Bloomberg New Zealand’s central bank (RBNZ) signalled it is in no rush to remove monetary stimulus, saying inflation will slow next year and the economic outlook remains highly uncertain amid the Covid-19 pandemic. “Prolonged monetary stimulus” remains necessary and “considerable time and patience” will be required to meet its inflation and employment targets, the Reserve Bank said in a statement ...

Bloomberg The central bank of Myanmar is limiting cash withdrawals from banks and automated teller machines a month after the country’s military coup. Individuals will not be allowed to withdraw more than 2 million kyat ($1,406) from their bank accounts while businesses will be allowed to withdraw up to 20 million kyat a week, according to a directive signed by ...

Bloomberg Christopher Laskowski, head of Hong Kong corporate and investment banking at Citigroup Inc., is leaving after 23 years at the US bank, according to people familiar with the matter. Laskowski, who also heads Citigroup’s Asia global asset managers with a focus on private equity and sovereign wealth funds, recently resigned. He joined Citigroup in New York in 1997 and ...