REUTERS SURVEY: Of 27 analysts surveyed, 13 expect Colombia's central bank to raise rates by 50bp to 11.75% in June.

Iranian central bank governor Hemmati told Tasnim the country is not obliged to use unfrozen funds to purchase U.S. agricultural products, responding to President Trump’s assertion that the funds should be spent entirely on U.S. farm exports. Hemmati said the use of the initial $6 billion will follow a 2023 Iran–U.S. memorandum of understanding and cover basic commodities and medicines, and that Iran would not rule out buying U.S. goods if price and quality are preferable.

A-share banking sector rebounded in afternoon trading; Bank of Xi'an climbed more than 4%, while Bank of China, Postal Savings Bank of China, Bank of Chongqing, Agricultural Bank of China and Chongqing Rural Commercial Bank rose over 3%.