Central Banking50m
Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff
This is a fascinating book about the largest sovereign default in recent history: Argentina’s decision to suspend payments on ...
Central Banking1h
Ethiopia’s liberalisation paves way for banking consolidation
When Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), spoke to Central Banking back in October, he hinted ...
Central Banking1h
Mexico continues easing with quarter-point cut
The Bank of Mexico (Banxico) on December 19 reduced its policy rate by 25 basis points in a unanimous decision. In a ...
Central Banking3h
Brazil digs into reserves again to prop up falling currency
The Central Bank of Brazil (BCB) on December 19 intervened once again in the foreign exchange market in a further attempt to ...
Central Banking4h
China holds benchmark lending rates
The People’s Bank of China (PBoC) has kept its market-based benchmark lending rates (LPRs) unchanged. In a statement today ...
Central Banking7h
Repo and FX markets buck year-end crunch fears
A rise in the cost of repo and foreign exchange derivatives has become a year-end tradition for several years now, as banks ...
Central Banking10h
Forbearance does not always lead to ‘zombification’ – BoE paper
Temporary debt forbearance is often criticised for keeping “zombie firms” alive, but this view is not necessarily accurate, ...