#Central Banks
Saudi Arabia, the region’s biggest economy, cut its repurchase agreement (repo) rate and reverse repo rate by 25 bps each to 5 per cent and 4.5 per cent, respectively
Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves
Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise
In 2023, inflation is projected to decelerate to 3.2 per cent, on the back of softer price increases in all categories
Key findings of the latest Invesco Global Sovereign Asset Management Study based on the views of 139 chief investment officers, heads of asset classes and senior portfolio strategists
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
Oil has started the third quarter in strong form after dropping in June
CBDCs could serve a purpose that ordinary cash can’t, by creating a new channel for monetary policy
Digital money will have to co-exist with cash and other forms of tender