Page 56 - Frx News Today

The Turkish Central Bank said on Thursday the current monetary policy stance was adequate to support recovery following last month's earthquake by maintaining price stability and financial stability.

Turbulence in Europe's banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the role played by credit default swaps in all the turmoil.

Countries in East and Southeast Asia are looking at ways to ease access to a $240 billion currency swap arrangement, including allowing it to be tapped for pandemic or disaster response, Indonesia's deputy central bank governor said on Thursday.

Nigeria's total public debt rose to 46.25 trillion naira ($103.1 billion) in 2022, from 39.56 trillion naira a year earlier, as the government ramped up borrowing to fund its budget deficit, the Debt Management Office (DMO) said on Thursday.

South Africa's central bank surprised markets by raising its main lending rate by a higher than expected 50 basis points to 7.75% on Thursday in a bid to tame inflation.

The Kenyan shilling traded flat against the dollar on Thursday, as the long-dormant interbank market picked up steam, helping to meet foreign exchange demand, traders said.

The Bank of Mexico's five-member governing board unanimously voted to hike the benchmark interest rate by 25 basis points to 11.25% on Thursday, moderating the pace of its tightening cycle and taking a more dovish tone on the future of rate moves.

A look at the day ahead in Asian markets from Jamie McGeever.

The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted.

Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's stock soared on the internet behemoth's plans to split into six units.