SOUTH Korea’s central bank said on Tuesday (Dec 20) the country’s consumer inflation would remain around 5 per cent for some time and then gradually ease but cautioned that domestic and global factors are raising uncertainty about how fast prices will slow.
COOLING inflation and a more resilient rupiah currrency is expected to give Bank Indonesia enough comfort to opt for a more modest quarter-point interest rate hike on Thursday (Dec 22), a Reuters poll found.
AUSTRALIA’S central bank considered pausing its policy tightening cycle this month but decided against it as incoming economic data didn’t yet warrant a change of stance, according to minutes of the Dec 6 meeting.
CHINESE banks maintained their benchmark lending rates for a fourth month after the central bank kept its monetary policy settings unchanged last week.
CHINESE banks maintained their benchmark lending rates for a fourth month after the central bank kept its monetary policy settings unchanged last week.
HONG KONG’S government announced plans on Monday (Dec 19) to ensure all crowdfunding must seek official approval following a clampdown on democracy protesters using donations to pay for their legal defence.
EUROZONE borrowing costs edged higher on Monday (Dec 19), with the short-dated yields near their highest levels in more than a decade, as investors were concerned about a hawkish European Central Bank (ECB) and increasing bond supply.
INDIAN banks have written off loans worth over 10 trillion rupees (S$163.8 billion) in the last five financial years in an attempt to clean up their balance sheets, according to the federal government.
