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Sweden government explores moving to a digital currency

Bloomberg Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society. Per Bolund, financial markets minister, said a review is expected to be completed by the end of November in 2022. Anna Kinberg Batra, a former chairwoman of the parliament’s finance committee, ...

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Hungary keeps rates unchanged

Bloomberg Hungary left its monetary policy unchanged despite a slowdown in inflation and a rally in the forint, warning of continued risks to global investor sentiment amid a resurgence in coronavirus. The central bank kept the rate offered on required reserves at 0.6% and the overnight deposit rate at minus 0.05%, as forecast by all economists in a Bloomberg survey. ...

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Unicaja to buy rival Liberbank in boost to Spanish deals

Bloomberg Spain’s Unicaja Banco SA agreed to buy rival Liberbank SA in an all-share deal, adding to a flurry of deal-making in the nation’s finance industry. Unicaja will pay 1 new share for every 2.7705 of Liberbank shares, issuing as much as 1.08 billion euros of stock to fund the purchase, according to a statement. Unicaja shareholders will have 59.5% ...

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