Bloomberg China’s central bank is increasingly making use of one of its lesser known monetary policy tools to support the economy, a move that analysts say suggests less need for broad policy action like interest rate cuts. The People’s Bank of China (PBOC) is turning to its relending program, providing loans to commercial banks for lending to customers. The funds …

Bloomberg The Swiss National Bank’s (SNB) negative interest rates remain essential to prevent a rise in the franc that thwart economic growth, Vice President Fritz Zurbruegg told Sonntagszeitung in an interview. Although the SNB will raise borrowing costs when necessary, “at the moment we need the negative interest rates due to the situation globally,” he said. “If we were to …

Bloomberg Nigeria’s central bank says it’s investigating the foreign-exchange transactions of lenders operating in the country. Following “recent occurrences in the market,” the central bank of Nigeria “would like to remind banks to desist from all and any forms of FX malpractices,” the regulator said in a statement. Any lenders “found culpable with ongoing investigations” could have their foreign-exchange operating …