September 14, 2013
Source: GEO TV
The State Bank of Pakistan (SBP)raised its key discount rate to 9.5 percent from 9.0 percent for September-October 2013 in line with requirements set by the International Monetary Fund.
Governor SBP, Yaseen Anwar, made an announcement to this effect after chairing a meeting of the central board of directors of the central bank here on Friday. More…
July 11, 2013
Reposted from Channel NewsAsia
File photo of a Buddhist monk walking past newly-introduced ATM machines in Yangon, Myanmar.
Myanmar is set to enact a new law in the coming days giving greater independence to its central bank, officials said Wednesday, in the latest economic reform aimed at enticing foreign investors.
The new legislation was approved by lawmakers on Monday and is expected to be signed into law by President Thein Sein by this weekend, although the details have not yet been made public. More…
November 19, 2012
Reposted from The UB Post
By B. Khask-Erdene
Last Friday, Mongolbank announced the formation of a Monetary Policy Council to assure financial stability in the country. The council has a total of 12 members, four of which are from outside Mongolbank. Those four are: S.Purev, the Deputy Minister of Finance; Dr. B.Otgontugs, the Deputy Director of Economics’ School of Mongolian National University; B.Tuvshintugs, the Head of Economic Science Institution; and D.Batjargal, the Head of Finance and Economics Institution of Mongolia. More…
October 23, 2012
Reposted from The Phnom Penh Post
By May Kunmakara
Number of loans granted in Cambodia has been increasing 30 percent per year
Global financial fragility causes headaches for the world’s economic think-tanks as they try to find flexible, sustainable resolutions. More…
September 7, 2012
Reposted from Viet Nam News
An oil rig at Petrovietnam’s offshore Bach Ho (White Tiger) Oil Field. The Government plans to continue efforts to control inflation and stabilise the macro economy.
The Government’s tasks during the last months of 2012 were to continue curbing inflation and stabilising the macro economy, with a target of GDP growth of 5.2 per cent and an inflation rate of about 7 per cent for the whole year. Prime Minister Nguyen Tan Dung made the statement at the Government’s monthly meeting in Ha Noi yesterday, which reviewed its work in August and discussed the country’s socio-economic situation in 2012 as well as development plans for 2013. More…
June 29, 2012
Reposted from Business-Mongolia.com
The World Bank
World Bank informed that the Mongolian economy growth is 16.7% as of the first quarter 2012. But inflation rate is 16% by April 2012, due to the cash distribution from the Government, instability in the world economy and drop in the Chinese export size. Therefore, World Bank urges the Mongolian policymakers to follow stricter monetary policy. More…
April 25, 2012
Reposted by The UB Post
By B. Byambadorj
The Bank of Mongolia (BOM) announced to the public that it strengthened its monetary policy rate to 13.05% and also increased the minimum amount of monetary reserve by 1% last week.
E. Amar, an analyst from the Asian Development Bank says that the BOM has sped up its work on increasing its monetary policy beginning in 2010, and that the ADB supports it, “we see this strict policy as a positive move for the BOM, which slows down inflation.”
On its newly introduced strict monetary policy, D. Khishigjargal, a specialist from the BOM, said, “The central bank has increased its monetary policy by 0.5%. It will significantly influence the amount of money in the economy by changing interest rates, and decreasing the size of loans. This move can be understood as an example of a strict monetary policy.” More…