India's central bank on Thursday said it has filed an application with a company tribunal to initiate bankruptcy proceedings against Aviom India Housing Finance. The move comes days after the Reserve Bank of India (RBI) superseded the board of the housing finance company due to governance concerns and payment defaults.

After a combined 1 percentage point of interest rate cuts over the central bank’s previous three meetings, the policy-setting Federal Open Market Committee has signalled that it believes it now needs to pause and look for “further progress” towards hitting its 2 per cent inflation goal.

Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size in March, leaving the door open for subsequent moves amid mounting inflationary pressures.

Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.

All eyes were on the Federal Reserve’s first policy update of the new year on Wednesday, but the Bank of Canada also drew its fair amount of attention.

Cruse took off running, ignoring commands from officers to stop and throwing money from the bank robbery as he went. He is facing charges of robbery, fleeing or evading police, tampering with physical evidence and drug charges.

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The Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.

The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.

The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.

The US Federal Reserve has decided to keep interest rates unchanged at 4.25-4.50%. Fed Chair Jerome Powell emphasized a cautious approach amid solid labor market conditions and elevated inflation. Experts anticipate a prolonged period of steady rates as the Fed assesses economic data.