Central banks

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

Bangko Sentral ng Pilipinas Governor Eli Remolona said Philippine economic growth may have slowed to 4.6 per cent in 2025, from the previous year’s 5.7 per cent expansion.

Philippine central bank signals no rate cuts for now as inflation picks up

Inflation accelerates to 1.8% in December, its fastest pace in nine months

Optimism is building about Chinese chipmakers as the nation doubles down on technological self-sufficiency.

AI bubble fears and policy splits loom over Asia stocks in 2026

While some see the market as a better venue for AI exposure given cheaper valuations, others point to the more pronounced risk of concentration

Analysts note that Bank Indonesia’s immediate priority remains defending the Indonesian currency, even as it signals that it is open to gradual rate cuts under the right conditions.
OUTLOOK 2026

Rupiah risks to shape Bank Indonesia’s cautious easing path in 2026

The challenge of balancing economic growth with currency stability has become increasingly pronounced for the central bank

Stephen Miran has argued for larger cuts since he joined the Board of Governors in September. 

Fed risks recession without more interest rate cuts, says governor Miran

He does not foresee an economic downturn in the near term, but thinks rising unemployment should encourage cuts

Before retraction, a Potsdam Institute paper estimated unchecked climate change could cut global output by about 62% this century.

Global central banks to issue new climate scenarios after earlier model controversy

The group including the ECB and PBOC has been pulled into an academic error after a climate study was withdrawn

The European Central Bank (ECB) is set to present higher growth forecasts that may cement the tentative rate hold officials have enforced since May.

Rich world’s rate-cut momentum is fading away

Central bankers are stepping back to assess how their progress so far is impacting growth and inflation

“If we get off the fence it’s probably another rate cut but that’s probably about it. One more rate cut,” Eli Remolona said in an interview on Friday.

Philippine central bank chief tempers hawkish view, sees one more cut

Remolona said the economy “looks worse than we thought” in the current quarter

Hong Kong’s monetary policy moves in lock-step with the United States.

Hong Kong central bank cuts interest rate, tracking Fed move

[HONG KONG] The Hong Kong Monetary Authority (HKMA) lowered on Thursday (Dec 11) its base interest rate charged via the overnight discount window by 25 basis points to 4.0 per cent, tracking a cut by ...

The increase has been helped by this year’s decline in the US dollar and rally in gold prices.

Asia’s currency-defence war chest has swelled to US$8 trillion

The major central banks in the region have added more than US$400 billion to their reserves this year