Foreign exchange
PBoC lets yuan slide to lowest level since 2007
Hang Seng index falls to 13-year low after Xi tightens grip on power
FATF puts Myanmar on money-laundering blacklist
Move may increase economic pressure on military junta as currency crisis grows
ADB gives crisis-hit Pakistan $1.5 billion loan
Asian Development Bank extends aid as extensive floods add to major economic problems
Argentina holds rates for first time this year
Central bank says core inflation decelerating, but official figures show headline figure rising
Independence white paper outlines possible Scottish central bank
Proposals map out “the process of establishing a Scottish pound”
Hungary makes emergency intervention to defend forint
Action comes after the central bank said it would cease rate rises
State Bank of Vietnam expands exchange rate trading band
Move effectively allows the dong to fall further against a strong US dollar
Chilean board makes 11th hike, but says cycle may be over
Central bank leaders say “rate has reached its maximum level of the cycle”
Bahamas governor says exchange controls here to stay
“Difficult financial reforms” necessary before liberalisation, says Rolle
Burundi lifts capital controls
Central bank permits bureaux de change to reopen and allows receipt and transfer of FX
Georgieva says Argentina needs permanent fix to FX problems
IMF releases latest $3.8bn financing tranche, as market inflation forecasts reach 100%
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
IMF approves $3.8 billion for Argentina
Country has met most key targets, but 2022 inflation now projected to top 100%
Four more African central banks raise rates
Ghana raises policy rate to highest level since 2017, plus hikes in Uganda, Sierra Leone and Tunisia
Central Bank of Kenya raises rate and denies FX shortage
New president nominates former governor Ndung’u to become finance minister
Philippine central bank warns against currency speculation
BSP issues warning after peso touches an all-time low
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
PBoC warns investors against renminbi speculation
Central bank seeks to shore up currency after the onshore yuan fell to its lowest against dollar since 2008
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
Turkish central bank cuts rates despite 80% official inflation
MPC says growth rate could be slowing, and warns of pressure on current account
Brazil makes first FX intervention of the year
Strong real bucks wider regional trend of depreciation against the dollar
PBoC raises FX risk reserve ratio for forward trading
Move is the Chinese central bank’s latest attempt to slow the yuan’s decline
Japan intervenes in FX market for first time in 24 years
Yen falls below 145 to the USD after the BoJ kept ultra-low rates unchanged
Argentine president names Pesce to full six-year term as governor
Moves comes as IMF reaches preliminary agreement on next loan tranche