Bloomberg South Africa’s ruling African National Congress reaffirmed the central bank’s role, mandate and independence in an annual policy statement. The assurance may allay fears of renewed attacks by some ANC leaders on the South African Reserve Bank in the run-up to the party’s national general council later this year. The gathering will mark the mid-point of the current ANC ...

Bloomberg Federal Reserve Chairman Jerome Powell likened the potential fallout surrounding the central bank’s interest-rate forecasts to a nuclear meltdown in what even he admitted was a stretched metaphor back in 2014. “The market doesn’t really understand how the SEP works and how it gets put together,” the then-Fed governor said in March 2014, referring to the central bank’s quarterly ...

Bloomberg South Korea’s biggest arranger of offshore bond sales expects another busy year in 2020 due to a big wall of maturing debt and foreign investor demand at a time of rising uncertainties elsewhere. Korean issuers sold $33.3 billion of notes abroad last year, only slightly below the six-year high marked in 2018, Bloomberg-compiled data show. Issuance in 2020 will ...