FinNotes

6 matches across 1 sections

Market news & articles

Central Banks & Policy · a day ago

Ethiopia Sets Record 2.34 Trillion Birr Budget, With Deficit Seen at 1.4% of GDP

Ethiopia approved a draft federal budget of 2.34 trillion birr for the next fiscal year, about 21% higher than the previous year, with spending directed to regular and capital outlays and transfers to regional governments. Authorities expect a budget deficit of 1.4% of GDP, while debt restructuring talks, including with Eurobond holders, continue.

Economy · 2 days ago

Macron to host Thursday video talks with G7, China and IMF on global economic imbalances

French President Emmanuel Macron is set to chair a Thursday video conference on global economic imbalances involving G7 members, China and the International Monetary Fund. Other countries invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, are also expected to take part.

Central Banks & Policy · 2 days ago

Bank of Canada Keeps Overnight Rate at 2.25% as Growth Weakens and Inflation Stays Elevated

The Bank of Canada left its overnight rate unchanged at 2.25%, saying weaker economic activity and higher inflation complicate policy decisions. Officials said inflation is expected to be near 3% in coming months, broad-based price pressures from energy remain limited, and growth is projected to resume in the second quarter while economic slack persists.

Central Banks & Policy · 3 days ago

RBI launches 1.5% dollar-rupee swap window for PSU ECBs, banks’ overseas borrowings and FCNR-B deposits

The Reserve Bank of India introduced a US dollar-rupee forex swap facility on June 8, letting eligible banks swap dollars at the FBIL reference rate and reverse at 1.5% per year, up to five years. It applies to PSU external commercial borrowings, banks’ overseas foreign currency borrowings, and certain FCNR-B deposits raised within specified windows.

Central Banks & Policy · 3 days ago

Bank Indonesia delivers surprise 25-bp rate hike to 5.50% as rupiah hits record lows

Bank Indonesia raised its benchmark rate by 25 basis points to 5.50% in an unexpected off-cycle move after the rupiah weakened more than anticipated and hit 18,190 per U.S. dollar. The central bank set the deposit facility at 4.50% and the lending facility at 6.25%, and announced measures aimed at supporting the currency and foreign inflows.

Central Banks & Policy · 5 days ago

South Korea’s President Lee taps ex-Naver CEO Han Seongsook as prime minister nominee, citing AI push

South Korean President Lee Jae Myung nominated Han Seongsook, a former chief executive of internet portal operator Naver, to serve as prime minister. The presidential office announced the nomination on Sunday and said the appointment is intended to support the government’s artificial-intelligence policy agenda and broader economic strategy.