Tag: central bank
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Indonesia’s central bank to prepare regulations reflecting wider mandate
JAKARTA, June 5 : Indonesia’s central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial system law, its spokesperson said on Friday.Bank Indonesia supported the law and had provided its feedback for the legislati
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Indonesia passes sweeping bill expanding central bank role to spur growth
JAKARTA, June 4 : Indonesia’s parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank.Parliament passed the bill by acclamation, with support from
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France, Italy and Spain push to fix EU banking fragmentation
The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness.
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