Bloomberg The People’s Bank of China (PBOC) could bolster liquidity in the banking system by selling yuan, which will help lower borrowing costs while stemming the currency’s gains, Nomura Inc. said. The central bank needs more aggressive steps to tackle China’s slowing economy, and swapping the yuan for foreign exchange is its best option, according to Nomura’s chief China ...

  Bloomberg The Reserve Bank of Australia (RBA) said tapering its bond buying program at the first meeting of 2022 and ending it in May is consistent with existing forecasts, as policy makers presented an upbeat view of the economy. The RBA’s board discussed two other options for quantitative easing: it could cease purchases in February if better-than-expected progress was ...

  Bloomberg The UK’s top banking supervisor has handed out a record fine to Standard Chartered Plc for failures in its regulatory reporting and controls. The Bank of England’s Prudential Regulatory Authority imposed a 46.6 million pound ($61 million) penalty on the lender for five reporting errors between March 2018 and May 2019, according to a statement. That was compounded ...