AGP Executive Report
Last update: 6 hours agoRates: Australia’s central bank raised its cash rate to 4.85%, an 18-year high, in a split vote; its governor signalled a possible pause as policymakers weigh persistent inflation against further pressure on borrowers. Banking: Paraguay’s central bank began resolution proceedings for digital lender ueno after finding a solvency shortfall, saying the move aims to protect depositors and financial stability. New Entrant: Revolut secured New Zealand banking registration, opening the way to savings accounts and credit cards; its introductory savings rate is 3.5% for four months on balances up to NZ$50,000, with eligible deposits protected up to NZ$100,000. China Markets: The central bank conducted a 100-billion-yuan liquidity swap to support capital markets and will raise banks’ foreign-exchange reserve ratio to 6% from Nov. 15. Separately, a report says regulators have urged investment banks to pause IPOs amid market weakness. Gold: Central banks bought 321 tonnes in the third quarter, the fastest pace since late 2024, bringing year-to-date purchases to 675 tonnes and reinforcing a key source of support for bullion.
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