Bloomberg Bank of America (BofA) Merrill Lynch says India’s central bank should set a schedule for bond purchases to help bring down lending rates amid a cash crunch in the financial system. The Reserve Bank of India has bought 570 billion rupees ($8.5 billion) of sovereign debt since resuming open-market operations, or OMOs, in early December after almost two years. …

Beijing / Bloomberg The People’s Bank of China (PBOC) gauged demand for medium-term loans on Wednesday at an interest rate lower than it’s offered in the past, Reuters reported, citing people it didn’t identify. The monetary authority lowered the cost of the three- and six-month, and one-year Medium-term Lending Facility by 25 basis points to 2.5 percent, 2.6 percent and …

BLOOMBERG Israel is experiencing one of the world’s longest streaks of negative inflation. Yet unlike central banks in Europe or Japan, which have lowered interest rates below zero to combat deflation, the Bank of Israel isn’t as worried about the trend. While these other banks fret about growth, Israeli central bankers say the local economy is healthy and the drop …