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Ethiopian PM dismisses African mediation talk

Bloomberg Ethiopia’s Prime Minister Abiy Ahmed said he will meet with the three envoys appointed by the African Union, dismissing a move by the regional body to mediate a conflict between the federal government and the northern region of Tigray. The African Union named three former heads of state as envoys. The PM’s office said that news of envoys traveling ...

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National Bank of Hungary pushes asset-purchase plans

Bloomberg Hungary’s central bank is about to take its $2.5 billion asset-purchase program to the next level as it prepares to buy the bonds of a company owned by one of its entities. The debt sale under the central bank’s plan, flagged in a corporate filing, may further blur what’s become a hazy boundary on what central banks around the ...

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Thailand moves to cool baht rally

Bloomberg Thailand relaxed rules on capital outflows and will increase scrutiny of fund flows into bonds to help cool a currency rally that threatens its economic recovery from the pandemic. The Bank of Thailand (BOT) moved forward measures that were supposed to begin early next year, most of which will now take effect from end-November. The rules will make it ...

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