The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the ...
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.
It has been argued concerns over a US fiscal cliff will not deter more capital inflows into Asia. Will policymakers in Asia stand in the way of appreciation? CT asks the experts.