Wall Street Bonuses Expected to Rise for the First Time Since 2021
According to recent reports, bonuses for workers in the financial sector on Wall Street are expected to rise this year for the first time since 2021. This is attributed to a favorable economic environment and an increase in company profits. Estimates suggest that the average bonus size may increase by 5% this year, marking a significant improvement compared to previous years. In particular, the stock market and investments in risky assets have contributed to this growth, while the profitability of financial institutions has also shown positive changes.
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New Android Malware Can Hijack Your Calls, Including Bank Transactions
Recent research has revealed a new Android malware known as "RATDISP" that poses a significant threat to user security. This malware is capable of hijacking phone calls, creating serious risks for financial security, as criminals can utilize it to leverage call authentication methods used by many banks and financial institutions.
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Indian Central Bank Tightens Scrutiny of Credit Activity
The Reserve Bank of India has decided to intensify its measures to control credit activity amid growing concerns over excessive borrowing. This decision is part of efforts to maintain financial stability and minimize risks related to a potential rise in loan defaults. The bank's monetary policy committee plans to closely monitor credit institutions as the country grapples with concerns about the sustainability of economic growth and possible negative consequences associated with rising debt.
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Bank of Korea Considering Overhaul of Forward Guidance Strategy
The Bank of Korea is currently contemplating a significant revision of its forward guidance strategy. This decision is driven by the need to adapt to changing economic conditions and to maintain the stability of the country's financial system. Amid global market uncertainties and domestic economic challenges, the central bank recognizes the importance of providing clearer direction to markets and the public regarding future policies.
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Economists Bet on More Indonesia Easing After Rate-Cut Surprise
The recent decision by Indonesia's central bank to cut the interest rate by 25 basis points came as a surprise to many experts and sparked discussions about potential further easing of monetary policy. This decision was made in the context of slowing economic growth and uncertainty surrounding future inflation trends in the country.
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Norway Keeps Interest Rate Steady, Signaling Cuts Aren't Likely Until 2025
The Central Bank of Norway has decided to maintain its interest rate at 4.25%, announcing that any plans for cuts are not likely to materialize until 2025. This decision is driven by a desire to support economic stability in the country amid various market influences, including rising inflation and changing work conditions.
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Angola Keeps Key Interest Rate Unchanged Amid Easing Inflation
The Central Bank of Angola has decided to maintain its key interest rate at 18%. This decision comes as inflationary pressures in the country begin to ease, with August’s inflation rate recorded at 11.2%, slightly down from 11.5% in July. Annual inflation is moving away from the peak of 13.3% reached in May of this year.
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Bank of England Launches Support Program Worth Up to £4 Billion for Reeves
The Bank of England has announced the launch of a new financial support program for Reeves, which could amount to up to £4 billion. This initiative is aimed at strengthening the economy and assisting in the fight against the repercussions of the current financial difficulties facing the country.
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Brazil's Central Bank Raises Interest Rate to 10.75% Amid Hot Economic Growth
On September 18, 2024, Brazil took a significant step in its monetary policy by raising the interest rate to 10.75%. The country's central bank made this decision in response to signs of strong economic growth, which they believe could lead to inflation. The rate was increased by 0.25% and is now at its highest level since 2016. This rise is mainly attributed to the need to control rising prices and ensure the stability of the financial system.
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Federal Reserve Creates Policy Space in Global Economy
The Federal Reserve of the United States (Fed) is opening new opportunities for monetary policy both domestically and internationally. The latest Fed meeting concluded with interest rates remaining unchanged, providing central banks in other countries with greater maneuvering space. This decision was made against the backdrop of increasing global instability and economic uncertainty.
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