Latest news with #monetaryAuthority
Bloomberg
2 days ago
- Business
- Bloomberg
Bank of China, JPMorgan Among Banks in Argentina $2 Billion Repo
Argentina launched an agreement with seven private banks on a repurchase agreement of $2 billion, money aimed at bolstering the central bank's foreign reserves. The structure of the transaction includes a floating interest rate of 450 basis points over the Federal Reserve's Secured Overnight Financing Rate with the contract maturing in April 2027, the monetary authority said in a statement Wednesday.
Bloomberg
09-05-2025
- Business
- Bloomberg
Hong Kong Property May Bottom as Borrowing Costs Drop, Jefferies Says
Declining interest rates in Hong Kong are increasing the chances the residential property market bottoms out, according to Jefferies. The one-month Hong Kong Interbank Offered Rate has plunged 205 basis points in the past four days, potentially bringing relief for a market hammered by high interest rates and slumping prices. Money markets are flushed after the monetary authority sold HK$129.4 billion ($16.6 billion) of local currency to stop it from strengthening past its pegged range.
