The Reserve Bank of India and the European Central Bank have signed an updated Memorandum of Understanding to strengthen cooperation in central banking. The pact revises an earlier 2015 agreement, enabling smoother information exchange and policy dialogue. Both banks will work together on shared priorities, deepening coordination on banking practices and supporting broader financial sector growth.
Euro zone short-dated government bond yields rose for a fourth straight day, driven by heightened tensions between Iran and the US in the Strait of Hormuz. Investors are increasingly pricing in additional hawkish interest-rate moves from the European Central Bank. Spiking oil prices are stoking inflation worries, reinforcing expectations that the ECB may keep rates higher for longer.
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