Central banks

The next financial crisis could start with an algorithm

The risk is not that AI becomes malicious, says the writer. The greater concern is that it becomes universally trusted without sufficient safeguards.

Philippines surprises with jumbo interest-rate hike as inflation surges, peso slumps

Protesters march along a Manila street to press for a rollback in oil prices and removal of value-added and excise taxes.

South Korea’s export boom stays strong ahead of central bank rate decision

On an unadjusted basis, shipments gained 105.4%, while imports rose 42.8%, resulting in a trade surplus of US$14.5 billion (S$18.5 billion).

Australian central banker says inflation outlook worse, unsure about November rate hike

The central bank meets on Nov 2-3 to decide whether to raise its 4.60% cash rate for a fifth time in 2026.

Malaysia’s central bank chief signals room to act as inflation risks rise

Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said: “We are very vigilant in terms of looking at the price increases”.

India unveils tough curbs on dollar demand to defend rupee

The central bank will open a special window to meet the daily dollar needs of three state-run oil-marketing companies.

Hawkish Fed triggers emerging market outflows in September

Emerging markets came under pressure in September after the Fed, now led by Kevin Warsh, raised rates for the first time since 2023.

Bank of Japan says AI boom may have eased financial conditions, warns of market risks

The Bank of Japan said it will continue to carefully examine economic and financial data to ascertain a “consistent picture” on AI’s impact.

Indonesia’s Prabowo appoints career diplomat as foreign minister in sweeping Cabinet reshuffle

Indonesian President Prabowo Subianto (right) shakes hands with newly appointed Indonesian Minister of Foreign Affairs Arrmanatha Christiawan Nasir during his inauguration ceremony at the State Palace in Jakarta on Oct 1.

BOJ lifts rates to 31-year high, pivots towards pre-emptive inflation fight

The Bank of Japan raised its policy rate to 1.25 per cent from 1 per cent by a 7-2 vote.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.