Bloomberg After five years of negative rates imposed by the European Central Bank (ECB), German lenders are breaking the last taboo: Charging retail clients for their savings starting with very first euro in the their accounts. While many banks have been passing on negative rates to retail clients for some time, they have typically only done so for deposits of ...

Bloomberg The Bank of Thailand said it has many tools left to manage capital inflows to curb the local currency’s strength, which is hurting growth prospects in the Southeast Asian economy. The scope and speed of the baht’s appreciation is out of line with economic fundamentals such as the current-account surplus, Don Nakornthab, a senior director in the central bank’s ...

Bloomberg The World Bank sees Tanzania’s economic growth accelerating to 5.6% this year from an estimated 5.4% in 2018, driven by a recovery in exports and growing tourist arrivals. The rate of expansion will also quicken to 5.8% in 2020 and 6.1% in the following year, it said in a report published on Tuesday. “Tanzania was again one of the ...