Bloomberg Bank of Korea (BOK) Governor Rhee Chang-yong sought to keep the door open to resuming policy tightening to counter inflation after the board kept interest rates unchanged on Thursday for the first time in a year. Rhee told reporters that five of the six board members he polled were open to borrowing costs reaching a peak of 3.75% ...

  Bloomberg Profitability of local lenders in Bangladesh will likely come under strain from rising funding costs amid a liquidity squeeze in the banking system, according to Moody’s Investors Service. “A spike in imports, declines in remittance inflows and high inflation have drained liquidity,” analysts led by Chong Jun Wong said. The funding costs “have increased materially because demand has ...

  Bloomberg US equity-index futures rose as investors grew confident the Federal Reserve’s peak interest rate would be within levels already priced in by markets. Contracts on the S&P 500 and Nasdaq 100 climbed at least 0.4% each after the underlying indexes avoided a selloff following the Fed’s minutes and remarks by officials. The dollar pared its losses and Treasuries ...