Thursday, 16 March 2017 HONG KONG: Hong Kong’s central bank raised its benchmark interest rate by a quarter point for the second time in 3 months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. While the …
Read More »3 countries signing MoUs on using local currencies for trade MoUs on local currency settlement framework
Saturday, 24 December 2016 BANGKOK: Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand Friday concluded the signing of two bilateral Memoranda of Understanding (MoUs) on using local currencies for trade, a key milestone in regional central banking cooperation. Bank Negara Malaysia and the Bank of Thailand, respectively, signed …
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