Bloomberg Thailand’s central bank raised borrowing costs by a quarter-point, putting it further behind the policy tightening that peers in the region have followed to tame inflation and stem currency weakness. The baht extended its decline. The Bank of Thailand’s monetary policy committee voted unanimously to raise the one-day repurchase rate by 25 basis points to 1%, as seen ...

  Bloomberg Citigroup Inc. appointed Grant Carson to manage its operations in Russia as a stand-alone entity as the US bank reduces its business in the country following President Vladimir Putin’s invasion of Ukraine. Russia will continue to be part of Citigroup’s EMEA emerging markets cluster under its regional Chief Executive Officer Ebru Pakcan, according to an internal memo seen ...

  Bloomberg European Central Bank (ECB) President Christine Lagarde said borrowing costs will be raised at the next “several meetings” to ensure inflation expectations remain anchored and price gains return to the target. Addressing an event in Frankfurt, Lagarde said bringing inflation back to the 2% medium-term goal is the ECB’s main mission — despite increasing concerns about recessions in ...