Argentina’s central bank (CB) is implementing stern measures to control foreign exchange (forex) reserves. Banco Central de la Republica Argentina (BCRA) announced on Monday it would sharply cut the amount of dollars individuals could purchase.
Prime Minister Imran Khan and his finance team have accused previous governments of interfering in the bank's operations such as propping up the rupee artificially to the detriment of imports.
Tunisia’s central bank raised its key interest rate by 75 basis points to 8 per cent from 7.25 per cent to combat high inflation, the bank said, marking the third hike this year.
Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC)
Brazil’s central bank (CB) delivered its first interest rate hike in nearly six years on Wednesday, a larger-than-expected 75 basis point increase to 2.75%, and flagged a similar move in May to fight inflation despite rising economic uncertainty.
The Swiss National Bank can expand its balance sheet further if necessary, the central bank said on Monday, after its annual report showed it ramping up foreign currency interventions to 110 billion Swiss francs ($118.27 billion) during 2020.
Russian Central Bank (CB) held its key interest rate at record low level of 4.25% and said it will not cut rates further, instead planning to start gradually raising them at some point in the future when inflation stabilises near its target.
India’s government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, a report said.
Bank of Japan (BOJ) Deputy Governor (DG) Masayoshi Amamiya said on Monday the Central Bank must focus on keeping the entire yield curve “stably low” for the time being, as the economy continues to suffer from the coronavirus pandemic.