RBI and ECB Sign Updated MoU to Enhance Central Banking Cooperation
RBI and ECB renew cooperation framework with updated MoU in Basel
Business Standard
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The Reserve Bank of India (RBI) and the European Central Bank (ECB) have signed an updated Memorandum of Understanding (MoU) to strengthen cooperation in central banking. The agreement, signed in Basel, Switzerland, aims to facilitate regular information exchange and technical collaboration.
- 01The RBI and ECB signed an updated MoU on central banking cooperation.
- 02The signing occurred during the Bank for International Settlements meetings in Basel, Switzerland.
- 03The new MoU enhances information exchange and policy dialogue.
- 04This agreement updates the previous MoU established in 2015.
- 05It focuses on areas of mutual interest in central banking.
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On Saturday, Reserve Bank of India (RBI) Governor Sanjay Malhotra and European Central Bank (ECB) President Christine Lagarde signed an updated Memorandum of Understanding (MoU) aimed at enhancing cooperation in central banking. The signing took place in Basel, Switzerland, during the Bank for International Settlements (BIS) meetings. This new MoU updates the previous agreement from 2015 and establishes a framework for regular exchange of information, policy dialogue, and technical cooperation between the two institutions. The focus will be on areas of mutual interest, promoting collaboration in the evolving landscape of central banking.
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