South Korea FX reserves fall in March on stronger dollar
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...
Tag : central bank
South Korea central bank hits record annual profit
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...
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...
Bank of Korea holds 2.5% rate and rolls out dot plot
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...
Bank of Japan lifts rates to highest level in 30 years
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...
Russia ramps up daily gold buying by 700% starting September 6
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...
Assets of Islamic banks in UAE surge by AED86 billion
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....
Central bank of Egypt unleashes bold monetary measures
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...
Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes
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...