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Indonesia is coming out ahead of emerging-market peers amid the year’s selloff, largely thanks to an unusual mix of global events that have made the country’s assets a potential haven, according to Gavekal Research.
Thirty years after the Reserve Bank of New Zealand pioneered inflation targeting, it’s once again cutting a track for others to follow.
Can Chinese demand cushion blow of US recession on Asian economies?
Asian currencies may come under more pressure as US Fed prepares for another big rate hike in July. Read more at straitstimes.com.
(June 28): After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar. Thai reserves slid to US$221.4 billion as of June 17, in data released late last week. That was the lowest in more than two years. Monthly figures show that Indonesia’s stash is at the smallest since November 2020. Reserves in South Korea and India are at their lowest in more than a year. Malaysia’s stockpile, meanwhile, has fallen the most since 2015.