Tags: Central bank
Brazil Real surges on USD60 billion plan
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Mongolia's State Bank to take over 503 Savings Bank branches
State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
China's central bank announces interest rate reform
China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Pope plans Vatican Bank restructuring
Pope Francis announced his intent to restructure the Catholic Church, including the Vatican Bank. The head of the Catholic Church spoke about reforming the entire structure of the religion, starting from the Vatican Bank itself.