Financial markets
The Bank of Thailand has taken swift action to address the impact of gold trading on the country's currency, following a significant appreciation of the baht. The currency has surged by over 7% since the start of the year, with a substantial current account surplus and rising global
Financial markets
The Russian ruble exchange rate may exceed 85 rubles per US dollar, 100 rubles per euro, and 12 rubles per yuan after the Central Bank of Russia's upcoming meeting on the key rate, according to expert Alexander Shepelev. These levels were already tested or close to the current
Economic growth
Croatia's economy is expected to continue growing relatively strongly in 2025 and 2026, driven by strong domestic demand, increased wage and employment growth, and a gradual strengthening of external demand. However, the expansion is expected to slow to an average of 3.0% after accelerating to 3.9%
Economic growth
The Turkish Central Bank surprised markets by cutting its policy rate by 250 basis points, lowering the benchmark one-week repo rate from 43% to 40.5%. This move was more aggressive than the expected 200 basis point rate cut. The decision came as the bank noted that the underlying trend
Economic growth
The Bank of Korea, South Korea's central bank, has announced that it will consider household debt and housing market stability when determining the timing and extent of further interest rate cuts. This decision comes as the Asian economy faces growth below its potential rate, with the upward trend
Financial markets
The Czech National Bank's (CNB) Bank Board has decided to keep the countercyclical capital buffer rate for credit market protection unchanged at 1.25 percent. This level has been maintained since July 2024, and the central bank believes it adequately safeguards the banking sector's capital against
Financial markets
The Federal Reserve recently issued a white paper abstract, "Central bank preparedness for market-functioning asset purchases as a consideration for long-run balance sheet composition," proposing an approach to enhance the Fed's readiness to undertake market-functioning asset purchases during Treasury market disruptions. The paper suggests that by
Financial markets
The Bank of Thailand has taken steps to mitigate the impact of the baht's appreciation, which has surged by about 7% since the start of the year, making it the strongest regional currency. Pimpan Charoenkwan, assistant governor for the financial markets group, emphasized the central bank's
Financial markets
As part of its ongoing efforts to deepen financial cooperation and promote trade facilitation, the People's Bank of China has renewed bilateral local currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB), and the Hungarian National Bank (MNB). The agreements, signed on September
Economic growth
Markets in Kuala Lumpur are anticipating a stability in the overnight policy rate (OPR) at 2.75 per cent when Bank Negara Malaysia's Monetary Policy Committee (MPC) meets ahead of the US Federal Reserve's interest rate decision. The ringgit rose against the US dollar to 4.
Financial markets
The financial industry is experiencing a period of rapid transformation, driven in part by the increasing influence of artificial intelligence (AI) on decision-making and customer service. At the Eastern Economic Forum (EEF), Sberbank's First Deputy Chairman of the Executive Board, Alexander Vedyakhin, highlighted the importance of responsible AI
Financial markets
Thailand's foreign reserves have reached an all-time high of over US$280 billion, driven by the appreciation of the baht, which has gained more than 5% since the start of the year. This sustained strengthening has led to speculation in the market that the Bank of Thailand (BOT)
