Latest News for: Asia central banks

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Pakistan to benefit from ADB resilient cities project

Dawn 10 Dec 2023
... Asia and Pacific region” ... The urbanisation across Central and West Asia was not uniform, the bank said, adding the trajectory is characterised by “unbalanced and rapid urban growth, widening social and spatial inequality, and increasing environmental degradation and pollution”.
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Central Asian Trade Corridor Gains Interest Amid Regional Tensions

Beijing News 09 Dec 2023
washington - The emergence of a Middle Corridor - a transit network linking Asia with European markets by way of Central Asia, the Caspian Sea and the Caucasus - is rapidly gaining momentum as an alternative to Russia-controlled routes ... Europe, Central Asia, and East Asia.".
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Monetary Policy Frameworks and Communication in the Caucasus and Central Asia

International Monetary Fund 08 Dec 2023
Central banks in Caucasus and Central Asia (CCA) have been enhancing their monetary policy frameworks in the last decade, and are at different stages of the transition to a type of inflation targeting regimes ... as well as drawing from central banks’ laws and websites.
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RBI MPC Meeting: RBI keeps repo rate unchanged at 6.50%, policy stance at ‘withdrawal of accommodation’ 

Financial Express 08 Dec 2023
The Reserve Bank of India’s Monetary Policy Committee headed by Shaktikanta Das on Friday ... India’s growth boom, election to keep central bank on hold. Asia’s Economic Dynamics.
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ADB approves 200-mln-USD loan to help stabilize finance in Sri Lanka

Xinhua 08 Dec 2023
8 (Xinhua) -- The Asian Development Bank (ADB) has approved 200 million U.S ... The ADB said this loan is accompanied by a million-dollar grant from the ADB's Technical Assistance Special Fund to provide advisory, knowledge and institutional capacity building for Sri Lanka's Ministry of Finance and central bank.
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RBI Monetary Policy Live Updates: Repo rate unchanged at 6.50%

Financial Express 08 Dec 2023
India’s growth boom, election to keep central bank on hold ... Since the last policy, global yields have trended lower reflecting expectation of pivot/ easing in CY 2024 by global central banks ... Before August, the MPC meeting was held on June 6-8 and the Central Bank had decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.
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China's exports in November edged higher for the first time in 7 months, while imports fell

Naharnet 07 Dec 2023
Demand for Chinese exports has been weak since the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs ... The central bank has eased borrowing rules and cut mortgage rates for first-time home buyers while providing some tax relief measures for small businesses ... .
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China’s exports edge higher, but import data falter

Taipei Times 07 Dec 2023
AP, HONG KONG. China’s exports rose last month, the first increase since April, while imports fell, customs data released yesterday showed ... Demand for Chinese exports has been weak since the US Federal Reserve, and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs ... .
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Regional cooperation strengthens Central Asia's socio-economic fabric: World Bank's decades-long commitment bears fruit

Beijing News 07 Dec 2023
The World Bank has made net commitments totalling USD 3.5 billion across seven active regional integration projects in Central Asia ... As the World Bank marks its 30th anniversary of engagement in Central Asia, it underscores a shared vision with the countries, focusing on regional challenges and global goals.
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China’s exports in November edged higher for the first time in 7 months, while imports fell

Asahi News 07 Dec 2023
Demand for Chinese exports has been weak since the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs ... The central bank has eased borrowing rules and cut mortgage rates for first-time home buyers while providing some tax relief measures for small businesses ... .
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European stocks increase as rate-cut bets heat up

The Gulf Time 06 Dec 2023
European stocks rose, following Asia higher, after the latest US data reinforced optimism in a global pivot towards central-bank easing next year as inflation fears evaporate ... The moves in Treasuries came after one of the European Central Bank’s (ECB) most-hawkish officials said inflation is showing a “remarkable” slowdown.
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Gold, Bitcoin rallies signal a big dollar problem

Asiatimes 06 Dec 2023
That’s giving rise to new bouts of PTSD for an Asia region that remembers all too well how sudden shifts in the global reserve currency can torpedo economic fates ... Asia Times Files / Reuters / Jason Lee ... Join the Asia Times Community ... Not if global central banks decide otherwise ... That’s especially true of Asia’s central banks and finance ministries.
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Central Banks signal end to hiking cycle, stocks rise

CyprusMail 06 Dec 2023
European stocks are set for a bullish start if they follow the Asia-Pacific lead, buoyed by a drop in bond yields on deepening confidence that the major central banks’ tightening cycle has peaked ... there’s a growing sense that the major central banks are done hiking.
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The Asian Countries That Actually Need A CBDC

Forbes 06 Dec 2023
Central bank digital currencies, like their crypto counterparts, are often solutions searching for a problem. However, in Southeast Asia there are some real use cases ... .
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Maintains bullish forecast of $100,000 by the end of 2024/$2.7 billion will flow out due ...

OBN 02 Dec 2023
Standard Chartered Bank ... Customers are so comfortable using their money now that there is no justification for central bank digital currencies (CBDCs), says Ashok, head of blockchain and digital assets for Asia Pacific at payments giant Mastercard.・Ashok Venkateshwaran told CNBC.
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