Ukraine's Central Bank Governor Yakiv Smoliy said on Friday he had resigned as a protest against the "systematic political pressure" being exerted on the bank to take decisions that were economically unsound. He accused politicians of trying to strong-arm him into cutting interest rates, letting the currency devalue and letting inflation rise, while smearing the bank with "information attacks".
Ukraine postponed its planned Eurobond sale after fund managers asked to cancel orders or for the deal to be re-priced following the resignation of the central bank governor, investor sources told Reuters.
Ukraine decided to pause a Eurobond sale after learning of the resignation of Central Bank Governor Yakiv Smoliy and consulting investors, Finance Minister Serhiy Marchenko said on Thursday.
* Smoliy complains of "systematic political pressure" * Exit could jeopardise $5 billion deal with the IMF. * Finance minister says no threat to financial stability. By Matthias Williams, Natalia Zinets and Tom Arnold.
Ukraine must maintain the independence of the central bank following the resignation of governor Yakiv Smoliy, the International Monetary Fund said on Thursday. Smoliy unexpectedly resigned on Wednesday, citing "systematic political pressure" that was preventing him from fulfilling his duties as governor.
STOCKHOLM--Sweden's central bank on Wednesday kept its key interest rate unchanged at zero and said it expects to the rate to remain unchanged at least until late in 2023.. The Riksbank said it could still lower the repo rate further if it's deemed an effective measure, but at this meeting it instead favored expanding quantitative-easing measures, including buying corporate bonds from September. "To avoid an unnecessarily prolonged and deep decline in the economy and...
Brazil's national debt rose above 80% of gross domestic product for the first time ever and the public sector registered a record primary deficit in May, the central bank said on Tuesday, as the COVID-19 crisis hammered the government's finances.
LEHIGH VALLEY, Pa., June 29, 2020 First Commonwealth Federal Credit Union announced today it has earned the top spot for the second consecutive year as Forbes' #1 Best Credit Union in Pennsylvania and one of America's Best Credit Unions. "We take delivering on our brand promise at every touchpoint and with every interaction very seriously.
Lebanese banks raised the exchange rate to 3,850 pounds per dollar for withdrawals from U.S. dollar accounts, bankers said on Monday, as a liquidity crunch erodes the currency's value. With dollars growing ever more scarce, the Lebanese pound has plunged since last year by nearly 80% from an official peg of 1,507.5, now only available for vital imports.
CHICAGO and NEW YORK, June 29, 2020 As the U.S. works to recover from the COVID-19 pandemic and the corresponding economic dislocation, some industries will naturally rebound quickly as distancing measures lighten, according to a new report from BMO Economics.
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