RBI and ECB Enhance Central Banking Cooperation with New MoU
RBI, European Central Bank sign revised agreement on information exchange, central banking ties
The Economic Times
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The Reserve Bank of India (RBI) and the European Central Bank (ECB) signed a revised Memorandum of Understanding (MoU) to strengthen cooperation in central banking. The agreement, signed by RBI Governor Sanjay Malhotra and ECB President Christine Lagarde, updates a 2015 framework for information exchange and policy dialogue.
- 01RBI and ECB signed a new MoU to enhance central banking cooperation.
- 02The agreement updates a previous MoU from 2015.
- 03It establishes a framework for regular information exchange and policy dialogue.
- 04The signing took place during the Bank for International Settlements meetings in Basel.
- 05The renewed arrangement aims to strengthen collaboration on financial sector developments.
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On Sunday, the Reserve Bank of India (RBI) and the European Central Bank (ECB) signed a revised Memorandum of Understanding (MoU) to enhance their cooperation in central banking. The agreement was signed by RBI Governor Sanjay Malhotra and ECB President Christine Lagarde during the Bank for International Settlements (BIS) meetings in Basel. This updated MoU replaces the earlier agreement from 2015 and establishes a framework for the regular exchange of information, policy dialogue, and technical cooperation between the two institutions. The RBI stated that this renewed arrangement is expected to further strengthen institutional engagement and collaboration on central banking practices and developments in the financial sector.
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