China's central bank said on Monday that it will raise the FX reserve requirement ratio for financial institutions to 7% from 5%, effective on June 15.
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BRASILIA, May 31 (Reuters) - Brazil’s public finances improved significantly and across the board in April, official figures showed on Monday, as a chunky budget surplus contributed to the biggest decline in government debt as a share of the economy in over a decade.
Public sector debt fell to 86.7% of gross domestic product in April, central bank figures showed, the lowest since July last year and down sharply from 88.9% the month before.
The decline of 2.2 percentage points was the steepest month-on-month fall since December 2010, according to Refinitiv data.
Net public sector debt also fell in April, to 60.5% of GDP from 61.1% the month before. That was the lowest since October.
Debate over scheme will need to wait until next year - Kihara BOJ must keep easy policy, have limited room to ramp up stimulus
TOKYO, May 31 (Reuters) - Japan will eventually need to create new schemes to recapitalise banks and allow companies to restructure their debt smoothly as part of efforts to cushion the economic blow from the COVID-19 pandemic, a senior ruling party official said on Monday.
Debate on creating such schemes may kick off next year, when there is more clarity on how firms and households behave in a post-pandemic era, said Seiji Kihara, who is deputy chair of the ruling Liberal Democratic Party’s (LDP) policy research council.
By Reuters Staff
2 Min Read
LISBON, May 26 (Reuters) - Portugal’s government reported on Thursday a public deficit of 4.8 billion euros in the first four months of 2021, nearly three times higher than a year ago, after massive spending to support businesses and families during the coronavirus lockdown.
To fight a surge in COVID-19 infections in mid-January, which at the time was the deadliest outbreak per capita in the world, Portugal imposed a strict three-month lockdown, which has since been gradually lifted.
“The deficit is explained by the impact of the lockdown and the response to the pandemic, including the extraordinary measures targeted at families and businesses,” the finance ministry said in a statement.
Turkey's lira rose almost 1% on Monday, while an index of emerging market currencies was set for the best monthly performance this year, with the South African rand looking to post its biggest monthly rise in a year.