Philippine central bank keeps policy stance on hold, may begin tightening by Q3 2017
Dec 22, 2016 10:37 am UTC| Commentary Central Banks
As widely expected, the Philippine central bank, BSP, kept its policy stance unchanged today. The policy tools were steady, with the overnight policy rate at 3 percent, overnight deposit rate at 2.50 percent and reserve...
Taiwan central bank likely to enter hiking cycle in 2017, to focus on exchange-rate policy
Dec 22, 2016 10:08 am UTC| Commentary Central Banks Economy
The central bank of the Republic of China (Taiwan) (CBC) is expected to pause the easing cycle in 2017, cautiously assessing the timing of the first interest rate hike. The CBC will primarily focus on the exchange rate...
Philippines central bank considers regulatory framework for bitcoin
Dec 22, 2016 07:11 am UTC| Digital Currency Central Banks
With the increasing volumes of bitcoin remittances, the Philippines central bank is considering introducing digital currency regulations to protect consumers. Bloomberg reports that as the number of overseas Filipinos...
FxWirePro: The Day Ahead- 22nd December, 2016
Dec 22, 2016 06:15 am UTC| Commentary Economy Central Banks
Sizable numbers of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: United Kingdom: GFK consumer confidence for December marginally improved to...
PBoC may start another round of policy easing by Q2 2017 – Deutsche Bank
Dec 21, 2016 16:40 pm UTC| Commentary Economy Central Banks
Growth stability in China has alleviated concerns over a hard landing, as quasi fiscal spending pushes up infrastructure investment. Upbeat property market is largely driving stability in Chinas activity data. Chinas GDP...
PBoC infuses cash through X-Repo to snap bond markets out of sharp declines
Dec 21, 2016 15:24 pm UTC| Commentary Central Banks Economy
The Peoples Bank of China (PBoC) had been trying to suppress growing risks in the domestic bond market, which was seen as overheated and displaying characteristics of a bubble by many analysts, citing high leverages in the...
PBoC to tighten supervision of shadow banking businesses; aims to prevent asset bubbles in 2017
Dec 21, 2016 14:33 pm UTC| Commentary Central Banks Economy
The Peoples Bank of China is set to tighten supervision of shadow banking businesses in an effort to prevent asset bubbles in 2017 and to place greater importance on managing financial risk. The PBOC also urged financial...
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