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Mozambique's government owes central bank over $600 million – auditors

Auditors say government is obliged to compensate central bank over forex movements ....

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Former Guinea governor held by police - Central Banking

Lounsény Nabé taken into custody this month after being dismissed following military coup ....

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West African central bank freezes Mali assets

Regional authorities demand Malian military government hold elections as scheduled ....

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Iranian court sentences former governor to 10 years in prison

Valiollah Seif convicted of currency offences, but reportedly remains free pending appeal ....

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Armenia central bank raises policy rate 50bp

Central Banking
The Central Bank of Armenia
Photo: Serouj/Wikimedia
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The Armenian central bank’s governing board increased its policy rate by 50 basis points to 6% on May 4, in its third rate hike since September, when it stood at 4.25%.
The CBA board cited rising prices on external markets in explaining its decision, specifically mentioning food prices. Inflation reached 5.8% at the end of March, the central bank said. It added a domestic economic recovery was producing higher inflation expectations.
The central bank’s inflation target is 4%, with a 1.5%
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