Brazil's incoming central bank chief Gabriel Galipolo said on Wednesday that pursuing its 3% inflation target is non-negotiable for policymakers, but that there are various paths to achieve that goal.

The Central Bank of Egypt (CBE) has withdrawn a record EGP 1.369 trillion in excess liquidity from the banking system through its weekly fixed-return deposit auction, according to data from the CBE.

The bank intends to allocate 95% of the offering shares (313.5mln) to institutional investors and 5% (16.5mln shares) to retail investors ...