Foreign exchange
Central banks in China, Hong Kong and Taiwan hold rates
Taiwan tilts hawkish, Hong Kong follows Fed and China expected to ease by 10bp this year
SNB holds rates, vows to fight franc appreciation
Bank says short-term inflation pressures are high but will remain ‘virtually unchanged’ in medium term
BoJ holds as Middle East conflict threatens higher inflation
Ueda says Japanese firms could pass on costs ‘more aggressively’ than after start of Ukraine war
Financial services: Citi
The US bank has striven to provide clients with high-level advice as well as service breadth, technical expertise and execution
Indonesia holds rates and adjusts FX rules to stabilise rupiah
BI says Middle East conflict provides greater reason for fiscal-monetary policy co-ordination
Australia hikes rates to combat inflation
RBA says price rises are result of capacity pressures, and persistent oil rally may worsen situation
Central bank of the year: Central Bank of Nigeria
A return to policy orthodoxy under new leadership at the African central bank helped to bring Nigeria’s economy back from the brink
Payments and market infrastructure development – wholesale: National Bank of Ethiopia
The East African central bank has implemented a major overhaul of Ethiopia’s core financial infrastructure
Financial markets infrastructure services – wholesale: Bloomberg
Tech firm helped Nigeria and Sri Lanka’s central banks to build essential FX market infrastructure, and Portugal and Ukraine’s treasuries to optimise debt auctions
External events are harming Vietnam’s economy, says SBV
Deputy director for monetary policy cites Iran conflict and other central banks’ ‘unpredictable’ paths
NBU tells banks to avoid Hungary after cash and gold heist
Hungarian government official explicitly ties asset seizure to dispute over stricken oil pipeline
BoT concerned about baht overvaluation, minutes show
February policy meeting discussed need to ‘closely monitor’ currency’s movements
Reserve manager: Central Bank of the Philippines
New risk management approaches, forward-looking SAA tranching, internal capacity building and a redesigned external fund management framework set the BSP apart
PBoC plans more market-based monetary policy formulation
Analysts expect Middle East conflict to have little impact on policy in China
Asian central banks prepare for conflict-induced energy shock
IMF’s Georgieva says Iran war creates energy and confidence risks for most of region
How will Europe’s central banks react to the Middle East crisis?
ECB unlikely to veer from rate path as it had expected to undershoot during 2026
Middle Eastern central banks respond to Iran crisis
Israel unveils relief package for firms and citizens, while Turkey suspends repo auctions
China acts to slow yuan gains by scrapping FX forward hedge cost
PBoC to remove 20% reserve ratio as it aims for ‘reasonable and balanced’ renminbi
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Lower reserves share not a sign of dollar’s decline – paper
Growth of FX coffers in countries holding fewer greenbacks dilutes currency’s share, NBER study finds
Philippines may not reach digital payments goal, says governor
Rate cuts will have limited impact on growth, despite BSP having ample policy space, says Remolona
Bank Indonesia holds rates again to defend currency
Weak rupiah to delay rate cuts as ratings downgrade weighs on investor appetite, analyst says
Renminbi options volumes plummet as vol grinds lower
USD/CNH volumes fell 84% in 2025 as PBoC currency management took hold
BoK and BI’s QR payments link to come online in April
South Korea and Indonesia also renew $7.3bn currency swap agreement for five years