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RBA may highlight inflation, virus risks in rate-hold call

Bloomberg Australia’s central bank is likely to highlight the interval between building economic momentum and faster price gains as well as renewed risks from a new coronavirus variant in its final meeting of the year. All 27 economists surveyed see the Reserve Bank holding its cash rate at a record-low 0.1%. On the policy outlook, markets see rate liftoff in ...

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ECB unit to focus on banks’ bad loan risks

Bloomberg The European Central Bank (ECB) said its supervision arm will focus its scrutiny in the coming three years on risks that lenders face from a potential spike in bad loans and their search for higher returns. Several early indicators point to a possible deterioration in credit quality, senior ECB officials said in a blog post. The rate at which ...

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Citigroup picks favourites for over $3bn in Asia sales

Bloomberg Citigroup Inc has chosen preferred bidders for its consumer assets in several Asian markets as the U.S. lender presses ahead with its plans to divest numerous units across the region. The US lender picked Bank of Ayudhya Pcl as the leading suitor to buy its retail assets in Thailand, the people said, asking not to be identified because the ...

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