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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Mansur announced plans to hike the benchmark rate by 50 basis points to 9%, and stated that rates would hit 10% within the coming months. in 2023 and is forecast to hit 5.8% per greenback.

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Bond Yields Surge in Europe as Old Jitters Return

CFO News Room

The benchmark 10-year U.S. That was well above forecasts from economists who had expected a larger drag from the latest wave of Covid-19 cases. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . on Friday.

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JPMorgan On Corporate Treasurers And Their ‘Digitization Journey’

PYMNTS

However, those data attributes are critical when it comes to automatically reconciling incoming and outgoing payments, and for supporting cash flow forecasting. Larger, more established firms may have specific pain points to address, such as foreign exchange (FX) mismatches across several accounts.

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Central Banker Report Cards 2024: Europe

Global Finance

this year, although the International Monetary Fund (IMF) is forecasting a more modest 2.4%. to 3%, a bit higher than forecast by CBBH six months ago. According to ING, most forecasts suggest this year will see an increase in GDP of between 2.5-3%, For 2024, the IMF forecasts inflation to drop from 38.4% as of July.

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Central Banker Report Cards 2024: The Americas

Global Finance

This has resulted in foreign exchange rationing and the emergence of parallel-market exchange rates in the context of a stabilized currency regime.” In June, the CBC had paused its easing cycle, following seven consecutive reductions over the past year that lowered the country’s benchmark Selic interest rate to 10.5%.

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World’s Best Sub-Custodian Banks 2024: Regional Winners

Global Finance

Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreign exchange offerings to ensure seamless management of custody-related transactions. Beyond its local footprint, its custody business is complemented through a 14-year partnership with J.P.

Banking 52
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World’s Best Sub-Custodian Banks 2024: Regional Winners

Global Finance

Additionally, this suite of custody services is integrated with the bank’s transaction banking and foreign exchange offerings to ensure seamless management of custody-related transactions. Beyond its local footprint, its custody business is complemented through a 14-year partnership with J.P.

Banking 52