Keyword: "central bank"

The People's Bank of China (PBOC), the country's central bank, on February 7 announced that it has renewed a bilateral currency swap agreement with the Bank Indonesia.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24.292 VND/USD on November 25, down 3 VND from November 22.

The State Bank of Vietnam (SBV) has applied a 0% interest rate on foreign currency deposits to address foreign exchange and exchange rate volatility, Governor Nguyen Thi Hong explained during a question-and-answer event at the 15th National Assembly’s 8th session.

Commercial banks and other credit institutes whose credit growth reached 80% of the targets set by the central bank at the beginning of the year, will have their credit limit increased, stated the State Bank of Vietnam (SBV).

The extension of a policy on allowing commercial banks to reschedule the debt repayment period and maintain the debt group is necessary, but strong solutions are needed to avoid bad debt increasing in the future, experts said.

Thailand's cabinet on July 16 approved a 100 billion-THB (2.8 billion USD) soft loan scheme to help small- and medium-sized enterprises access loans more easily.

Despite low interest rates, bank deposits have reached a new historic peak of 16 quadrillion VND (628.5 billion USD) as of the end of March, according to the latest data from the central bank.

Credit growth bright spot for banking

Malaysia’s efforts in wooing investors to bring home their returns have succeeded in propping up the MYR but the path to recovery is littered with questions of if and when the US Federal Reserve (Fed) cuts rates.

The State Bank of Vietnam (SBV) has announced a morning auction of 16,800 taels of its SJC gold bars in Hanoi on May 16.

The Central Bank of Malaysia (BNM) announced that it has signed an agreement with its counterpart from the Republic of Korea (RoK) to extend a bilateral swap arrangement by another three years.

Bank Indonesia (BI) on April 24 raised interest rates to their highest level in seven years.

The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

The Government has directed the State Bank of Vietnam (SBV) to urgently inspect and supervise to stabilize the gold market.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said the central bank will strengthen credit growth supervision, ensure policy supports businesses, while guaranteeing credit safety and quality for commercial banks.

Indonesia will provide additional cash handouts for three months covering January, February and March to mitigate the risk of rising food prices, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.

Prime Minister Pham Minh Chinh on January 8 asked the banking sector to maintain its role as the “blood of life” for the national economy, while addressing a conference in Hanoi on January 8.

The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal.

Thailand's current policy rate is appropriate for the economy, but the country is ready to make "adjustments" if needed in the context of increasing risks across the world and concerns over the Middle East conflict, said Governor of the Bank of Thailand (BoT) Sethaput Suthiwartnarueput.