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Indonesia delivers dovish hike after Malaysia’s surprise pause

  Bloomberg Two Southeast Asian central banks diverged in their policy settings on Thursday, with Malaysia unexpectedly standing pat and Indonesia delivering a widely expected interest-rate increase that brings it closer to the end of its tightening cycle. Bank Indonesia raised its benchmark rate by 25 basis points to 5.75%, while Bank Negara Malaysia stood pat as predicted by Euben ...

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ECB’s Lagarde says ‘stay the course’ is her policy mantra

  Bloomberg European Central Bank (ECB) President Christine Lagarde said policymakers mustn’t let up in their battle with inflation — even as the spike in prices appears to have peaked. “We have to also stay that course of resilience that we observed in 2022,” Lagarde told a panel on Friday at Davos. “‘Stay the course’ is my mantra for monetary-policy ...

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Australia’s central bank creates its own stablecoin

Bloomberg National Australia Bank Ltd (NAB) has created its own stablecoin pegged to the Australian dollar, a move it says will help large institutional customers with transactions that use blockchain technology. The Melbourne-based lender will start testing the token — named AUDN — before expanding its use cases and getting feedback on the needs of corporate clients, National Australia said ...

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