Foreign exchange
Rates round-up: Canada adds 50bp to main rate
Kenya orders first rate increase since 2015; Dominican Republic hikes 100bp; and more
Costa Rican authorities tell president reserves are sufficient
Chaves had complained of “very few reserves” at Davos
Malawi devalues currency amid FX crisis
Reports say central bank has devalued kwacha by 25% as country’s exports slump
Sri Lankan court hears corruption allegations against ex-governor
Cabraal denies all accusations as court bans him from leaving country
Chile signs up to IMF’s first short-term liquidity line
Revolving $3.5 billion credit will replace flexible credit line arrangement
BSP opens currency exchange for migrants fleeing Ukraine
Returning Filipinos can convert their hryvnia to pesos at central bank and authorised banks
Zimbabwe lifts lending freeze
President had announced total halt to lending in bid to defend local currency
Sri Lankan PM appointed after governor threatens to quit
Governor warns IMF deal for crisis-hit island could take months and calls for political stability
HKMA defends currency on foreign exchange markets
First interventions since 2019 come as Hong Kong central bank props up dollar peg
Myanmar junta brings charges against former deputy governor
Military regime accuses Bo Bo Nge of corruption, 15 months after he was first arrested
Zimbabwe freezes all bank lending
President announces controls on money creation to stem decline of currency
HKMA follows Fed with interest rate hike
Chief executive says HKMA will intervene when currency hits lower bound of peg
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Higher global inflation allows SNB to let franc rise – Jordan
Less integrated global economy could lead to persistent higher inflation, says SNB chair
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
The international effort to manage NBFI risks: where do we stand?
The Covid-19 shock demonstrated more needs to be done to address stability risks posed by the NBFI sector. Maurizio Trapanese details progress made during the Italian G20 presidency as well as outstanding macro-prudential issues
Turkish central bank tightens reserve regime for lenders
Central bank will also penalise lenders with high levels of foreign-denominated accounts
RBI extends Sri Lanka swap line
Island nation defaulted amid debt, currency and balance of payment crises
PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
Sri Lankan central bank postpones sovereign debt repayment
Weerasinghe leads MPC in raising rates by 700 basis points and appeals for funds from overseas
IMF promises $3 billion financing for Lebanon but demands reforms
Deal depends on monetary policy and central bank reform, as well as banking clean-up, IMF says
African central banks face serious challenges, says IMF
Report suggests short-term measures, but says central banks also need structural reforms
Myanmar orders FX restrictions as reports say deputy governor was shot
Expert says currency move is "pretty desperate" as military junta tries to deal with turmoil
Quantum computing: ready for prime time?
Central banks should add QC to their strategic planning, despite it being a work in progress