A delegation from the International Monetary Fund will visit Tunisia on Monday to start negotiations over a loan programme, a central bank official told Reuters on Friday. This follows the completion of technical talks between the IMF and Tunisia, said Zied Mouhli, a central bank spokesperson.
Sierra Leone will launch a re-denominated currency on Friday, knocking three zeros off bank notes but keeping their value unchanged, the central bank said. Financial transactions with the West African country have been suspended since Wednesday in preparation for the re-calibration of the leone currency, Central Bank Governor Kelfala Murana Kallon told Reuters.
The Swedish crown rose on Thursday against the euro after Sweden's central bank hiked its benchmark interest rate by 50 basis points as expected. In the meantime, the euro flattened against most peers, remaining close to a fresh 2015-low versus the Swiss franc and near a two-week low against the U.S. dollar, amid safe-haven demand on renewed worries about higher rates and a global recession.
Gold was mostly quiet on Thursday, but
faced its worst quarter since early 2021 as a remarkable showing
from the dollar kept investors away, with bullion's outlook
clouded by top central banks ...
Japan's central bank has stumbled into a rare public relations storm that has dragged debate about its ultra-low interest rates out of sterile boardrooms and into tabloid and social media, amid surging household ire over rising living costs.
Bond traders expect the gyrations convulsing U.S. Treasuries to continue in the second half of 2022 as investors challenge the Federal Reserve's projections for how far it will tighten monetary policy to quell the worst inflation in decades. At issue is the expected high-water mark for the Fed's rate hiking cycle.
Copper prices held near 16-month
lows on Wednesday as investors weighed the risk that rapid
interest rate rises will reduce global economic growth and
metals demand.
Industrial metals have ...
Sterling wavered near one-week lows against the dollar on Wednesday as concerns about slowing economic growth and political risks lingered a day after Scotland proposed an independence referendum. Investors will also pay close attention to remarks from Bank of England governor Andrew Bailey for any hints about plans to hike interest rates at its August meeting.
* BOJ won't adjust yield cap next month but may do so within a year - Yamaoka. * BOJ must brain-storm ideas in case inflation overshoots. * One idea is to replace 10-year yield cap with looser reference. * Good chance inflation will exceed BOJ's current forecast. By Leika Kihara and Takahiko Wada.
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