Bloomberg Poland’s central bank is analysing the impact of potential interest-rate cuts that could take place in the first quarter of 2021, Governor Adam Glapinski said. While the current, record-low reference rate of 0.1% is “appropriate and best suits the situation,” the central bank may reduce it further, the Governor said in an excerpt of an interview published on the ...

Bloomberg China’s regulators will impose caps on banks’ lending to the real estate sector for the first time, in their latest efforts to prevent systematic risks after a series of property curbs in recent years did little to damp buyer enthusiasm. Under the new mechanism, loans to developers will be capped at 40% for the nation’s largest state-owned lenders while ...

Bloomberg Commerzbank AG will set aside 610 million euros ($745 million) in the fourth quarter to cover restructuring costs after reaching an agreement with the works council on planned job cuts. The amount will cover the elimination of 2,300 positions between 2021 and 2024, part of a restructuring plan announced last year, according to a statement from the bank. Commerzbank ...