Bloomberg The Bank of Korea (BoK) stayed the course amid rising uncertainty, leaving its benchmark interest rate unchanged in a unanim-ous decision. The central bank is balancing concerns including record household debt and recent weak domestic economic data with external risks such as rising US interest rates and global emerging-market instability. Governor Lee Ju-yeol described uncertainties as high, and as ...

Bloomberg Kenya plans to overhaul legislation governing its financial sector by creating new agencies that regulate the cost of credit and protect consumers, according to a draft law on the Treasury’s website. The Financial Markets Conduct Bill seeks to “promote a fair, non-discriminatory marketplace for access to credit, to provide for the establishment of uniform practices and standards in relation ...

Bloomberg Nigerian central bank Governor Godwin Emefiele’s tight monetary-policy stance and system of multiple exchange rates may have paid off through slowing inflation and a stable naira, and he’s not about to change that soon. The MPC has kept its benchmark interest rate at a record 14 percent since July 2016 despite calls to lower rates to support economic growth. ...