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Russian strikes on Ukraine’s ports and ships push insurance rates up

by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Insurance sources said on Thursday the war premiums had jumped around 30% this week to just over 1% of the value of the vessel from around 0.7% in early September, which would mean hundreds of thousands of dollars in extra costs A series of Russian missile strikes on...
RBI holds rates, shifts stance to ‘neutral’ signalling rate cuts ahead

RBI holds rates, shifts stance to ‘neutral’ signalling rate cuts ahead

by AIP Online Bureau | Oct 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

Shaktikant Das,Governor,Reserve Bank of India Annual retail inflation remained below the central bank’s target of 4% for a second consecutive month, clocking in at 3.65% in August but higher than the revised 3.60% in July and economists’ forecast of 3.5%...
U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected

U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected

by AIP Online Bureau | Sep 18, 2024 | Eco/Invest/Demography, International News, Policy, Wealth Management/ Philanthropy

Fed Chair Jerome Powell Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75%-3.00% range...
RBI holds rates again; focused on bringing down inflation to target

RBI holds rates again; focused on bringing down inflation to target

by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
ECB cuts rates even as inflation fight goes on, first time since 2019

ECB cuts rates even as inflation fight goes on, first time since 2019

by AIP Online Bureau | Jun 6, 2024 | Eco/Invest/Demography, International News, Risk Management

Christine Lagarde,President,ECB “We are not pre-comitting to a particular rate path,” ECB President Christine Lagarde told a press conference, reading from the Governing Council’s statement FRANKFURT: The European Central Bank went ahead with its...
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