Poland’s Central Bank Chief Is Fighting the Battle of His Career as Probe Starts: It’s past noon on the most important day of the month, and Poland’s monetary ...
bloomberg.com/news/articles/2024-03-27/poland-s-central-bank-chief-is-fighting-the-battle-of-his-career-as-probe-starts
French Inflation Slows to Lowest Level Since August 2021: French inflation eased below 3% for the first time in 2 1/2 years, confirming a trend that has tipped ...
bloomberg.com/news/articles/2024-03-29/french-inflation-slows-to-lowest-level-since-august-2021
Obama, Clinton on why Americans don't love the Biden economy: Former presidents Barack Obama and Bill Clinton dug into an issue that has vexed economists ...
reuters.com/world/us/obama-clinton-why-americans-dont-love-biden-economy-2024-03-29/
Quick Glance: Significant Donations for Biden at Election Fundraiser in NYC
- A fundraising event for President Joe Biden in New York City, featuring Barack Obama and Bill Clinton, raised an impressive $25 million, setting a record for the highest fundraising amount for a political gathering, according to his campaign.
- The upcoming event at Radio City Music Hall will serve as a prominent highlight following a recent series of campaign travels by the president. Biden's visits to various political battlegrounds in the weeks since his State of the Union address have emphasized his bid for reelection. Furthermore, the event will bring together more than thirty years of Democratic leadership.
- With varying levels of access based on donors' generosity, the event will feature a significant aspect, an on-stage discussion among the three presidents, moderated by late-night host Stephen Colbert. Additionally, a lineup of musical talents, including Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, and Lea Michele, will be hosted by actress Mindy Kaling. Attendance is expected to be high, with ticket prices starting as low as $225.
- The support of Obama and Clinton is assisting Biden in further strengthening his substantial financial lead over Trump. As of the end of February, Biden had $155 million in available funds, in contrast to Trump's $37 million and his Save America political action committee.
Gas and district heating more expensive from April 1st - that's how much prices are rising
focus.de/finanzen/news/hohe-mehrbelastung-gas-und-fernwaerme-ab-1-april-teurer-so-stark-steigen-die-preise_id_259808110.html
Ukraine’s Economy Grew 5.3% Last Year After Collapse in First Year of War - Bloomberg
bloomberg.com/news/articles/2024-03-28/ukraine-s-economy-grew-5-3-last-year-after-collapse-in-first-year-of-war
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Spain's economy is thriving: Why it's growing more than its EU rivals: The Spanish economy is thriving, with tourism, domestic spending ...
euronews.com/business/2024/03/29/spains-economy-thrives-why-its-growing-more-than-its-eu-rivals
Controversial former Chancellor: Schröder does not want to be erased from SPD history
spiegel.de/politik/deutschland/gerhard-schroeder-altbundeskanzler-will-in-der-spd-geschichte-praesent-bleiben-a-cfc63cac-b41e-412b-a13b-b2f006c560c6
Experts agree: Interest rate cut in June seems to be fixed: But how much the key interest rates will fall this year remains an open question for economists: one ...
kleinezeitung.at/wirtschaft/18319648/april-ist-jetzt-vom-tisch-aber-zinssenkung-im-juni-scheint-fix
Christopher Nolan and Emma Thomas to receive a knighthood and damehood: The pair have worked on a string of films and are being honoured for services to their ...
bbc.com/news/entertainment-arts-68683313
Quick Glance: Knighthood Awarded to Christopher Nolan After 'Oppenheimer' Oscars Triumph
- Honoring Christopher Nolan with a knighthood and Emma Thomas with a damehood recognizes their significant impact on the film industry.
- Nolan's path to knighthood resembles a captivating journey full of twists, paying homage to his own intricate narratives.
- The Oscar victory for Oppenheimer, Nolan's gripping exploration of J. Robert Oppenheimer's life and the creation of the atomic bomb, signifies a peak in his career.
- Thomas' exceptional attention to detail and deep understanding of filmmaking played a crucial role in bringing Nolan's visionary projects to fruition.
Robert Habeck in an interview: “If Putin isn’t stopped, he won’t stop”: A conversation with Economics Minister Robert Habeck about German commitment to Ukraine ...
faz.net/aktuell/politik/inland/robert-habeck-wenn-putin-nicht-gestoppt-wird-hoert-er-nicht-auf-19619177.html
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🔊 Xenophobia in Germany is making it hard for local companies to hold onto skilled foreign workers. Listen to @reuters_csteitz explain the fallout for ...
reut.rs/49mWerm
Ukraine 'not fully satisfied' with new EU deal on grain, says minister: Ukraine is "not fully satisfied" with the latest grain deal agreed by ...
euronews.com/my-europe/2024/03/29/ukraine-not-fully-satisfied-with-new-eu-grain-deal-but-can-make-it-work-says-agriculture-m
Growth of 0.1% - institutes revise forecast significantly downwards: Economists had originally estimated economic growth in Germany at 1.3%. However ...
de.euronews.com/business/2024/03/27/wachstum-von-01-institute-korrigieren-prognose-deutlich-nach-unten
India keen on trade deals with Britain, Oman early in Modi's probable third term, sources say
reuters.com/world/india/india-keen-trade-deals-with-britain-oman-early-modis-probable-third-term-sources-2024-03-29/
ECB likely to start with 'moderate' rate cut this spring, Villeroy says: The European Central Bank (ECB) is likely to start off with a "moderate" interest rate ...
reuters.com/markets/europe/ecb-likely-start-with-moderate-rate-cut-this-spring-villeroy-2024-03-28/
The end of airmail: Swiss Post no longer flies letters through Germany: The postal service no longer has to be as fast, but it does have to be more ...
n-tv.de/wirtschaft/Post-fliegt-keine-Briefe-mehr-durch-Deutschland-article24836831.html
Quick Glance: End of German Airmail: Post Adopts Greener Transport Methods
- The Deutsche Post has ceased the domestic transport of letters by airplane to reduce costs and improve its carbon footprint.
- The night airmail network, established in 1961, was discontinued due to decreasing demand for letters and changes in communication habits.
- Although the end of transport flights may increase the delivery time of letters, the Post continues to use airmail for international correspondence.
- The transition to more environmentally friendly transport methods demonstrates the Deutsche Post's commitment to acting sustainably and adapting to current trends.
Large-scale influence operation: How deep is the AfD in the Russia swamp?: Several hundred thousand euros are said to have flowed from Russia to politicians in ...
spiegel.de/politik/deutschland/afd-spendenaffaere-neue-enthuellungen-ueber-geldfluesse-aus-russland-a-0633977a-c07f-484b-b6f7-b826b52ed8ad
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Ukraine war: experts warn of Russian campaign: Russia has been conducting a massive information campaign in the West since the beginning of the invasion of ...
t-online.de/nachrichten/ukraine/id_100374056/ukraine-krieg-experten-warnen-vor-russischer-kampagne.html
Europe now has its own Hyperloop: 400 meters, that's how long the test track in the Netherlands is; including a curve. Speeds of up to 100 km/h should be ...
diepresse.com/18318304/europa-hat-jetzt-seinen-eigenen-hyperloop
Among others from the AfD: Public prosecutor's office rejects complaints against Correctiv
n-tv.de/politik/Staatsanwaltschaft-weist-Anzeigen-gegen-Correctiv-zurueck-article24838591.html
Schröder hopes that his good relationship with Putin could perhaps be helpful: “It is obvious that the war cannot end with a total defeat for one side or the ...
welt.de/politik/deutschland/article250781284/Schroeder-hofft-dass-sein-gutes-Verhaeltnis-zu-Putin-vielleicht-noch-hilfreich-sein-koennte.html
Musk's xAI to launch improved version of chatbot: Elon Musk's artificial intelligence startup xAI said on Thursday it will launch an enhanced version of its ...
reuters.com/technology/musks-xai-launch-improved-version-chatbot-2024-03-29/
Greek Banks Set for First Payouts Since 2008 on ECB Approval: The European Central Bank will allow Greek banks to make their first shareholder payouts in over a ...
bloomberg.com/news/articles/2024-03-28/ecb-poised-to-allow-greek-banks-to-pay-first-dividend-since-2008
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ECB’s Panetta Sees Time to Cut Nearing on ‘Rapid’ Inflation Drop: European Central Bank Governing Council member Fabio Panetta said the growth in consumer prices ...
bloomberg.com/news/articles/2024-03-28/ecb-s-panetta-sees-time-to-cut-nearing-on-rapid-inflation-drop
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Fear of the four-day week: Stihl flirts with Switzerland as a location: First it was Miele and now it's Stihl: one traditional brand after another is turning its ...
focus.de/finanzen/news/angst-vor-der-vier-tage-woche-kettensaegen-koenig-stihl-liebaeugelt-mit-der-schweiz-als-standort_id_259802292.html
Quick Glance: Stihl considers Switzerland as a location
- Stihl and Miele consider leaving Germany.
- Stihl plans production site in Switzerland.
- Stihl views Germany as uncompetitive.
- Companies call for measures to strengthen the German economy.
SNB's Schlegel sees need for analysis of UBS's capital requirements: The Swiss National Bank's vice chairman called for an in-depth review of UBS's capital ...
reuters.com/business/finance/snbs-schlegel-sees-need-analysis-ubss-capital-requirements-2024-03-28/
Nigeria's central bank sets minimum capital base for banks: Nigeria's central bank on Thursday announced new minimum capital requirements for banks in a bid to ...
reuters.com/world/africa/nigerias-central-bank-sets-minimum-capital-base-banks-2024-03-28/
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2024-03-28/ftse-100-what-s-moving-uk-markets-right-now-markets-today
Younger people’s pensions can’t be sacrificed to keep rich boomers happy: It's time to means test the state pension
inews.co.uk/opinion/younger-people-pensions-sacrifice-rich-boomers-2978690
Europe’s economy is under attack from all sides: First Putin, now Xi. Next Trump?
economist.com/finance-and-economics/2024/03/26/europes-economy-is-under-attack-from-all-sides
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Minister Robert Habeck emphasizes the need for a strong defence industry: According to Habeck, Germany must arm itself in view of the changed global threat ...
berliner-zeitung.de/news/nach-habecks-treffen-mit-ruestungsindustrie-deutschland-und-europa-muessen-aufruesten-li.2200784
After being accused of Islamism: Antonio Rüdiger comments on Instagram post: Antonio Rüdiger posts a photo on Instagram, the gesture he makes on it is ...
n-tv.de/sport/fussball/Antonio-Ruediger-aeussert-sich-zu-Instagram-Post-article24836918.html
Quick Glance: Rüdiger and DFB Take Legal Action Against Reichelt
- Antonio Rüdiger and the DFB respond to Julian Reichelt's criticism with legal measures.
- Reichelt claimed Rüdiger made an Islamist gesture, which both deny.
- The Federal Ministry of the Interior deems the religious gesture unproblematic.
- DFB condemns racist comments against U-17 players, emphasizing diversity and respect.
UK public's inflation expectations fall again in March - Citi/Yougov survey shows
reuters.com/world/uk/uk-publics-inflation-expectations-fall-march-citiyougov-2024-03-28/
Foreign employees flee: Shift to the right in Germany scares off skilled workers: Ever since the meeting between AfD officials and right-wing extremists ...
n-tv.de/wirtschaft/Rechtsruck-in-Deutschland-schreckt-Fachkraefte-ab-article24836693.html
Britain to slow rise of minimum wage from 2025, government says: Britain's government has ended its push to use increases in the minimum wage to narrow the gap ...
reuters.com/world/uk/britain-slow-rise-minimum-wage-2025-government-says-2024-03-28/
Julian Harris: Thames' Stink Will Last a While: On the one hand, human ingenuity is phenomenal. On the other, our ability to create complex systems has led ...
bloomberg.com/news/newsletters/2024-03-28/julian-harris-thames-stink-will-last-a-while
Quick Glance: Thames Water Directors Discuss Utility's Future
- The board of Thames Water engaged in crucial discussions as shareholders consider diluting a funding pledge. Shareholders, including the Universities Superannuation Scheme (USS) and China's sovereign wealth fund, may retract hundreds of millions of pounds in promised funding.
- Thames Water, employing about 7,000 people and serving nearly a quarter of the British population, is grappling with over £15 billion in debt. Shareholders had committed to provide £3.25 billion in the coming years, with the initial £750 million slated for this year.
- The shareholders' decision to reduce financial support could leave the heavily indebted company with few viable options to secure its future. Sky News previously reported that Whitehall officials had prepared contingency plans for Thames Water's potential collapse.
- Thames Water, serving 15 million customers in London and the south-east of England, has faced significant pressure due to leaks, sewage contamination, executive pay, and dividends. The prospect of temporary nationalisation in the event of a collapse could cost taxpayers billions.
“A very bad agreement”: Macron wants to completely renegotiate Mercosur: Macron duped his Brazilian hosts with clear words: in São Paulo he called for a new ...
spiegel.de/wirtschaft/mercosur-emmanuel-macron-fordert-neuverhandlung-des-abkommens-mit-brasilien-a-9efd7789-ef14-4cbb-8965-03a97e4ba984
Bank of England Research Shows AIM Investment Boost from Tax Cut: A natural experiment in the UK reveals an intuitive truth.
bloomberg.com/news/newsletters/2024-03-28/bank-of-england-research-shows-aim-investment-boost-from-tax-cut
France's Macron says EU-Mercosur proposal is 'very bad deal' on visit to Brazil: French President Emmanuel Macron said on Wednesday during his visit to Brazil ...
reuters.com/world/frances-macron-says-proposed-eu-mercosur-agreement-is-very-bad-deal-2024-03-27/
Why Isn't Dental Health Considered Primary Medical Care?: Ailments of the mouth can put the body at risk for a slew of other ills. Some practitioners think ...
knowablemagazine.org/content/article/health-disease/2024/why-isnt-dental-health-considered-primary-medical-care
“There are 2.6 million Germans between the ages of 20 and 35 here, who do not have vocational qualifications.” ⚙️💼
We asked Germany’s Vice-Chancellor Robert ... Show more
RKI files: Green politician suspects secret service operation: The Green Party politician Janosch Dahmen warns that “foreign intelligence services” would be ...
nordkurier.de/politik/rki-files-gruenen-politiker-vermutet-geheimdienst-operation-2383560
Euro-Area Economic Confidence Improves, Feeding Turnaround Hopes: Euro-area economic confidence improved, supporting expectations that the region can soon move ...
bloomberg.com/news/articles/2024-03-27/euro-area-economic-confidence-improves-feeding-turnaround-hopes
Bank of England steps up scrutiny of private equity and bank valuations: The Bank of England said on Wednesday it was taking a deeper look at risks from the ...
reuters.com/markets/europe/bank-england-steps-up-scrutiny-private-equity-bank-valuations-2024-03-27/
Quick Glance: Bank of England monitors private equity and bank valuations
- The Bank of England is examining the risks of the opaque private equity sector and the subdued valuations of Britain's main banks compared to international competitors.
- The Bank will conduct a 'desk based' stress test of lenders this year to assess their resilience to shocks.
- The Bank plans to assess the resilience of financial firms and market infrastructure such as payment, clearing, and settlement systems against cyber attacks, IT glitches, and other disruptions with set deadlines.
Riksbank Opens Door to Possible Rate Cut Before ECB and Fed: The Riksbank laid the groundwork for monetary easing as soon as May, offering Sweden’s ...
bloomberg.com/news/articles/2024-03-27/riksbank-opens-door-to-possible-rate-cut-before-ecb-and-fed
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Weight-loss drug 'could be profitably made for as little as €4.40 a month'
irishexaminer.com/business/companies/arid-41362483.html
Fears About Geopolitics at Record High in BOE Survey of Banks: UK banks and other financial firms worries about geopolitical risk are at their highest level on ...
bloomberg.com/news/articles/2024-03-27/fears-about-geopolitics-at-record-high-in-boe-survey-of-banks
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The New York Auto Show opens to the public on Friday, and it comes as the industry faces tough choices on whether to charge ahead with investment in electric ... Show more
Germany's economy: Institutes drastically lower growth forecast: Germany's leading economic institutes have reduced their growth expectations for the current ...
stern.de/wirtschaft/news/deutschlands-wirtschaft--institute-senken-wachstumsprognose-drastisch-34580142.html
India's ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank
reuters.com/markets/deals/indias-icici-securities-gets-shareholder-nod-delist-setting-up-merger-with-icici-2024-03-28/
“Headscarf not welcome” - what does labor law say?: "Unfortunately, staff wearing headscarves are not welcome in this district."
derstandard.at/story/3000000213297/kopftuch-nicht-erwuenscht-was-sagt-das-arbeitsrecht
BOE Says Commercial Real Estate Poses Risk to Stability: The Bank of England warned that risks to the global real estate sector are creating a danger to ...
bloomberg.com/news/articles/2024-03-27/boe-says-commercial-real-estate-poses-risk-to-stability
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FTSE to add Portugal to world bond index in November; others remain on watch: FTSE Russell said it would add Portugal to its FTSE World Government Bond Index ...
reuters.com/markets/europe/ftse-add-portugal-world-bond-index-november-others-remain-watch-2024-03-27/
A staff mutiny over olive oil?
Yes, that almost happened at the European Central Bank.
🔗 www.politico.eu/article/extra-virgin-olive-oil-downgrade-angers-ecb-staffers-frankfurt/
Snow falls on Dartmoor and sleet forecast to come : Photographer Mark Shackleton took pictures of the snowy scene near the Warren House Inn and on Hameldown ...
devonlive.com/news/devon-news/gallery/snow-falls-dartmoor-sleet-forecast-9192422
Signa bankruptcy: Sebastian Kurz's company does not claim millions of euros: The former Federal Chancellor's SK Management GmbH has not filed an outstanding fee ...
profil.at/signa-benko/signa-pleite-firma-von-sebastian-kurz-macht-millionenforderung-nicht-geltend/402835654
Amazon loses court fight to suspend EU tech rules' ad clause: Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under ...
reuters.com/technology/eus-top-court-rejects-amazons-request-suspend-eu-tech-rules-ad-clause-2024-03-27/
End of the VAT reduction: gas prices are likely to rise significantly from April: Consumers must be prepared for significantly higher gas prices from April ...
spiegel.de/wirtschaft/service/gaspreis-experten-sagen-ab-april-anstieg-wegen-mehrwertsteuersenkung-voraus-a-390b05da-5efe-4ff0-8b6f-376e446a04db
Barclays executive denies discrimination in employee case: Barclays' former Global Head of Race at Work has defended her decision not to investigate further an ...
reuters.com/business/finance/barclays-executive-denies-discrimination-employee-case-2024-03-27/
Quick Glance: Barclays executive refutes discrimination allegations in employee case
- Former Global Head of Race at Barclays, Nazia Lawrence, defends her choice not to pursue a complaint from an employee alleging discrimination based on race, religion, and gender.
- Azura Mason, previously holding the position of Global Head of Race and currently serving as a director in the Chief Compliance Office of the investment bank, found no indications of bias or discrimination in an internal review of Lawrence's appeal, leading to no further investigation.
- Court records show Lawrence's claim of receiving less favorable treatment compared to white male colleagues at the same professional level who were promoted while she was not.
- Apart from seeking financial redress, Lawrence has requested guidance for additional training opportunities at Barclays and the implementation of a transparent protocol for promotions.
Hungary: Spar Austria defends itself against Orban's special tax: Hungary imposes special taxes on foreign retailers to force them out of the country ...
handelsblatt.com/politik/international/ungarn-spar-oesterreich-wehrt-sich-gegen-orbans-sondersteuer/100027791.html
There is sheer fear in Berlin - these "traffic light" exit scenarios are being played out
focus.de/politik/analyse-von-wolfram-weimer-in-berlin-herrscht-blanke-angst-diese-ampel-aus-szenarien-werden-durchgespielt_id_259801597.html
More Civilians Killed Amid Kyiv's Desperation For Air-Defense Systems: Russian forces shelled the eastern Ukrainian city of Kharkiv, killing one person and ...
rferl.org/a/russia-intercepts-missiles-belgorod-ukraine-war-dead-air-defense/32879237.html
EU Commission plans uniform university degrees: More exchange, comparable degrees: This is what the EU Commission is hoping for from the European university ...
tagesschau.de/ausland/europa/eu-einheitlicher-hochschulabschluss-100.html
Federal Minister of Economics: Habeck speaks out in favor of an EU Commissioner for Defense
spiegel.de/politik/deutschland/bundeswirtschaftsminister-robert-habeck-spricht-sich-fuer-eu-verteidigungskommissar-aus-a-f3b76c8b-2f7c-4df2-a994-af59d3de4f1b
Samsung Pay will stop working with Russian Mir cards in April: The move was likely spurred by the announcement of new U.S. sanctions against the Russian National ...
kyivindependent.com/samsung-pay-will-stop-working-with-russian-mir-cards-in-april/
European shares subdued ahead of economic data; H&M shines: European stocks struggled for direction on Wednesday after closing at a record high in the previous ...
reuters.com/markets/europe/european-shares-muted-ahead-economic-data-hm-shines-2024-03-27/
UK homeowners and businesses resilient to high interest rates, BoE says: LONDON, March 27 (Reuters) - British mortgage holders and businesses are generally ...
reuters.com/world/uk/uk-homeowners-businesses-resilient-high-interest-rates-boe-says-2024-03-27/
Amazon fined in Poland for dark pattern design tricks: Amazon has been fined in Poland for misleading consumers about the conclusion of sales contracts on its ...
techcrunch.com/2024/03/27/amazon-dark-pattern-design-fine/
Lauterbach now has to explain €45 million problem due to vaccination campaign: An expensive vaccination campaign by the Ministry of Health under Karl Lauterbach ...
focus.de/politik/deutschland/auch-verwirrung-um-agentur-wegen-impfkampagne-muss-lauterbach-jetzt-45-millionen-euro-problem-erklaeren_id_259801273.html
Stuck: The Bloomberg Close, Europe Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-27/stuck-the-bloomberg-close-europe-edition
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Morning Bid: Dollar flexes again, Japan warns: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-03-27/
Subaru to recall over 118,000 vehicles in US, NHTSA says: Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air ...
reuters.com/business/autos-transportation/subaru-recall-over-118000-vehicles-us-nhtsa-says-2024-03-27/
Swedish central bank holds rates, flags cut in May or June: Sweden's central bank held its key rate at 4.00% on Wednesday, as expected, and said inflationary ...
reuters.com/markets/europe/swedish-central-bank-holds-rates-flags-cut-may-or-june-2024-03-27/
ECB’s Kazaks Doesn’t Dispute Market View of June Rate Cut: Inflation is on the back foot and June may be a good time for the European Central Bank to begin ...
bloomberg.com/news/articles/2024-03-27/ecb-s-kazaks-doesn-t-dispute-market-view-of-june-rate-cut
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Habeck: "We must increase military spending": German Vice-Chancellor Robert Habeck calls for more armaments in view of the current world situation ...
de.euronews.com/2024/03/26/habeck-wir-mussen-die-militarausgaben-erhohen
Too little stimulus for the economy: SPD leader Klingbeil sees Germany on the "completely wrong track" with the debt brake
spiegel.de/politik/deutschland/spd-chef-klingbeil-sieht-deutschland-bei-schuldenbremse-auf-voellig-falschem-weg-a-db59242b-c6e7-417c-8649-ead8fe79ba1e
Consequences after AfD meeting: Top manager leaves dairy group Müller: After the AfD meetings of dairy entrepreneur Theo Müller, the first consequences have been ...
fr.de/wirtschaft/mueller-konsequenzen-nach-afd-treffen-top-manager-verlaesst-molkerei-konzern-92914398.html
Quick Glance: Resignation at Müllermilch Following Theo Müller's AfD Meeting
- Thomas Ingelfinger is leaving the Müllermilch group after Müller's meeting with AfD leader Alice Weidel.
- Initially defending his involvement, Ingelfinger eventually yielded to pressure.
- Criticism of Müller's connection to the AfD led to Ingelfinger's resignation, also influenced by his new role at ProSiebenSat.1.
- Müller confirmed contacts with the AfD, emphasizing the rejection of extremism while distancing himself from extremist views within the party.
India central bank keen to further build up record high FX reserves, say sources: India's central bank will keep building its forex reserves as it seeks to build ...
reuters.com/world/india/india-cenbank-keen-further-build-up-record-high-fx-reserves-say-sources-2024-03-27/
Quick Glance: India's Central Bank Focuses on Expanding Record FX Reserves
- India's central bank aims to continue building its forex reserves to create larger buffers. Strong inflows into the Indian equity and debt markets provide an opportunity for this, according to sources familiar with the bank's thinking.
- According to analysts, the absorption of dollar inflows by the Reserve Bank of India will indirectly prevent a sharp appreciation of the rupee, despite high economic growth and a positive balance of payments.
- The pace of reserve building has increased in recent months with significant dollar inflows into the equity and debt markets.
- Barclays Investment Bank forecasts that India's FX reserves are expected to exceed $700 billion by the end of 2025 to keep up with the economy's growth.
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