Latest News for: Asia central banks

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Weak rupee may force RBI to sell dollar

The Telegraph India 24 Mar 2023
The Reserve Bank of India (RBI) may be forced to raise rates because of the depreciation in the rupee, which could pinch the economy, Moody’s Analytics said on Thursday. The economies in emerging Asia will outperform the emerging markets, Moody’s said, but their central banks could find themselves in a spot because of currency weakness.
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Asian shares surge, dollar slips after Fed hints at rate pause

Reuters 23 Mar 2023
Focus now shifts to the Bank of England, with investors expecting a quarter-percentage-point increase in its policy rate after a surprise jump in inflation squashed hopes of the central bank pausing its tightening campaign ... MarketscategoryNew Zealand central bank says economy slowing, still not sure if rates high enough.
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Greater risk of rupee weakness; RBI could press hard on brakes: Moody's

Beijing News 23 Mar 2023
The risk of weakness in currencies in the emerging economies in Asia is worrisome, and more so the risk is greater in India with a new bout of rupee weakness, which could force the Reserve Bank of India to "press harder on the brakes", according to Moody's Analytics.
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World Bank puts cost of rebuilding Ukraine at $411 billion

Morning Times 23 Mar 2023
In all, the World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broader economic damage. The damage would be even worse if not for the strong defense mounted by the Ukrainian forces, Anna Bjerde, the World Bank vice president for Europe and Central Asia, noted in a call with reporters.
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World Bank releases Ukraine cost report

Arkansas Democrat-Gazette 23 Mar 2023
In all, the World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broader economic damage. The damage would be even worse if not for the strong defense mounted by the Ukrainian forces, Anna Bjerde, the World Bank vice president for Europe and Central Asia, noted in a call with reporters.
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How much will it cost to rebuild Ukraine? World Bank says…

Hindustan Times 23 Mar 2023
In all, the World Bank calculated $135 billion in direct damage to buildings and infrastructure so far, not counting broader economic damage ... The damage would be even worse if not for the strong defense mounted by the Ukrainian forces, Anna Bjerde, the World Bank vice president for Europe and Central Asia, noted in a call with reporters.
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Market Talk – March 23, 2023

Armstrong Economics 23 Mar 2023
China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds ... Despite recent turmoil in the banking sector, the central bank has continued to raise rates.
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Asian central banks should be relieved U.S. Fed continued to hike interest rates, economist says

CNBC 23 Mar 2023
Alicia Garcia-Herrero of Natixis says it's better for Asia's central banks to know that the U.S. Federal Reserve is "on top of inflation." ... .
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The cost of Putin's invasion: Ukraine will need £335 BILLION to rebuild Russian destruction, has ...

The Daily Mail 23 Mar 2023
The damage would be even worse if not for the strong defence mounted by the Ukrainian forces, noted Anna Bjerde, the World Bank vice president for Europe and Central Asia ... pressure to finance spending through printing money at the central bank, the IMF said in a statement.
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Cost of rebuilding Ukraine due to Russian war $411bn: World Bank

Al Jazeera 23 Mar 2023
Ukraine’s reconstruction will “take several years”, the World Bank’s Vice President for Europe and Central Asia Anna Bjerde said on Wednesday ... “Supporting these critical services continues to be a priority, and Ukraine needs about $3-4 billion per month to sustain them,” the bank’s Bjerde wrote at the time ... — World Bank (@WorldBank) March 22, 2023.
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World Bank puts cost of rebuilding Ukraine at hundreds of billions

Irish Independent 22 Mar 2023
At least 9,655 civilians confirmed dead, including 465 children; nearly two million homes damaged; more than one out of five public health institutions damaged; and 650 ambulances damaged or looted.In all, the World Bank calculated 135 billion dollars (£110 billion) in direct ...
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Ukraine needs more than $410bn for recovery and reconstruction

Business Day 22 Mar 2023
The largest proportionate increase was in energy, where damage was more than five times the level seen in June 2022, the World Bank said ... The World Bank’s vice-president for Europe and Central Asia, Anna Bjerde, hailed Ukraine’s resilience and determination in tackling the urgent recovery and reconstruction needs.
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Ukraine needs $411 bn for reconstruction, recovery: World Bank

Urdu Point 22 Mar 2023
Ukraine's reconstruction and recovery needs have grown to $411 billion, just over a year since Russia's invasion, the World Bank said on Wednesday ... Ukraine's reconstruction will "take several years," said the World Bank's vice president for Europe and Central Asia, Anna Bjerde.
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Cost of Ukraine reconstruction revealed

Russia Today 22 Mar 2023
... Bank, the European Commission, and the UN ... According to the World Bank’s vice president for Europe and Central Asia, Anna Bjerde, the reconstruction of Ukraine will “take several years,” with the official providing no estimates as to when it might actually begin.
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Ukraine needs $411 billion for reconstruction, recovery: World BankLatest evaluation expects Kyiv to require $14 ...

Deccan Herald 22 Mar 2023
Ukraine's reconstruction and recovery needs have grown to $411 billion, just over a year since Russia's invasion, the World Bank said Wednesday ... Ukraine's reconstruction will "take several years," said the World Bank's vice president for Europe and Central Asia, Anna Bjerde ... World Bank.

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