Bloomberg The Swedish central bank will probably have to raise interest rates earlier than its previous timeline of 2024, Riksbank Governor Stefan Ingves said, signalling a shift on removing stimulus after lagging behind most of its developed peers. “Right now inflation is far too high,” Ingves said in an interview with Swedish Radio, adding the central bank has to ...

  Bloomberg Japan’s top lenders, including the banking unit of Mitsubishi UFJ Financial Group Inc., are pulling their Japanese staff out of Russia due to safety concerns following its invasion of Ukraine. The banking units of Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. are also moving Japanese staff out of the country, according to representatives for the ...

Bloomberg Australia’s central bank said Russia’s invasion of Ukraine has the potential to prolong a period of elevated consumer-price growth and is clouding the economic outlook, minutes of its March 1 policy meeting showed. “The war in Ukraine and the associated increase in energy prices had created additional uncertainty,” the Reserve Bank said in the release on Tuesday. A key ...