Indonesia rupiah nears 1998 crisis levels, intervenes in FX, bonds markets

By Gayatri Suroyo and Maikel Jefriando JAKARTA, Aug 31 : Indonesia’s central bank stepped up currency and bond intervention on Friday to defend the rupiah, as contagion from an emerging market sell-off pushed the currency close to levels not seen since the Asian financial crisis. The rupiah slipped 0.3 percent to 14,730 per dollar on […]

Singapore cbank treading carefully as trade spat poses growth risk – MAS report

By John Geddie SINGAPORE, Apr 27 : Singapore’s central bank said on Friday that escalating trade tensions between the U.S. and China pose a risk to the city-state’s economy and were part of the reason behind its “measured adjustment” to monetary policy at its last meeting. The Monetary Authority of Singapore (MAS) earlier this month […]

Central bankers want communication, not coordination

By Balazs Koranyi FRANKFURT, Jul 3 : There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions have on financial markets means they want a deeper understanding of each others’ motivations, officials told Reuters. European Central Bank President Mario Draghi renewed his long-standing wish last week for […]