US Federal Reserve interest rate hike: Central banks across the globe have a few lessons to absorb from the recent US experience. Inflation reduction with interest rate hikes can be likened to a Sisyphean task since it is a very laborious process and seems almost impossible to complete in haste. The Fed embarked on this path more than a year ago, in March 2022, with the first
Well, in case a bank collapses, the Deposit Insurance and Credit Guarantee Corporation (DICGC), under the guidelines of the Reserve Bank, provides insurance cover on the deposits of customers under this rule. aaa