Central Banks
Latest news, analysis, and updates on Central Banks from A47 News.
8 stories in Economy · Updated live
Trump Forms Committee to Investigate Federal Reserve Governor Cook
On October 9, 2026, President Donald Trump announced the establishment of a White House committee to investigate allegations against Federal Reserve Governor Lisa D. Cook. This inquiry is triggered by ongoing claims of false statements related to mortgage applications, amid Trump's broader efforts to influence Federal Reserve policy. The long-term implication may involve significant shifts in Federal Reserve governance and potential political ramifications following the upcoming midterm elections.
Russia Begins Digital Ruble Salary Payments to Finance Ministry Employees
On October 1, 2026, Russia's Ministry of Finance initiated salary payments in digital rubles to select employees, marking the first implementation of the central bank digital currency for government payroll. This rollout follows the nationwide launch of digital ruble services on September 1, 2026, as part of Russia's strategy to counteract Western sanctions. The long-term implication is the potential for broader integration of the digital ruble into public sector transactions and further expansion of its use in government finance.
Federal Reserve Governor Waller Indicates Flexibility on Future Rate Hikes
On October 8, 2026, Federal Reserve Governor Christopher Waller delivered remarks in Istanbul suggesting that additional interest rate hikes may not occur consecutively, casting doubt on an increase at the upcoming FOMC meeting. This shift in tone follows a recent 25 basis point hike in September and is influenced by persistent inflation and recent economic data. The long-term implication is a potential recalibration of market expectations regarding U.S. monetary policy, with increased focus on data-driven decisions for future rate adjustments.
Reserve Bank of India Raises Repo Rate to 5.50% in First Tightening Cycle Since 2023
On October 7, 2026, the Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50%, marking the first increase since February 2023. This decision was triggered by rising inflation pressures due to geopolitical tensions in West Asia, elevated energy prices, and a weakening rupee. The long-term implication is that further rate hikes may be anticipated as the RBI shifts to a calibrated tightening stance to combat inflation while supporting economic growth.
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Trump Forms Committee to Investigate Federal Reserve Governor Cook
On October 9, 2026, President Donald Trump announced the establishment of a White House committee to investigate allegations against Federal Reserve Governor Lisa D. Cook. This inquiry is triggered by ongoing claims of false statements related to mortgage applications, amid Trump's broader efforts to influence Federal Reserve policy. The long-term implication may involve significant shifts in Federal Reserve governance and potential political ramifications following the upcoming midterm elections.
Federal Reserve Governor Waller Indicates Flexibility on Future Rate Hikes
On October 8, 2026, Federal Reserve Governor Christopher Waller delivered remarks in Istanbul suggesting that additional interest rate hikes may not occur consecutively, casting doubt on an increase at the upcoming FOMC meeting. This shift in tone follows a recent 25 basis point hike in September and is influenced by persistent inflation and recent economic data. The long-term implication is a potential recalibration of market expectations regarding U.S. monetary policy, with increased focus on data-driven decisions for future rate adjustments.
Reserve Bank of India Raises Repo Rate to 5.50% in First Tightening Cycle Since 2023
On October 7, 2026, the Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50%, marking the first increase since February 2023. This decision was triggered by rising inflation pressures due to geopolitical tensions in West Asia, elevated energy prices, and a weakening rupee. The long-term implication is that further rate hikes may be anticipated as the RBI shifts to a calibrated tightening stance to combat inflation while supporting economic growth.
UAE Banking Sector Reaches Dh5.74 Trillion in Assets with Significant Gold Reserve Growth
The UAE banking sector's total assets have reached Dh5.74 trillion as of August 2026, marking a 12.9% year-on-year growth. This surge is attributed to ongoing economic expansion and increased credit availability, alongside a notable 29% rise in gold reserves. The long-term implication suggests a strengthening of the UAE's financial stability and potential for further investment in diversified sectors.