Asia-Pacific
Philippines resumes easing cycle with quarter-point cut
Inflation slows but growth risks increase amid “more challenging” external environment, BSP says
Iraq launches plan to reform banking sector
Central bank says programme will enhance financial inclusion and raise productivity
PBoC backs state fund’s efforts to stabilise stock market
Chinese central bank also fixes currency at lowest level since September 2023
Indonesia to ‘aggressively’ shore up currency amid tariffs
Central bank will intervene in FX market once it re-opens following week-long holiday
Central bank gold purchases up in February
Emerging markets lead accumulation of precious metal
Australia moves forward with ‘ample reserves’ framework
RBA raises price of short-term repo and encourages lenders to recycle liquidity in private markets
Salary still poses greatest challenge for recruitment
Staff morale constitutes lowest constraint but is a concern for some central banks
RBNZ opens payment system to non-banks
Second phase will accept applications from payment service providers and overseas deposit-takers
Over 40% of central banks lack formal recapitalisation agreement
Ten banks were recapitalised in the past year
New Zealand to review banks’ capital requirements
RBNZ to consult “international experts” as lenders demand looser prudential treatment
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading
Bank of Thailand to start choosing new governor ‘within days’
Sethaput Suthiwartnarueput’s term to end in September
Two-thirds of central banks regularly audit policy processes
Internal and external audit functions are combined in most jurisdictions
Bank Indonesia ready to stabilise currency, official says
Central bank could intervene in FX market again after rupiah almost hit record low
Larger central banks more likely to have diversity policy
Boards with appointment powers more often focus on diversity
Central Banking Awards 2025: the winners in full
Awards recognise extraordinary achievements in another challenging year for central banks
PBoC tweaks lending facility as framework reform continues
Chinese central bank phases out MLF’s role in monetary policy by allowing dynamic pricing
Most governing boards operate under charters
Strategy-setting and budget approval are boards’ top responsibilities
BNM governor: trade uncertainty creates obstacles to growth
Central bank cannot be complacent amid “unpredictable” external environment, says Rasheed
One in three central banks operate supervision committee
Government officials’ membership on boards still rare
Governors serving limitless terms tend to earn lower salaries
But governors’ average salary remains over $200,000 a year
China holds loan prime rates again
PBoC stays put while government works to boost consumption
Most governors lack legal immunity against prosecution
One-fifth of removable central bank governors shielded from legal actions
Indonesia holds rates after stock market rout
BI opts to defend exchange rate as country records deflation for first time in 25 years