Economics Correspondent
Economics Correspondent Robert Shortt looks at the controversy surrounding Davy Stockbrokers after it was fined €4.13m for breaching market rules.
What happened today?
Senior Central Bank officials told the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach, that they intend to discuss the Davy investigation with An Garda Síochána and the Office of the Director of Corporate Enforcement.
The Central Bank s Director General, Financial Conduct, Derville Rowland said they absolutely intend to have a proactive discussion’ with other agencies including the Gardai and the ODCE about the content of the Davy investigation.
Ms Rowland also said the Central Bank would not go into detail on questions about the responsibilities of individuals involved in the transaction or on the ownership structure of Davy, only to say it was a 2live supervisory issue.
Armenian Central Bank Raises Key Interest Rate
Դեկտեմբեր 15, 2020
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The Central Bank of Armenia (CBA) raised its main interest rate by 1 percentage point on Tuesday following a major depreciation of the national currency, the dram.
The CBA’s governing board increased the refinancing rate to 5.25 percent from 4.25 percent despite anticipating a sharper contraction of the Armenian economy than was projected earlier this year.
The bank cut the benchmark rate for four times between March and September this year as the economy plunged into recession due to the coronavirus pandemic. During the most recent rate cut it forecast a GDP decline of 6.2 percent.