nation continues to grapple with a skyrocketing inflation. The increase marked another 500 basis…
Central Banks Buying Gold At Record Pace
The World Gold Council has released its Gold Demand Trends report for the third quarter of the year and it shows that between January and September of 2023, central banks…
Russia Sees Its Gold Reserves Hit Record High
On Thursday, RIA Novosti reported that September data from the world’s central banks showed that Russia’s gold bullion reserves hit an all-time high. The news agency calculated that in September,…
Russia Hikes Key Interest Rate
On Friday, the Bank of Russia increased its key interest rate by 200 basis points to 15% per year, noting that inflation in the Russian economy had increased significantly, to…
China Central Bank Head Pledges To Sustain Economic Recovery
In a report released on Saturday, People’s Bank of China Governor Pan Gongsheng said the Chinese government plans to promote a sustained economic recovery by investing in measures to increase…
China’s Central Bank Vows To Support Demand And Prices
The Financial News, a publication put out by the People’s Bank of China (PBOC), wrote Wednesday that the central bank of China will look to increase demand and support a…
ECB Likely To Raise Rates 25 Basis Points
Reuters reported on Tuesday that according to a source with direct knowledge of the discussions among rate-setters, the European Central Bank expects inflation within the Eurozone to remain above 3%…
India Central Bank Promotes E-rupee With New Features
According to a new report from Reuters which cites six sources familiar with the matter, the Reserve Bank of India is looking to popularize its new central bank digital currency…
