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Beijing backs Hong Kong lockdown as Covid crisis worsens, say sources

Bloomberg Chinese officials have told Hong Kong that they think a lockdown will be needed to contain surging Covid-19 cases, according to people familiar with the discussions, with the city’s government conceding some kind of targeted stay-at-home restrictions may be necessary if the situation continues to spiral out of control. The two sides have been meeting frequently to discuss Hong ...

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Bank Indonesia may unwind debt monetisation next year

  Bloomberg Indonesia’s central bank may start next year to sell the government bonds it bought as part of a $58 billion debt monetisation that supported stimulus spending during the pandemic. “We will discuss the possibilities later but based on the information that we have now, it is likely that we will roll back our government bond holding starting next ...

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RBI to enter into sell-buy swaps worth $5 billion

  Bloomberg India’s central bank will enter into sell-buy swaps worth $5 billion with banks to elongate the maturity profile of its forward dollar book. The 2-year USD/INR sell-buy swap auction will be held on March 8, the Reserve Bank of India (RBI) said. This will enable access to a wider set of market participants and smoothen receivables relating to forward ...

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