WASHINGTON — The World Bank’s Board of Executive Directors today approved a new project to help Peru strengthen the Arequipa–Colca tourism corridor, improving tourism infrastructure and services, enhancing cultural and natural heritage sites, and promoting sustainable tourism-led growth in...
WASHINGTON — The World Bank’s Board of Executive Directors today approved financing to accelerate India’s national program for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and ser...
DALIAN, China — The World Economic Forum today announces 16 new awards as part of the Global Lighthouse Network, bringing the community to 238 sites of the world’s most advanced manufacturing and supply chain operations. The sites show how companies are deploying advanced technologies at s...
LONDON — The Bank of England has today published its policy statement and draft Code of Practice (rules) for systemic stablecoin issuers, marking a key milestone in establishing the UK’s stablecoin regime. The framework supports safe innovation, enabling UK issued stablecoins to develop as...
LONDON — The Prudential Regulation Authority (PRA) has today published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK. Under Basel 3.1’s market risk rules – often referred to as the Fundamental Re...
MOSCOW — The Bank of Russia has reduced its key interest rate by 0.75 percentage points to 14.25 per cent per annum, citing slower inflation and moderate improvement in economic activity, while warning that rising inflationary risks could limit further rate cuts. Bank of Russia Governor El...
MOSCOW — On 19 June 2026, the Bank of Russia Board of Directors decided to cut the key rate by 25 basis points to 14.25 per cent per annum. Economic growth continues at a moderate pace after a temporary decline at the beginning of the year. The underlying price growth has edged down but re...
BERN | ZURICH — The Swiss National Bank is leaving the SNB policy rate unchanged at 0 per cent. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage p...
LONDON — Responding to the latest UK labour market figures, released by the Office for National Statistics today, Suren Thiru, ICAEW Chief Economist, said: “These figures point to a jobs market struggling under the strain of soaring energy bills and employment costs, with more firms limiti...
JAKARTA — The Bank Indonesia Board of Governors agreed on 17-18th June 2026 to raise the BI-Rate by 25 bps to 5.75 per cent, the Deposit Facility (DF) rate by 25 bps to 4.75 per cent, and the Lending Facility (LF) rate by 25 bps to 6.50 per cent. This represents a further measure to streng...
