Tag: central bank
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China’s central bank to further open up Chinese financial markets to foreigners
“China’s steady economic growth and rapid development of high-tech industries provide solid support for RMB assets,” said China’s central bank governor Pan Gongsheng.
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Thai central bank in no rush to raise rates, governor says
BANGKOK, Oct 8 : Thailand’s central bank chief said on Thursday there is no rush to raise interest rates and monetary policy could not address structural issues constraining economic growth. • The central bank left its key interest rate unchanged at 1.00 per cent in August and its next monetary policy rev
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Vietnam’s central bank says inflation is higher than targeted but remains under control
HANOI, Oct 7 : The rise in annual inflation in September has put pressure on Vietnam’s monetary policy management for the rest of this year but prices remain under control, central bank deputy governor Pham Thanh Ha said on Wednesday. • Vietnam’s annual inflation in September was 5.08 per cent, compared wi
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India’s PhonePe gets initial UAE central bank nod for payment licences
Sept 22 : Digital payments platform PhonePe said on Tuesday it received in-principle approval from the UAE central bank for two licenses covering retail payment services, card schemes, and stored value facilities. The Walmart-backed fintech firm said the approval follows initial regulatory due diligence and
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CNA Explains: Why is the Fed raising interest rates again – and what does it mean for Asia?
The US Federal Reserve has raised interest rates by 25 basis points as it battles stubborn inflation, with more hikes potentially on the way.
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US central bank raises interest rates for first time in more than three years – follow live
The Federal Reserve has been under pressure to hike interest rates, which influence mortgages and savings, to help curb rising prices.
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South Korea central bank delivers back-to-back rate hike, as expected
SEOUL, Aug 27 : The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00 per cent on Thursday, as expected, delivering a second straight increase as inflation stays above target while financial stability risks persist. The seven-member monetary policy board at the BOK voted t
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Brazil central bank eyes expansion for Pix payment system as US trade scrutiny intensifies
BRASILIA, Aug 10 : Brazil’s central bank said on Monday it is assessing links between its popular instant payment system Pix and similar platforms abroad, in a more concrete push toward cross-border integration as the system comes under scrutiny from the U.S.In a report on Pix, which was recently cited by the
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Indonesian president nominates acting head to lead central bank
Destry Damayanti has been nominated as the sole candidate for the job, said a presidential spokesman.
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South Korea’s central bank to buy gold from domestic producers
SEOUL, Aug 3 : South Korea’s central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal, it said on Monday. The Bank of Korea said it has established a framework for domestic gold purchases with local producers, Korea Exchange and Korea S
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