Bloomberg South Africa’s central bank filed court papers to reverse an instruction by the anti-graft ombudsman that its mandate of protecting the value of currency be changed, saying the “reckless” proposal is harming the economy. Public Protector Busisiwe Mkhwebane in a report earlier this month instructed parliament to start a process to change the nation’s constitution to make the central …

Bloomberg Australia’s central bank could increase interest rates eight times in the next two years, former board member John Edwards said. The Reserve Bank of Australia is probably already considering a program of rate increases given its forecasts for inflation returning to target and economic growth to accelerate to 3 percent against a stronger global backdrop, Edwards said in a …

Bloomberg Bank of England (BOE) Deputy Governor Jon Cunliffe helped draw the battle lines for the August interest-rate decision, saying that policy makers have time before they need to hike. While some members of the BOE’s rate-setting committee have argued that consumer-price inflation of 2.9 percent means an increase in borrowing costs from a record-low 0.25 percent is required imminently, …