Guatemala was chosen for the second time as the venue for the 56th edition of the Annual Assembly of the Latin American Federation of Banks (Feleban).

The event, also organized by the Banking Association of Guatemala, will be held between November 12 and 15, and will feature 1,500 bankers and representatives of the financial sector from around the world.

The primary objective of this edition of Feleban is to promote and facilitate contact, understanding and direct relationships between financial and banking entities, thus impacting the development of Latin America.

The event is expected to have 45 countries from America, Europe and Asia, which will also help to promote at least 1,000 direct jobs in Guatemala, as well as important economic contributions in the country’s hotel, gastronomy and tourism sectors.

The Latin American Federation of Banks Feleban was founded 57 years ago and brings together, through their respective banking associations, more than 600 banks and financial entities in 18 Latin American countries.

K. Tovar

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: Desicfrado

La entrada Guatemala will host the Feleban Assembly apareció primero en Bitfinance.

The United States Federal Reserve (Fed) opened the door, in its last monetary policy meeting, to a reduction in its balance of assets worth 95,000 million dollars, (equivalent to 87,188 million euros) per month as of summer, according to the recently published minutes of the organization.

During the meeting, no final decision was made, only the options on the table were examined. The central bankers did agree that, given the current situation, the balance sheet reduction should be faster than that which took place between 2017 and 2019.

In this way, most of the meeting participants agreed that it would be convenient to reduce the monthly reinvestments of maturing assets so that the balance sheet shrinks by 60,000 million dollars (55,066 million euros), in the case of Treasury bonds, and 35,000 million (32,122 million euros), in the case of mortgage securitizations.

Central bankers broadly agreed that these limits should come into effect in the next three months, so the start of these reductions could come in June or July.

It is not certain when the final decision will be adopted, but the members of the Fed considered that the process of reducing the balance sheet could take place, at the earliest, at the end of the monetary policy meeting that will take place between May 3 and 4.

In its last meeting, the Fed decided to raise interest rates by 25 basis points, to a target range of between 0.25 % and 0.50 %, while bringing forward several additional hikes during the rest of the year to deal with contain inflation and normalize monetary policy.

Source: dpa

La entrada The Fed will reduce its balance sheet by 95,000 million dollars apareció primero en Bitfinance.