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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. In September, the PBoC cut its benchmark seven-day interest rate by 20 basis points to 1.5%

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Bond Yields Surge in Europe as Old Jitters Return

CFO News Room

The benchmark 10-year U.S. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . Government bond yields surged world-wide after a strong report on the U.S. It was at 1.25% at the start of the week. on Friday.

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JPMorgan On Corporate Treasurers And Their ‘Digitization Journey’

PYMNTS

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

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Swiss Franc Weakens On Impending US And Europe Rate Cuts

PYMNTS

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. billion and are watched with keen interest because they are a sign of intervention by foreign exchange. . francs per euro, which many analysts say is a benchmark.

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FX Traders Told To Halt Their Rumor Mill

PYMNTS

Some of the world’s largest financial institutions have banned together to combat rising skepticism over the world’s foreign exchange market, a move that follows billions of dollars in fines issued to banks for their alleged roles in manipulating benchmark rates and exchanging sensitive information.

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Thailand’s interest rate at record low

Future CFO

The Bank of Thailand has recently cut its benchmark interest rate again. Thai investors can trade gold in foreign currencies. Down by a quarter-percentage point, the key rate is now at 1.25%. The stronger Baht had an impact on exports and the country’s economy. They were required to do so in Baht before. .

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Central Banker Report Cards 2024: Europe

Global Finance

Belarus Pavel Kallaur: N/A With Belarus’ economy increasingly integrated into that of Russia, it makes perfect sense for the National Bank of the Republic of Belarus (NBRB) to proceed with plans to introduce a digital Belarusian ruble linked to the Russian currency. in August and annual GDP growth projected at 2.1%. in 2024 and 1.5%