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Sonal Desai, fixed income CIO at Franklin Templeton, discusses what Federal Reserve Chairman Kevin Warsh accomplished as the central bank raised interest rates for the first time in three years. "What I saw was just somebody who seems to be trying to bring us back to what I would consider a good, normal space," she tells “Bloomberg Surveillance.” (Source: Bloomberg)
The Bank of Uganda raised the cash reserve requirement for commercial banks as the shilling continues to slide.
India bought a record amount of Treasuries in July, helped by large inflows under the central bank’s special facilities to draw overseas capital.
Indian bonds declined after the central bank said it would sell sovereign notes to drain cash from lenders, adding to the supply of debt in a year when the market is already under pressure from record government borrowing.
WEST AFRICA · CENTRAL BANK Key Facts —What happened The BCEAO — the shared central bank of the eight CFA-franc countries of West Africa — held its main interest rate at 3.00% at its policy meeting in Dakar on September 9. —The other dials The marginal lending rate, the emergency window for banks, stays at […] The post West Africa Central Bank Holds Rates and Flags the Inflation Turn appeared first on The Rio Times.
Brazil's central bank has wound up 17 financial firms this year, the most since 2002, as the Federal District takes a bank rescue to the Supreme Court. The post Brazil’s Central Bank Has Wound Up 17 Firms This Year appeared first on The Rio Times.
The National Bank of Hungary pressed charges over fresh instances of suspected embezzlement under its previous governor, related to a series of allegedly overpriced property acquisitions.