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Indonesia adds a pinch of chili against the US dollar with rate hike

Indonesia has bolstered its credentials as an emerging market leader – at some potential cost. The country took a surprising step to shore up its faltering currency by raising interest rates, and foreshadowed the tough choices confronting Asian economies in coming weeks.

Indonesia , Commentary , Indonesiaeconomy , Interestrates , Foreignexchange , Centralbank , Rupiah , Monetarypolicy , Economicstrategy , Growthtarget , Financialstability

Nigeria eyes US$11.98bil debt funding for budget

Nigeria’s government plans to raise nine trillion naira (US$11.98bil) of debt to help fund next year’s budget, says Ben Akabueze, the head of the West African nation’s budget office.

Edun , Nigeria-general- , Nigeria , Lagos , Abuja , Abuja-federal-capital-territory , Nigerians , Nigerian , Ben-akabueze , Bola-tinubu , Olayemi-cardoso , Taiwo-oyedele

Opinion: China is not in deflation, and global investors aren't ready for what's coming

Headline inflation in China could surge higher by multiple percentage points into 2024.

Russia , China , Japan , Canada , Shenzhen , Guangdong , Shanghai , United-states , Chinese , American , Russian ,

Norway set for quarter-point hike as peak rate nears

Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle.

Norway , Oslo , Norwegian , Dane-cekov , Swedbank-martinsen , Ida-wolden-bache , Kjetil-martinsen , Bloomberg , Nordea-bank-abp , Norges-bank , European-central-bank , Federal-reserve

SBV has not tightened credit into real estate

The State Bank of Vietnam (SBV) has not tightened credit into the real estate sector, deputy governor of the State Bank of Vietnam Dao Minh Tu has confirmed in a meeting with Vietnamese banks and property developers.

Hanoi , Han-i , Vietnam , Republic-of , Ha-giang , Hàiang , Viet-nam , Vietnamese , Dao-minh-tu , Department-of-credit , State-bank , Economy

Manila to tap central bank profits for wealth fund

Philippine lawmakers are looking to tap into central bank profits to seed a proposed sovereign wealth fund, after an earlier plan to use pension funds for the purpose triggered opposition.

Manila , Philippines , Indonesia , India , Bangko-sentral , Felipe-medalla , Stella-quimbo , Bloomberg , Maharlika-investments-fund , Representative-facebook , Economy , Phillipines