04

Apr

Six major central banks increased interest rates in March

The pace of interest rate hikes by major developed and emerging market central banks continued at a healthy clip in March though the scale of rises tapered off somewhat as…

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26

Aug

Electricity subsidy to increase to €250 million by end of the year / Malta News Briefing – Friday 26 August 2022

1745- Latest News update Times of Malta says Prime Minister Robert Abela on Friday said Nationalist Party was being “populist and sensationalist” when it called for the deportation of foreign…

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22

Nov

Economy is recovering, but risks remain – Central Bank

Although the economy is recovering, uncertainties surrounding the pandemic remain, posing some downside risks for the financial system, an Interim Financial Stability Report by the Central Bank of Malta found.…

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15

Mar

ECB signals faster money-printing to keep lid on yields

The European Central Bank said on Thursday it would accelerate money-printing to keep a lid on euro zone borrowing costs, signalling to sceptical markets that it is determined to lay the foundation…

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21

Feb

UPDATED – 130 new coronavirus cases, 134 recoveries and 1 fatality – Malta News Briefing – Sunday 21 February 2021

Update 1230 - Covid-19 Update Malta's Health Department announced that there were 130 new cases and 134 recoveries. The total amount of active cases as of Sunday at 1230 was…

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03

Jan

Libyans start using new exchange rate

TRIPOLI/BENGHAZI, Libya, Jan 3 (Reuters) - The Central Bank of Libya on Sunday introduced a new unified exchange rate agreed last month after years of division between rival branches based…

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14

Dec

Malta: Parliamentary committee approves Edward Scicluna as Central Bank governor

The parliamentary public appointments committee on Monday voted to approve the appointment of former finance minister Edward Scicluna as governor of the Central Bank. The Opposition objected to the nomination and called…

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01

Dec

Air connections crucial factor in recovery of tourism

If Malta is to benefit from the eventual post-COVID-19 recovery, it will be crucial for the island to restore or replace the significant number of direct air connections lost during…

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08

Nov

Erdogan replaces Turkey’s central bank chief

President Tayyip Erdogan replaced Turkey's central bank chief over the rapid depreciation in the lira and discomfort with the bank's policy steps not yielding results, three officials told Reuters on…

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23

Jul

Business conditions in June comparable to those in 2009 – CBM

In June, the Central Bank of Malta's Business Conditions Index fell slightly when compared with the previous month, suggesting that the economic slowdown had flattened by then, though the conditions…

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17

Aug

Malta: Major investment project in private sector sees lowering of GDP forecast

A delay in a single “major investment project in the private sector” has seen the Central Bank of Malta lowering the entire country’s Gross Domestic Product forecast for the year…

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31

Jul

Libya’s central bank drops dollar purchase fees to 163%

Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and…

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06

Jul

Turkish central bank chief fired

Turkish President Recep Tayyip Erdogan has fired the governor of the central bank and replaced him with his deputy. No official reason was given for the sacking of Murat Cetinkaya,…

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01

Jun

Italy’s governor of the Central Bank warns political class against making EU its enemy

The governor of the Bank of Italy, Ignazio Visco warned Italy's political class not to make the European Commission its enemy. "We would be poorer if we made the European…

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22

May

Libyan Central Bank mulling reduction of taxes on dollar exchanges to curb smuggling

The Libya Observer reports that the Central Bank of Libya (CBL) is considering to reduce 200% taxes on selling US dollars at the commercial banks to Libyans in coordination with the…

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