Sri Lanka s bankrupt economy is expected to grow by 4.5% YoY in Q4 2023, following six consecutive negative quarters. The Central Bank reported a decrease in headline inflation to 5.9% in February from 6.4% in January. The gross official reserves improved to USD 4.5 billion by the end of February 2024, including a swap facility from the People s Bank of China.
China’s premier and its central bank chief have sought to calm the country’s embattled property sector in recent days, but investors are waiting on something slightly more elusive: concrete steps.
China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.
From China s biggest rate-cut to lift its economy to Bayer s new dividend policy to Barclays plan for a revival and Bitcoin s surge, here s a look at some of the major developments from across the world.