Why do central banks all over the world stockpile ‘gold’ as reserves?
With market volatility and a slowing economy, people are striving for something called Safe Haven. One of the Safe Havens is ‘gold’, an asset held by several central banks as an international reserve.
TBA cut its MRR interest rate by 0.25% for six months to help vulnerable groups
Recently, The Government Financial Institutions Association (GFA) has agreed with the government to cut interest rates by 0.25% for six months, starting from May 1 onward to help retail customers and vulnerable groups.
