Bloomberg Some of Australia’s biggest banks will extend the deferral of loan repayments for up to four months as the nation scrambles to contain the threat of a second wave of coronavirus infections. Customers who can resume paying their loans will be required to do so at the end of their six-month deferral period, the Australian Banking Association (ABA) said ...

Bloomberg Sri Lanka’s central bank lowered borrowing costs for a fifth time this year to support the economy amid the coronavirus crisis. The central bank of Sri Lanka cut the standing lending facility rate by 100 basis points to 5.5%, according to a statement. Two of the five economists surveyed by Bloomberg predicted the move, while all expected a cut. ...

Bloomberg Nigeria’s central bank devalued the naira by 5.5% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency. The official rate to the greenback was pegged at 381 naira from 360, according to data on the website of FMDQ OTC Securities Exchange, the Lagos-based platform that oversees foreign-exchange trading. ...