Bloomberg Zambia’s central bank raised its key interest rate for a second time this year, bucking a global easing trend, in a bid to support its currency and tame inflation. The Bank of Zambia increased the rate to 11.5% from 10.25%, Governor Denny Kalyalya told reporters in Lusaka, the capital. That’s the highest level since May 2017. The central bank …

Bloomberg A federal jury in New York is set to start mulling the fate of former JPMorgan Chase & Co banker Akshay Aiyer, who is accused of conspiring with traders at other banks to eliminate competition by manipulating currency markets and boost their own profits. Over more than two weeks, prosecutors presented evidence highlighted by testimony from former Citigroup Inc …

Bloomberg Hungary’s central bank left its monetary policy setup unchanged, ignoring a depreciation in the forint and a surge in core inflation in one of the European Union’s fastest-growing economies. The central bank, which has pledged to make substantial adjustments only on a quarterly basis, left the overnight deposit rate at -0.05%, matching economists’ predictions. It also left the parametres …