Tag: central
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BIS says AI boom risks clouding central banks’ inflation signals
LONDON, July 28 : The artificial intelligence boom could make it significantly harder for central banks to judge the state of the economy and set interest rates, as the technology simultaneously boosts both demand and supply, the Bank for International Settlements said on Tuesday. In a bulletin on the econom
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Malaysian economy on track for 4% to 5% growth, central bank governor says
KUALA LUMPUR, July 28 : Malaysia’s economy is on track to grow by between 4 per cent and 5 per cent this year despite the global energy supply shock from the Middle East conflict, its central bank governor said at a forum on Tuesday. • Economic growth will likely be towards the upper end of…
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Will gold prices extend their record-breaking run?
Predictions suggest the price of the precious metal will keep hitting new record highs as investors seek a safe bet in turbulent times. Some forecasts say prices could double within five years.
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Vietnam central bank says global risks complicate policymaking
HANOI, July 2 : Global risks are putting pressure on the Vietnamese central bank’s policy management, deputy governor Pham Thanh Ha said on Thursday.The Southeast Asian manufacturing hub is targeting economic growth of more than 10 per cent this year, supported by stronger infrastructure spending, but the imp
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Digital euro: The plan to Trump-proof the EU’s economies
The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.
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From Centre Court to Central Park, Agassi and Wozniacki serve up Wimbledon in NYC
NEW YORK, June 26 : The manicured lawns of Wimbledon came to the heart of Manhattan on Friday when former Grand Slam champions and fan favourites including Andre Agassi and Caroline Wozniacki took to a temporary pop-up grasscourt erected in New York’s Central Park.Agassi and Wozniacki were joined by former U.
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Thai central bank raises economic outlook, holds rates as expected
BANGKOK, June 24 : Thailand’s central bank upgraded its economic growth forecasts on Wednesday, signalling a modest improvement in the outlook after it held interest rates steady for a second meeting.The Bank of Thailand (BOT) said it expected economic growth to come in at 2.3 per cent this year, higher than
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Thai central bank keeps key interest rate unchanged, as expected
BANGKOK, June 24 : Thailand’s central bank kept its key interest rate unchanged for a second straight meeting on Wednesday, as it lifted its growth forecasts and said inflation would fall next year as supply-side pressures ease.The Bank of Thailand’s monetary policy committee voted unanimously to maintain the
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Iran peace not stopping central banks from raising borrowing costs
FRANKFURT/TOKYO, June 18 : The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing costs or signalled likely moves to tame price growth.Conflict in the Middle East has p
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Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, including
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