Mexico's central bank board members were divided over whether their "pause" in rate cuts decided at the last meeting should be considered the end of a cycle of relaxing monetary policy, minutes of the meeting published on Thursday showed.
Brazil's currency looks to have stopped weakening and is now stabilizing, indicating the upward pressure on inflation from a persistently weak exchange rate this year will dissipate, Roberto Campos Neto, the central bank president, said on Thursday.
London copper prices rose to near seven-year highs on Thursday on hopes that progress on COVID-19 vaccine developments would lead to a speedy global economic revival. Three-month copper on the London Metal Exchange advanced 1.1% to $7,380.50 a tonne by 0448 GMT, having hit $7,390 a tonne earlier in the session, the highest since Jan. 3, 2014.
Kenya's economic growth is expected to bounce back next year, the World Bank said on Wednesday, as it emerges from a projected decline in output this year caused by the coronavirus crisis.
* NY FED SAYS STATEMENT REGARDING AGENCY MORTGAGE-BACKED SECURITIES SMALL VALUE EXERCISE. * NY FED SAYS DESK INTENDS TO CONDUCT FOUR SMALL VALUE AGENCY MBS COUPON SWAP OPERATIONS ON DEC. 1ST AND DEC. 3RD, 2020. * NY FED SAYS EACH OPERATION WILL HAVE A FACE VALUE OF $5 MILLION, FOR A TOTAL CURRENT FACE VALUE OF $20 MILLION ACROSS THE FOUR OPERATIONS Source text : https://nyfed.org/3fsyuro.
Nigeria's central bank held its benchmark lending rate on Tuesday at 11.5%, its governor Godwin Emefiele said. Prior to Tuesday's meeting, the last of 2020, the bank had this year cut the rate on two occasions - both by 100 basis points.
Turkey tight monetary policy stance is not enough to attract foreign investment but planned broader reforms in the economy and the judiciary are also crucial, Central Bank Deputy Governor Oguzhan Ozbas said on Monday. The central bank last week hiked it key interest rate by 475 points to 15% in its sharpest tightening in more than two years.
JPMorgan (JPM) has earned record revenue of around $1 billion so far this year from trading, storing and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters.
World Bank President David Malpass on Saturday warned G20 leaders that failing to provide more permanent debt relief to some countries now could lead to increased poverty and a repeat of the disorderly defaults seen in the 1980s.
Restructuring consultancy Alvarez & Marsal has pulled out of a forensic audit of Lebanon's central bank because it did not receive information required to carry out the task, caretaker Finance Minister Ghazi Wazni told Reuters on Friday.
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