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South Korean economy grows but pace slows

SOUTH KOREA - South Korea's economy grew 1.4 percent in the second quarter, down from a 1.9 percent rise in the previous three months, as growth in consumer spending and construction slowed, the central bank said on Thursday.

Speech by Robert Parry, San Francisco Fed, 21 Aug

SPEECH - In a speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymaker's View' Parry, who is a non-voting member of the Fed's policy committee, said "the Fed's monetary policy stance is quite stimulative right now, and I…

Philippines central bank tightens rules on credit

PHILIPPINES - The Bangko Sentral ng Pilipinas is set to issue this week a circular restraining banks and credit card companies from issuing pre-approved "plastic money" and requiring them to adopt a stricter system of screening credit card applications.

Young blood for MAS' senior ranks

SINGAPORE - Nine officers at the Monetary Authority of Singapore, whose average age is 40, will move into key positions as part of organisational revamp, the Singapore Straits Times reported on Tuesday.

RBA's Macfarlane signals rates may head higher

AUSTRALIA - Reserve Bank Governor Ian Macfarlane on Wednesday delivered an upbeat view of the Australian economy, warned of a looming shakeout in property and signalled that the bank remains on course to raise interest rates once global uncertainties…

SARB inflation target seen as out of reach

SOUTH AFRICA - Consumer inflation surprised on the upside last month, fuelling expectations that the Reserve Bank's targets for next year are getting out of reach, though Business Day reports economists said they did not expect interest rates to rise…

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