Tag: central bank
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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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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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Pakistan’s central bank holds key policy rate at 11.5%
KARACHI, July 27 : Pakistan’s central bank held its key policy rate at 11.50 per cent on Monday, the bank’s governor told reporters, as U.S.-Iran hostilities threaten to push up energy costs and inflation in the import-dependent country.The central bank decision comes weeks after the collapse of a ceasefire a
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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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Analysis:AI hopes and fears dominate global central bank meet
SINTRA, Portugal, July 1 : Seeping into just about every conversation at this week’s meeting of the world’s top central bankers was one big unknown: how artificial intelligence will impact the world economy and therefore their mandate to ensure financial stability.The consensus of those discussions at the ECB
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Malaysia central bank fines AEON Credit for sanctions breaches
KUALA LUMPUR, June 24 : Malaysia’s central bank said on Wednesday that it has fined AEON Credit Service (M) Berhad 520,000 ringgit ($125,665) for breaches of targeted financial sanctions.AEON Credit, a Malaysian unit of Japan’s Aeon Co, has since taken remedial measures and conducted refresher training for re
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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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