Central
New Thai finance minister downplays row with central bank
Thailand’s new finance minister on Tuesday (May 7) downplayed a long-running clash between the central bank and the government over interest rates, saying there would be no attempt to...
Australia’s central bank holds cash rate at 4.35%
AUSTRALIA’S central bank held interest rates steady on Tuesday as expected, while noting inflation was easing more gradually than hoped and it was vigilant to upside risks for price...
Australia’s central bank sees no need to hike rates but wary of price risks
AUSTRALIA’S central bank chief said on Tuesday (May 7) interest rates were at the right level after holding steady for a sixth month, but cautioned that inflation risks were...
Asian central banks, consumers flock to gold amid currency weakness, macro uncertainty
GOLD prices have hit new highs in recent months, but several countries are still on a gold-buying spree as demand for the precious yellow metal has soared despite higher...
Central banks need digital currencies to stay relevant
Central banks should consider using digital currencies for both wholesale and retail, according to European Central Bank (ECB) governing council member Francois Villeroy de Galhau.“The way we make central...
Philippine central bank tightens dirty money risk reporting rule
THE Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the South-east Asian...
China central bank wants to halt bond-buying spree, not join it
CHINESE markets are abuzz with talk that the central bank is about to start buying government bonds. The People’s Bank of China (PBOC) itself is grappling with a different...
Thai central bank says holding key rate steady creates ‘policy optionality’
THAILAND’S current policy interest rate settings were robust and can handle future risks to the economy, the central bank said on Wednesday, amid continued pressure from the government to...
