Sources of Changes in Current Account Balances (Projections for Oct.)
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KUALA LUMPUR: The appointment of Melvin Ooi, the former chief executive officer (CEO) of Ryt Bank – one of the earlier digital banks in Malaysia – as the chief technology and transformation officer (CTTO) of Bank Islam shows the bank’s aggressive push towards digitalisation.
Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon. This marks the end of the rate-cutting phase that began in February 2025. Economists predict inflation will exceed the RBI’s forecasts, necessitating tightening.
[Daba Finance] Nigerian stocks ended the week to October 2 lower as investors reduced positions after gains in recent weeks.
KUALA LUMPUR: It is not always that one sees a former digital bank’s chief executive joining an incumbent bank, let alone two, within the space of a few months.
On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%.
On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%. The surge in inflation is attributed to elevated crude oil costs and subpar agricultural production.