Bloomberg Hungary’s central bank left its main interest rates unchanged, sticking to a gradual shift towards the end of ultra-loose monetary policy as it assesses the need to curb brewing inflation pressures. Rate setters left the rate on required reserves unchanged at 0.9 percent and the overnight deposit rate at minus 0.15 percent on Tuesday, with both decisions matching economists’ ...

Bloomberg Zimbabwe said it will allow companies and individuals to transfer dollars electronically, as it looks to ease a crippling scarcity of foreign exchange that’s sent the economy into meltdown and triggered protests. The Reserve Bank of Zimbabwe has upgraded its systems to allow for such transactions and will run testing until February 1, after which it plans to go ...

Bloomberg Volatile times are back on the global economic scene with the US appearing to lack clear policy and growth in Europe slowing, the Kenyan central bank governor said. Comments by members of the US government have undermined the Federal Reserve’s role as an anchor of monetary policy, Governor Patrick Njoroge said. Other key concerns include the threat of a ...