Five queries for the ECB regarding maintaining the path
To combat inflation, the European Central Bank is prepared to announce another significant interest rate increase on Thursday. Less is known about what happens next.Speaking recently in Davos, ECB President Christine Lagarde emphasised the importance of maintaining the current monetary policy.Investors are interested in learning how long and how much more the central bank will […]
BOJ resists market expectations for policy changes, pushing the currency down
In defiance of market expectations that it would gradually wind down its enormous stimulus programme in the midst of escalating inflationary pressure, the Bank of Japan maintained its record-low interest rates on Wednesday, including a bond yield ceiling it was trying to keep.Investors undid bets they placed assuming the central bank would change its yield […]
Policy takes the u-turn; BoJ’s yield curve may slip
After the Bank of Japan’s (BOJ) effort to buy itself some breathing room backfired, encouraging bond investors to try its resolve, the central bank is under fire to alter its policy on interest rates as soon as Wednesday.The BOJ maintains its decades-long effort to fuel price increases in the third-largest economy in the world even […]
Yen reaches seven-month peak amid optimism for a change in BOJ policy
On Tuesday, the yen surged to a seven-month peak versus the dollar due to growing speculation that the Bank of Japan would abandon its ultra-accommodative monetary policy.When the BOJ widened the yield cap variety on 10-year Japanese government bonds (JGBs) steadily for the past month, a supposition that the bank was about to start abandoning […]
Inflation reaches a 41-year high; BoE to hike rates to 3.5%
The Bank of England is expected to increase interest rates to 3.5% or higher the next week, but officials are divided about how much tightening is necessary to combat dual-digit inflation as the industry enters a downturn.The governor of the Bank of England, Andrew Bailey, stated last month that additional rate increases were probably inevitable, […]
Swiss National bank sees a loss of about $143 billion in less than a year
In the first nine months of 2022, the Swiss National Bank (SNBN.S) reported a loss of 142.2 billion Swiss francs ($142.60 billion), as the worth of the central bank’s international investment was reduced by higher interest rates and the stronger Swiss franc.The loss, which was the biggest in the SNB’s 115 years history, was somewhat […]
People’s Bank recognized at SAFA Awards for its 2020 Annual Report
People’s Bank Annual Report 2020 was awarded the First Runner-up in the “Public Sector Banks” category at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards. People’s Bank Annual Report 2020 is the sixth Integrated Annual Report of the Bank and was designed and created under the theme of “Pride of the […]
People’s Bank recognized with multiple prestigious international awards
People’s Bank, Sri Lanka’s leading commercial bank, bagged multiple prestigious awards at the Global Business Review Magazine Awards 2022 and International Business Magazine Awards 2022 held recently. The Global Business Review Magazine awards won by People’s Bank included ‘Most Responsive Bank Sri Lanka 2022’, ‘Best Consumer Digital Bank Sri Lanka 2022’ and the ‘Best Development […]
People’s Bank and People’s Leasing join hands to introduce a Co-branded Credit Card
People’s Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards – VISA Platinum and VISA Signature – at a special ceremony held at the PLC Head Office recently. This collaboration brings together two giants of the Banking and Finance industry to bring a credit […]
People’s Bank yet again ranked amongst the prestigious World’s Top 1000 Banks
People’s Bank, Sri Lanka’s leading Commercial Bank, was recently ranked once again amongst the World’s Top 1000 Banks by the prestigious Banker Magazine UK. The ranking cements People’s Bank’s position as one of the leading Banks on the planet. Founded in 1926 and read in over 180 countries, the Banker Magazine is a publication owned […]