Michl pointed out that despite the current reduction, interest rates in the coming quarters will be higher than the CNB’s macroeconomic forecast would have predicted. He emphasized that the Bank Board is ready to respond adequately to the eventual fulfillment of the risks of the forecast. They assess these risks as pro-inflationary, in particular the … Read more
Published: 15.12.2023. It is planned that an account for keeping customer funds in euro in Latvijas Banka will be available to payment and electronic money institutions licensed within the European Economic Area (EEA) single market and in accordance with the European Union regulation on crypto-asset markets (Markets in Crypto-Assets or MiCA Regulation) requirements for licensed … Read more
Published: 13.12.2023. The events of the last year have raised the issue of the competition of Latvian commercial banks. Competition supervision is provided by the Competition Council, while the supervisor of the financial sector follows events and evaluates the stability and resilience of the banking sector, as well as the strategy of each individual bank … Read more
Prices for some Chinese cars began to decline due to full warehouses, experts from Otkritie Auto (the auto business unit of Otkritie Bank) reported. According to their data, only market leaders showed an increase in sales in November; as a result, a significant part of brands began not only to reduce recommended retail prices, … Read more
Published: 05.12.2023. The Bank of Latvia has announced another competition for students’ scientific research papers, the purpose of which is to promote the identification and analysis of macroeconomic problems of the Latvian and Eurozone economies, involving the most capable young economists in this work. The competition is being held for the 22nd time, and citizens, … Read more
Parallel imports of cars continue to fall. Thus, according to Otkritie Auto (the auto business unit of Otkritie Bank) and the Automarketer company, the volume of registrations of cars imported into Russia through parallel import channels in October decreased by 6% compared to September. In general, the share of parallel imports at the end … Read more
AvtoVAZ has raised prices again. This time, for the second time in November, prices for Lada Vesta NG sedans of two trim levels – Enjoy and Techno – have risen in price. As he writes cars, Each of the configurations has increased in price by 13 thousand rubles. As a result, the cost of … Read more
Written by Ahmed Yacoub Sunday, November 26, 2023 08:52 PM Announce Egyptian Central Bank About the appointment of Muhammad Abu Musa as Assistant Governor of the Central Bank of Egypt, as this position was recently created, making Abu Musa the first Assistant Governor. Abu Musa held the position of First Deputy Governor of the Central … Read more
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Bloomberg Línea — Although during the pandemic public social spending experienced record figures in the midst of the economic and social crisis, this injection of resources, which It is vital to finance education, housing, health policies, among other services.has been cutting back in Latin America. The central government’s social spending reached 11.5% of GDP in … Read more
04:52 PM Wednesday, November 22, 2023 Written by Manal Al-Masry: The Central Bank intends to apply small fees to transactions through the national network for real-time transfers, “InstaPay,” as well as to return to transfers between banks starting in January 2024, according to a Central Bank official whom Masrawy spoke to. The official explained that … Read more