Brazil is considering a major shift in how investment funds are managed. The country's finance chief wants the central bank to take charge of overseeing these funds. This change could make the financial system more stable and secure. The idea came up after a bank called Banco Master SA ran into tro
Brazil's finance chief, Fernando Haddad, is pushing for a major shift in how the country's investment funds are overseen. He wants the central bank to take on this role, which is currently handled by the CVM, the securities regulator. This idea is still up for discussion among key government bodies,
Indonesia's central bank, Bank Indonesia (BI), is in the spotlight again. The president, Prabowo Subianto, has picked his nephew, Thomas Djiwandono, for a top role. This move has raised eyebrows, especially since Djiwandono isn't your typical central banker. He's a former businessman and current dep
India's approach to managing inflation seems to be working well. The country's central bank has a clear target: keep inflation around 4%. This goal has a bit of wiggle room, from 2% to 6%. This range is called a tolerance band. It's like a safety net to catch prices if they start to swing too much.
In the world of economics, few names stand out as much as Shamshad Akhtar's. She was a trailblazer, the first woman to lead Pakistan's central bank. At 71, she left behind a legacy that spanned decades and touched many aspects of Pakistan's economic life. Akhtar's career was marked by significant m
Gold is shining brighter than ever. Prices have skyrocketed, making this the best year for gold since the late 1970s. Why? Well, the world's feeling shaky. There's tension everywhere, from trade wars to conflicts in Europe and the Middle East. When things get uncertain, people flock to gold. It's li
In a move to stabilize the economy, Russia's central bank lowered its key interest rate to 16%. This decision came as inflation is easing, but the economy is still struggling to grow, partly due to the ongoing military actions in Ukraine. The central bank's announcement coincided with President Vla
Japan's finance chief, Satsuki Katayama, has raised concerns about the yen's wild ride in the currency markets. She warned that Japan might step in if things get too crazy. This comes after the yen took a nosedive, even though the Bank of Japan had just raised interest rates. Katayama was talking t
Bitcoin's value slipped under $90, 000 on Sunday, signaling a cautious mood among investors. This drop comes as traders brace for a week packed with important economic reports and central bank decisions. Bitcoin's price hovered around $89, 600 in the early afternoon, marking a slight decline of abo
Türkiye is making progress in its fight against inflation. The finance minister expects the annual rate to drop into the 20% range by February. This is a significant improvement from the 64%-65% seen over the past three years. The government's goal is to bring inflation down to single digits, but th
