Latest News for: Asia central banks

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Asia’s central banks have built a buffer against surging yields

The Times of India 26 Feb 2021
Central banks in Asia’s emerging economies added $467.7 billion to their foreign-exchange reserves last year, the most since 2013 when the region’s markets were rattled by the taper tantrum ... “Taper tantrums may haunt emerging market central banks yet again if the Fed exits ...
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Analysis: Global bond rout turns up the heat on central banks

Metro USA 26 Feb 2021
SYDNEY/SINGAPORE (Reuters) – Central banks in Asia struggled to smother a selloff in global bonds on Friday, piling pressure on their bigger peers to do more, as spooked investors sold assets to cover deepening losses and rushed out of crowded positions in stocks.
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Reserve Bank of India favours retaining inflation target regime

The Times of India 26 Feb 2021
While the central bank has managed to keep consumer-price growth mostly ... The current band -- a broad range of 400 basis points within which the central bank has sanction to operate by law -- is already the widest in Asia, and only matched by Turkey and surpassed by Argentina.
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RBI favors retaining inflation target regime

Hindustan Times 26 Feb 2021
While the central bank has managed to keep consumer-price growth mostly ... The current band -- a broad range of 400 basis points within which the central bank has sanction to operate by law -- is already the widest in Asia, and only matched by Turkey and surpassed by Argentina.
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US government bonds steady after heaviest sell-off since March turmoil

The Irish Times 26 Feb 2021
The equity volatility came as concerns grew among investors that the worldwide economic recovery from the Covid-19 pandemic could generate inflationary pressures, causing the US and other central banks to tighten monetary policies ... Investors’ focus is turning to how central banks ...
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Indonesia permits private COVID-19 vaccination scheme

Metro USA 26 Feb 2021
... companies can buy state-procured vaccines to inoculate their staff in Southeast Asia’s biggest country ... Jahja Setiaatmadja, president director of Bank Central Asia, Indonesia’s biggest bank by market value, told Reuters the lender would like to secure up to 70,000 doses.
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Modi's popularity to be tested in five state polls as Covid-19 cases surge

Straits Times 26 Feb 2021
Voting for the state legislatures of West Bengal, Assam, Tamil Nadu, Kerala and Puducherry - with a combined population that exceeds that of Brazil - will take place from March 27 to April 29 ... The central bank expects the nation's economy, Asia's third-largest, to contract 7.5 per cent in the year ending March 31 ....
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Asian digital currency gets PBOC support

China.dot.org 25 Feb 2021
The m-CBDC Bridge project will also develop a favorable environment for central banks in Asia and other regions to conduct joint research and facilitate financial infrastructure for cross-border payments, in an attempt to solve problems like low efficiency, high costs and low transparency, it said.
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Asian stocks follow Wall Street higher after Fed pledge

Kearney Hub 25 Feb 2021
Shares fell in Asia on Wednesday as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies ... Shares fell in Asia on Wednesday as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies.
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The Digital Currency Research Institute of the People's Bank of China Joins m-CBDC Bridge Project

ChainDD 25 Feb 2021
Moreover, m-CBDC Bridge will also build a favorable environment for more central banks in Asia and other regions to jointly study and improve the cross-border payment capacity of financial infrastructures in order to solve the problems of low efficiency, high ...
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China joins Thailand, UAE in digital currency research project

China Daily 25 Feb 2021
The research project will build an enabling environment for more central banks in Asia and other regions to jointly conduct research on enhancing cross-border payment capacity in order to ...
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Ringgit rebounds against US Dollar in early trade

Malaysian National News Agency 25 Feb 2021
Axi chief global market strategist Stephen Innes said central banks in Asia are forced to recalibrate their policy with the United States Federal Reserve (US Fed), allowing the US economy to run hot, potentially weakening the greenback ... In his speech to the Senate Banking ...
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Glitch to rich: Markets zoom on banking stocks, proposed US tax

Sify 25 Feb 2021
Among sectors, banks, media, metals and realty indices gained the most. Globally, shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies ... "Banking stocks led to the rally after government's announcement on participation of the private sector.
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