Central

BIS to leave China-backed central bank digital currency project
BIS to leave China-backed central bank digital currency project
October 31, 2024
THE Bank for International Settlements (BIS) said on Thursday (Oct 31) it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China...
India central bank’s rosy growth forecast baffles economists
India central bank’s rosy growth forecast baffles economists
October 28, 2024
THE Reserve Bank of India’s (RBI) upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion and concern among economists.The central bank has stuck to its...
Thai central bank governor sees ‘high’ bar to another rate cut
Thai central bank governor sees ‘high’ bar to another rate cut
October 23, 2024
THAILAND’S central bank chief Sethaput Suthiwartnarueput signalled policymakers will not be rushing to follow up on last week’s interest-rate cut and defended the current inflation target amid government calls...
China central bank chief flags more interest rate cuts
China central bank chief flags more interest rate cuts
October 18, 2024
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end...
India central bank bars four non-banks from fresh lending for breaching norms
India central bank bars four non-banks from fresh lending for breaching norms
October 17, 2024
INDIA’S central bank barred four non-bank finance companies (NBFCs) from sanctioning and disbursing loans due to “usurious” pricing and for charging a significant mark-up over their funding costs, it...
Central bankers make rare comments in favour of bigger gold stash
Central bankers make rare comments in favour of bigger gold stash
October 15, 2024
GOLD purchases from central banks have been a key driver in bullion’s record-smashing rally this year. But officials rarely signal ahead of time when buying is top of mind....
South Korea’s central bank cuts rates as slumping economy slows inflation
South Korea’s central bank cuts rates as slumping economy slows inflation
October 11, 2024
SOUTH Korea’s central bank cut policy interest rates for the first time in four and a half years, making a shift away from quashing inflation, currently below its 2...
Cash still king for Swiss businesses, central bank survey shows
Cash still king for Swiss businesses, central bank survey shows
October 9, 2024
CASH is still the most accepted payment method for Swiss businesses, the Swiss National Bank (SNB) said on Wednesday (Oct 9), despite plans by some companies to reduce their...
India central bank governor warns non-bank lenders of ‘growth-at-any-cost’ approach
India central bank governor warns non-bank lenders of ‘growth-at-any-cost’ approach
October 9, 2024
SOME Indian non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the central bank governor said on Wednesday...
Australia central bank discussed future cases for raising, lowering rates
Australia central bank discussed future cases for raising, lowering rates
October 8, 2024
AUSTRALIA’S central bank discussed scenarios in which the cash rate may need to be raised or cut in the future at the September policy meeting, having left interest rates...