Central
Choose bonds over stocks as central banks cut rates, says UBS Wealth Management
UBS’ giant wealth management arm is leaning towards bonds over stocks, arguing that the asset class is set for juicy returns with little risk as central banks cut interest...
RBA seen as the only other major central bank at risk of hiking
AUSTRALIA’S central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a...
Thai central bank says current inflation goal ‘appropriate’ for economy
THE Bank of Thailand (BOT) defended its goal to keep inflation within a band of 1 to 3 per cent as “appropriate” for the prevailing economic conditions, after the...
New Zealand central bank to activate debt-to-income tool to reduce high-risk lending
NEW Zealand’s central bank will limit the amount of money banks can lend for house purchases to six times a borrower’s annual pre-tax income. The Reserve Bank of New...
Ghost staff scandal risks shakeup at Philippine central bank
A SCANDAL involving ghost employees at the Philippine central bank threatens to shake up the monetary authority at a time when policy decisions are crucial amid elevated inflation and...
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A SCARCITY of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury...
New Zealand central bank confident medium-term inflation returning to target
NEW Zealand’s central bank decided to hold the cash rate at 5.5 per cent this week because its monetary policy committee remained confident medium-term inflation would return to its...
India central bank’s record dividend to government may reduce fiscal gap
THE board of India’s central bank approved a record surplus transfer of 2.11 trillion rupees (S$34.1 billion) to the government for the fiscal year that ended in March, sharply...
