Central bank

The Bank of Japan (BoJ) on Tuesday maintained its massive monetary stimulus programme and kept its price and economic forecasts unchanged. In a small sign of progress, it said inflation expectations had stopped falling.The BoJ will keep its policy interest rates and asset purchases at current levels in its quest to hit 2% inflation, it said in a statement on Tuesday. Inflation expectations remain more or less unchanged, versus a previous assessment that they were weakening, it said, though risks to prices remain "skewed to the downside."The yen strengthened as the market reacted to the BOJ’s view of price expectations. It traded at 110.77 against the dollar as of 1.23pm in Tokyo (11.23am Thailand time), versus around 110.90 prior to the BoJ’s release of its policy statement.The central bank forecast the economy to grow 1.4% in the fiscal year starting in April, with inflation of 1.4% over the same period.With the economy growing and inflation slowly but steadily rising, … [Read more...] about Japan central bank keeps stimulus unchanged

JAKARTA: Indonesia's central bank held its key interest rates unchanged for the fourth straight month on Thursday, as widely expected, but said would it accelerate the relaxation of its reserve requirement rules. Bank Indonesia (BI) kept its seven-day reverse repurchase rate at 4.25%.It cut the rate by 25 basis points in August and again in September.The deposit facility and lending facility rate were also kept unchanged at 3.5% percent and 5.0% respectively.The central bank said it would relax the reserve requirement daily average level for commercial banks.All 18 analysts in a Reuters poll had predicted no change in the benchmark rate.  … [Read more...] about Indonesia central bank holds key rates

The Bank of Thailand is escalating the punishment for banks that violate the regulator's market conduct rules. Institutions that fail to conform to the central bank's guidelines will be barred from operating the transgressing business and will be subject to fines of up to 1 million baht per day, among other penalties.The new penalty scheme will be implemented over the next few weeks. The measure is part of the central bank's comprehensive regulations governing market conduct and will include fines and public disclosure requirements for violators, said Bank of Thailand governor Veerathai Santiprbhob.The maximum fine rate is set at 1 million baht a day. Additional charges may be levied on a case-by-case basis. The move is part of the Bank of Thailand's efforts to revamp market conduct rules and strengthen consumer protection.The improved rules cover deposits, debit cards, credit cards, personal loans, mortgages and leasing, as well as financial products sold through bank channels.The … [Read more...] about Central bank steps up fines for market conduct violators

The Bank of Thailand and the central bank of China have agreed on a currency swap agreement to foster their trade and investment ties. The Bank of Thailand and the central bank of China have agreed on a currency swap agreement to foster their trade and investment ties.The People's Bank of China announced on Monday the decision to extend the swap deal between the two central banks for another three years, the Xinhua news agency reported.The agreement allows the Chinese central bank to swap 70 billion yuan for 370 billion baht to facilitate their trade and investments, it added.The three-year deal was signed by the two central banks in 2014. … [Read more...] about Thailand, China central banks renew swap deal