The Reserve Bank of India raised trading targets for the country’s bond market makers in a bid to boost liquidity, driving a surge in activity in the 10-year benchmark security, according to people familiar with the development.
Federal Reserve Bank of Minneapolis President Neel Kashkari said the conflict in the Middle East has added uncertainty to the outlook for interest rates.
New Zealand should reconsider how frequently it adjusts the Reserve Bank’s remit because it raises the risk of monetary policy mistakes, according to the Organisation for Economic Cooperation and Development.
South African Reserve Bank Governor Lesetja Kganyago heralded the fortitude of the rand and other emerging-market currencies amid the Iran war, and said this could reflect a wider souring on US assets.
India’s central bank has introduced tighter rules requiring banks to set aside more funds for future losses on credit and loan portfolios, in a move to align the sector’s norms with global standards.
