MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla is not discounting the possibility of another 100 basis points in cumulative rate hikes, bringing the benchmark interest rate to 3.50 percent by the end of the year. “The need to exit the very, very unconventional monetary policies that were necessitated by the pandemic […]
Read MoreA survey by the Bank for International Settlements (BIS) published in May states that there are currently 81 countries participating in Central Bank Digital Currency research and development (CBDC), compared to only eight countries before 2017. More than half of the Central Banks named in the survey are in the development or pilot stage, and […]
Read MorePrice pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country’s headline inflation rate hit a near-14-year high in June. The Trade Policy and Strategy Office under the Commerce Ministry reported on Tuesday that headline inflation, gauged by the consumer price index (CPI), rose 7.66% year-on-year from June 2021, accelerating […]
Read MoreThe banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public. The State Bank of Vietnam (SBV) targets to have 65-70% of the public in the age group of 15 and above to have bank accounts this year. The move was part of the […]
Read MorePETALING JAYA: Any attempt to raise the country’s benchmark interest rate too soon to pre-pandemic level may be detrimental to economic recovery. Currently, the overnight policy rate (OPR) stands at 2%, following a 25-basis-point (bps) hike in May from 1.75%. Prior to the Covid-19 outbreak, the rate was at 3%. Many economists are projecting at […]
Read MoreCambodia’s economy is expected to steadily recover in 2022 mainly due to the continued expansion of garment and non-garment manufacturing, the ASEAN+3 Macroeconomic Research Office (AMRO) said in its quarterly update yesterday. It said high vaccination rates facilitated the resumption of businesses, especially in the services sector. “Strong performance in the agriculture and manufacturing sectors […]
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Thailand
