This is the fifth hike this year and the 12th since May 2022. The central bank on Tuesday increased the policy rate by 50 basis points to 10%, which will be effective from October 27, the central bank ...

Central banks were supposed to bring stability to financial markets, but have they actually made economies more fragile? From early European banking families to the rise of the Bank of England, the ...

India's central bank is examining foreign shareholding norms and licensing rules for banks as a part of a broader review, ...

Central banks around the world are faced with conflicting forces as the tariff wars continue. The Reserve Bank of Australia ...

Three Fed Presidents Warn Don't Expect Recession or Rate Cuts By Vicky Ge Huang Three Federal Reserve Bank presidents said Tuesday that while there's no recession in the forecast, there's no rate cut ...

The disclosure by the Federal Reserve that it plans to slash its workforce by 10 percent in coming years strikes us as ...

Growth in the developing economies of Europe and Central Asia is expected to slow significantly to 2.5% on average in 2025-26 in the face of profound global uncertainty. To boost competitiveness and ...

Federal Reserve Chair Jerome Powell told staff in a memo Friday the central bank will be lowering its staffing levels in the ...

The Federal Reserve plans to reduce the agency’s head count by 10% over the next “couple” of years. In a memo sent internally ...

In an internal memo to staff on Friday, the central bank’s chair, Jerome H. Powell, said it would offer a voluntary deferred ...

The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo by Fed Chair ...

The Federal Reserve is planning to reduce its headcount by about 10% in the next couple of years, mainly through attrition, Bloomberg News reported May 16, citing a memo by the Fed Chair Jerome Powell ...