Bloomberg A South African bank that gave President Jacob Zuma a mortgage to settle a Constitutional Court order to repay taxpayers the money spent on upgrading his residence said it sticks to loan processes no matter who the client is. “In granting a loan, the usual processes and conditions apply no matter who the client may be,” VBS Mutual ...

  Bloomberg Sweden’s central bank presented a careful analysis on potentially changing the inflation measure it aims for, highlighting in its conclusion that any switch could damage confidence in the price target. While the current consumer price index is “somewhat problematic,” policy makers found that switching the measure could create “uncertainty” and “lead to expectations that it may be replaced ...

  Bloomberg The toll on Russia’s economy leveled by high real interest rates is worth paying because of the boost to central bank credibility, according to Fitch Ratings. “It’s a short-term cost, but once you have central bank credibility, that’s clearly a long-term benefit for the economy,” Paul Gamble, a senior director at Fitch, said in an interview in Moscow ...