BANGKOK (Reuters) – Thailand picked on Wednesday an economic advisor to the prime minister and a former World Bank economist to be its next central bank governor, in a move seen by analysts as unlikely to herald any major shake-up of monetary policy.
Lukashenko said he expected the economy to grow by 3-4% in coming years. He said his statist model should deliver that if production and exports are ramped up and Belarus starts to manufacture $4 billion of goods it currently imports annually.
LONDON (Reuters) – British businesses in the services and manufacturing sectors grew at the fastest rate in more than five years last month as they began to recover from the effect of the COVID-19 lockdown, a survey showed on Wednesday.
The development of internet banking, mobile banking, payment solutions using QR codes, near-field communication technology (NFC), and advances in biometric technology using fingerprints and iris scanning has enabled banks to offer new and convenient products and services to customers, helping them achieve sustainable growth thanks to an increase in revenues from services and gradually reduction […]
With many people looking for new options to deal with their financial affairs, digitisation of services and e-payments are becoming crucial, and banks, seizing the trend, have been embarking on the use of technology 4.0 and modernising their business models.
While Norges Bank has said it aims to keep rates on hold until the second half of 2022, a sustained rally in housing prices could trigger an earlier tightening, Nordea Markets wrote in a note to clients.
BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged at a record low for a second straight meeting on Wednesday, as the economy is showing signs of improvement with the easing of restrictions to halt the spread of the coronavirus outbreak.
“There are fixes needed with previous measures that have been rolled out, such as the drawdown in soft loans,” said Kobsidthi Silpachai, head of capital market research at Kasikornbank. “It is the distribution of low rates that need to be addressed”.
The central bank cut its benchmark interest rate to a record low of 4.25% in July. With inflation seen rising towards the bank’s 4% target from 3.2% in the coming months, deposit rates have become less lucrative and the cost of borrowing has come down.
The main challenger, the euro, has struggled in the face of existential crises and years of subpar growth in the euro zone. Indeed, during the throes of the coronavirus panic in March, the dollar’s dominance was on full display, with investors and governments scrambling for the greenback as they looked for a haven against extreme […]