Bloomberg South Africa’s banking regulator plans to give banks a break from accounting and capital rules that could release around 300 billion rand ($17 billion) for lending to help the economy cope with the fallout of the coronavirus. “It’s quite big, it’s quite meaningful,” said Kuben Naidoo, deputy governor of the South African Reserve Bank and chief executive officer of ...

Bloomberg New Zealand’s central bank needs to step up the scale and pace of its quantitative easing (QE) to achieve a meaningful fall in interest rates, market participants say. Since beginning purchases last week, the Reserve Bank has bought NZ$1.4 billion of government bonds at four auctions. While yields have moved lower, the market is wary that an expected NZ$17 ...

Bloomberg Officials from leading Southeast Asian central banks have agreed to coordinate efforts to boost their economies, all struggling under the blow from the coronavirus pandemic. Bank Indonesia Governor Perry Warjiyo told reporters in an online briefing that he held talks a day earlier with officials from five central banks in the region. He didn’t give details of what kind ...