Bloomberg Egypt’s central bank will increase the reserve requirement for lenders next week, potentially paving the way for cutting interest rates even as it battles soaring inflation triggered by a sharp currency devaluation. The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from October 10, the regulator said. It said the measure was ...

Bloomberg Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said. Companies and banks in these countries have sizeable external debt, although foreign exchange reserves currently appear adequate, the Washington-based multilateral lender said ...

Bloomberg India’s sovereign bonds dropped, reversing earlier gains, after the Reserve Bank of India (RBI) kept interest rates unchanged as expected and lowered the proportion of deposits that lenders must invest in specified securities such as government notes. The benchmark repurchase rate was left at 6%, with five on the six-member monetary policy committee voting for no change. The outcome ...