Central banks

Iran conflict forces central banks into sharp policy rethink

IMF urges policymakers to ‘think of the unthinkable’

Smoke billowing in central Israel from reported missiles launched from Iran on Friday (Mar 6). Geopolitical shocks in war and peacetime tend to lead to lasting fiscal expansion.

The Iran war presents a ‘guns and butter’ nightmare for investors

How long the conflict will last, and its energy impact, are unknown, but mounting global debt and inflation risks are all too real

The central bank says the new guidelines aim to support financial institutions in building “effective risk assessment and risk management capabilities for better resilience against climate-related risks”.

MAS expands environmental risk management guidelines for financial institutions

They will take effect from September 2027, and comprise specific suggestions for banks, insurers and asset managers

The baht has gained more than 1% against the US dollar so far in 2026, threatening the competitiveness of Thailand's tourism sector.

Thai central bank unexpectedly cuts policy rate by 25 bps

This is to further support an economy pressured by US tariff uncertainty and a strengthening baht

The US dollar is unique among global currencies in that its value is driven not just by supply and demand, but also by its structural power.

Will ‘Sell America’ end the dollar’s hegemony?

State and market-led pressure to de-dollarise could become mutually reinforcing, accelerating the erosion of the greenback dominance

Bullion held by the People’s Bank of China has risen by 40,000 troy ounces last month.

China central bank keeps buying gold as bull run hits brakes

[BEIJING] China’s central bank extended its gold-buying streak to 15 months, underscoring resilient official demand as bullion’s record-breaking rally was hit by a sharp market sell-off late last mont...

“We need to make sure that inflation stays there, so we’ve held rates unchanged at 3.75 per cent today,” Bank of England governor Andrew Bailey said.

Bank of England holds rates after narrow 5-4 vote, signals reduction ahead

It has been moving cautiously as Britain has the highest inflation rate among the world’s big, rich economies

Thailand's currency has performed strongly despite soft fundamentals – largely because of its close correlation with gold prices, says Standard Chartered.

Diminishing returns from rate cuts set to test South-east Asia’s growth in 2026

Geopolitical risks and doubts over AI-driven expansion are reducing the economic impact of monetary easing

The People’s Bank of China (PBOC) will also establish a dedicated relending programme for private companies and increase quotas for tech innovation loans.

China’s central bank cuts structural interest rates to boost targeted lending

The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances

BOJ governor Kazuo Ueda has refrained from commenting on US President Donald Trump’s attacks on the Fed.
NEWS ANALYSIS

Bank of Japan puts self-defence ahead of solidarity with Fed’s Powell

BOJ is not immune to the kind of things happening with the Fed