Saudi Arabia's central bank said on Sunday it had extended a deferred payment programme to support private sector financing for an additional three months until June 30 as part of measures to stem the impact of the coronavirus pandemic on the economy.
Nigeria will offer a naira incentive to import U.S. dollars through certain licensed channels, the central bank said, in a push to shore up the country's dollar supply.
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(Reuters) - U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. Treasury yields in recent weeks, and hope for a robust recovery.
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
A drop in infections, accelerating vaccinations and likely passage of a $1.9 trillion pandemic relief package have driven a surge in bond yields. Some who worry about inflation have speculated the Fed would act to bolster its current bond-buying program to push down long-term borrowing costs.
U.S. Senate Democrats have reached a deal on jobless assistance, a sticking point for the coronavirus relief bill under consideration in the chamber, and will offer an amendment to extend the assistance through Sept. 6 at $300 per week, an aide said on Friday.