South Africa is "no way near debt distress", central bank governor Lesetja Kganyago said on Friday, despite the country's debt-to-gdp ratio nearing the 100% mark seen as a red line for investors and credit rating agencies.
By Reuters Staff
3 Min Read
TAIPEI (Reuters) - Taiwan central bank governor Yang Chin-long said on Thursday that the United States may label the island a currency manipulator as it has already met Washington’s three main criteria for making such a decision.
FILE PHOTO: New Central Bank Governor Yang Chin-long attends the inauguration ceremony in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu
Yang, answering lawmaker questions in parliament, added that if this happens it would not be too serious and that there would be no immediate disadvantage for Taiwan and they did not expect to be subject to so-called “Section 301” measures that might lead to tariffs.
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OTTAWA (Reuters) - If Canadians start spending the massive nest egg they have amassed during the coronavirus pandemic it could “meaningfully affect” economic growth, a top Bank of Canada official said on Thursday, suggesting this might even speed up the pace of rate hikes.
FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie
Canadians on average spent C$4,000 less in 2020 and this, coupled with higher household incomes due to emergency aid transfers, adds up to C$180 billion ($143.6 billion) in excess pandemic savings, Deputy Governor Lawrence Schembri said.
By Reuters Staff
3 Min Read
TAIPEI (Reuters) - Taiwan central bank governor Yang Chin-long said on Thursday that the United States may label the island a currency manipulator as it has already met Washington’s three main criteria for making such a decision.
FILE PHOTO: New Central Bank Governor Yang Chin-long attends the inauguration ceremony in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu
Yang, answering lawmaker questions in parliament, added that if this happens it would not be too serious and that there would be no immediate disadvantage for Taiwan and they did not expect to be subject to so-called “Section 301” measures that might lead to tariffs.
Oman's central bank instructed banks, finance companies and financial leasing firms to continue to grant a 12-month grace period for all existing and future borrowers whose services have been terminated, the state news agency ONA said.