Central banks
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
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year
Philippine central bank says rate cut possible in December
[MANILA] The Philippine central bank could cut interest rates again in December, governor Eli Remolona said on Tuesday (Nov 18), adding that policymakers were still determining whether the current gro...
Bank of Canada plans 10% job cuts as PM Carney moves to trim expenses
The central bank is committed to achieving a 15% total budget reduction over the 2026 to 2028 period
Hong Kong central bank cuts interest rate, tracking Fed move
[HONG KONG] Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US Federal Reserve.
A gold crash everyone saw coming lures bargain hunters worldwide
The prices plunge as much as 6.3% on Oct 21 in biggest drop since 2013
Gold’s dip a mere blip in glittering rally hinting at global monetary shift
The Monetary Authority of Singapore has been a net buyer of the metal since 2021
Chinese tech giants pause stablecoin plans after Beijing steps in
The government raised concerns about the rise of currencies controlled by the private sector, says the Financial Times
Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
[NEW YORK] Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US dollar, according to Deutsche Bank.
Surprise rate decisions in Asia signal growing economic unease
They underscore growing domestic economic and market uncertainties exacerbated by US tariffs
