In the first quarter of 2021, Nigeria printed a year-on-year (y-o-y) real output growth rate of 0.51% to N16.83 trillion (or USD112.24 billion) as it further recovered from last year’s recession, albeit slowly. So far, we have seen FG significantly ease lockdown measures as households and businesses have been allowed
Central Bank continues its Accommodative Monetary Policy Stance
April, 8, 2021
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 April 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at this decision after carefully considering the macroeconomic conditions and expected developments on the domestic and global fronts. The Board remains committed to maintaining the low interest rate structure, thereby ensuring continued support for a sustained economic recovery, in the context of the prevailing low inflation environment and well anchored inflation expectations.
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ASIA:
The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022. China, the only major economy to have a positive growth rate in 2020 of 2.3%, is expected to grow by 8.6% in 2021 and 5.6% in 2022.
The major Asian stock markets had a mixed day today:
NIKKEI 225 increased 34.16 points or 0.12% to 29,730.79
(Rétrospective 2020) Covid-19 et Wakashio : Catastrophes sanitaire et écologique lemauricien.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lemauricien.com Daily Mail and Mail on Sunday newspapers.
goes to plan the bank gets that money back plus interest these loans have to be backed up by sufficient capital this could comprise deposits such as personal savings accounts or bonds but technically neither belong to the bank after all customers can withdraw their cash anytime they want and when bonds depreciate in value banks write that off. the bank s own capital on the other hand includes things like profits it s previously made so what happens during a financial crisis if companies don t pay back their loans the bank loses capital it eats the loss. if the bank has enough capital reserves to remain stable by the way before the financial crisis the reserve ratio of european banks was only about one point five percent the european central bank s new rules would