[ SINGAPORE: Singapore’s central bank has kept unchanged its monetary policy stance aimed at strengthening the trade-weighted Singapore dollar to fight still-elevated inflation. The Monetary Authority of Singapore (MAS) said yesterday that it would maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, with no change to the … Read more
[ TOKYO: Japan’s top currency official says the recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings in the exchange rate. “I strongly feel the recent sharp depreciation of the yen is unusual, given fundamentals such as the inflation trend … Read more
[ INFLATION serves as a barometer of a nation’s economic health, and for a country like Malaysia, fluctuations in the last few years caused by domestic and global influences have been seen as relatively normal. As we entered 2024, experts and analysts gave the people renewed hope about a turnaround in the economy, mainly driven … Read more
[ TOKYO: The Bank of Japan (BoJ) is likely to be encouraged by stronger annual wage negotiation results that will pave the way for the end of its negative interest rate by this spring, according to a former BoJ executive director in charge of monetary policy. “There’s a good chance the outcome of spring wage … Read more
[ SYDNEY: Australia’s government has outlined a new policy structure of the country’s central bank in its biggest shake-up in three decades, with its flexible inflation target of 2% to 3% remaining front and centre. In a joint statement, Treasurer Jim Chalmers and the Reserve Bank of Australia (RBA) said interest rate decisions would be … Read more
