Bloomberg Mario Draghi is finding the euro area’s eastern flank to be an unwelcome distraction. The European Central Bank president is likely to find the Governing Council missing both its Latvian and Slovenian representatives this summer, with the former barred because of a bribery investigation and the latter opting to leave his job. The ECB is questioning Latvia’s restrictions on …

Bloomberg A new type of bank bond is coming to China, albeit slowly. Chinese regulators in March released preliminary guidelines encouraging mainland banks to consider selling securities that can take in large losses in the event of a crisis. Bond watchers have taken that as a sign that total-loss absorbing capacity (TLAC) issuance may make its debut in China, following …

Bloomberg Poland’s monetary tightening, already postponed for a second year, is no longer inevitable. Instead of a widely anticipated pickup in inflation, two months of below-forecast readings are a vindication of the central bank’s reluctance to tinker with borrowing costs in what’s already its longest-ever period of stable interest rates. The 10-member Monetary Policy Council will keep its benchmark at …