By Reuters Staff
3 Min Read
BEIJING (Reuters) - Stimulus measures implemented by the Federal Reserve over the past year and future policy changes that the U.S. central bank has signalled will have limited impact on China’s financial markets, a Chinese central bank official said on Thursday.
FILE PHOTO: The Chinese national flag flies at half-mast at the headquarters of the People s Bank of China, the central bank (PBOC), as China holds a national mourning for those who died of the coronavirus disease (COVID-19), on the Qingming tomb-sweeping festival in Beijing, China April 4, 2020. REUTERS/Carlos Garcia Rawlins
“The positive effect of China’s normal monetary policy stance is emerging,” Sun Guofeng, head of the People’s Bank of China’s (PBOC) monetary policy department, told a briefing. He said that policy was returned to normal after the COVID-19 epidemic in China was brought under control in May.
Singapore's central bank is expected to leave monetary policy on hold at its April review, economists said, as the trade and finance hub's economic growth remains susceptible to risks from the COVID-19 pandemic that is still raging globally.
Stimulus measures implemented by the Federal Reserve over the past year and future policy changes that the U.S. central bank has signalled will have limited impact on China's financial markets, a Chinese central bank official said on Thursday.
By Reuters Staff
1 Min Read
FILE PHOTO: A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. Picture taken November 12, 2020. REUTERS/Mohamed Azakir
DUBAI (Reuters) -Lebanon’s central bank is ready to facilitate a forensic audit process by Alvarez & Marsal and will discuss this in a virtual meeting with the restructuring company on April 6, it said in a statement on Thursday.
Alvarez & Marsal pulled out of the audit procedure in November, saying it had not received the information it required, prompting parliament in December to lift banking secrecy for one year.
The audit is on a list of reforms that foreign donors have demanded before helping Lebanon out of its grave financial crisis, rooted in decades of state waste and corruption.
By Reuters Staff
2 Min Read
JUBA (Reuters) - South Sudan’s central bank ordered banks on Thursday to start using one foreign exchange rate in order to reduce market distortions, seeking to stabilise an economy reeling from years of war and the impact of the COVID-19 pandemic.
While the central bank’s indicative exchange rate stands at 186 South Sudanese pounds per dollar, importers have been paying 610 pounds per dollar in the parallel market, officials and currency traders said.
The central bank said lenders must in future use a daily market rate that it will publish based on daily foreign exchange returns from the institutions.