Bloomberg Hong Kong banks have to renegotiate HK$1.6 trillion ($205 billion) in contracts linked to the London interbank offered rate (Libor) before the benchmark ceases as corporate customers have been slow in transitioning to alternatives, the city’s de-facto central bank said. At the end of September, Hong Kong lenders had HK$4.3 trillion of assets, HK$1.2 trillion of liabilities and HK$34.9 ...

Bloomberg Bank of England (BOE) Governor Andrew Bailey told UK lawmakers he is “very uneasy about the inflation situation” amid mounting evidence that a shortage of workers will drive up wages. Bailey told the House of Commons Treasury Committee that the labour market is looking “tight” but that he wanted to see what happened after the furlough program ended before voting ...

Bloomberg Australia’s central bank chief Philip Lowe opened the door to an interest-rate increase before 2024 as policy makers acknowledged quicker consumer-price gains last quarter had altered the inflation picture. Lowe said in a speech Tuesday that a rate hike in 2024 was “still plausible,” while adding that a quicker return to the bank’s inflation target could make the case ...