Reuters As India’s foreign-exchange reserves march towards the unprecedented $400 billion mark, its central bank faces a costly conundrum. To keep the rupee stable and exports competitive, it is having to mop up inflows that’s adding cash to the local banking system. Problem is, banks are flush with money following Prime Minister Narendra Modi’s demonetisation programme last year, leaving them ...

Bloomberg Mario Draghi said that while central-bank actions over the last decade have strengthened the global economy, it is important to be open-minded in readying for future developments. In a speech that gave no specific signals on the European Central Bank’s current policy deliberations, the institution’s president stressed that officials must be “unencumbered by the defense of previously held paradigms ...

Bloomberg Indonesia’s central bank surprised most economists by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. The benchmark rate was cut by a quarter point to 4.5 percent, with all but six of the 28 economists surveyed by Bloomberg predicting it would stay on hold. Bank Indonesia reduced borrowing costs six times last year, making ...