News – Page 3 – NATURALDEPOSIT

Bank of Indonesia Holds Interest Rates Steady at 5.75% in Line with Predictions

The Central Bank of Indonesia (BI) has announced its decision to maintain the 7-day reverse repurchase rate, which serves as the policy interest rate, at 5.75%. This determination, announced on September 21, comes against the backdrop of various economic pressures, including fluctuations in the Indonesian rupiah currency and government bond yields. The central bank’s choice …

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Bank of the Philippines Maintains Policy Interest Rate at 6.25% in Line with Expectations

News

In a decision in line with market expectations, the Central Bank of the Philippines (BSP) has chosen to maintain its policy interest rate at 6.25%. This marks the fourth consecutive instance where the BSP has opted for stability in its policy interest rate, signaling a commitment to striking a balance between supporting the expansion of …

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China Reports Surge in August Exports to North Korea as Bilateral Trade Resumes

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The General Administration of Customs (GAC) in China has disclosed that the country’s exports to North Korea experienced robust growth in August, marking a significant uptick compared to the previous month. This surge in trade activity follows the resumption of bilateral trade between the two nations and North Korea’s gradual reopening of its borders in …

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US Bond Yields Surge to 17-Year Highs Following Fed’s Interest Rate Hike Signal

News

In a resounding response to signals from the Federal Reserve (Fed) regarding a potential interest rate hike, US bond yields have skyrocketed to levels not seen in nearly two decades. The 2-year US government bond yield surged to 5.1970% on September 21, marking its highest point in 17 years. Simultaneously, the 10-year Treasury yield climbed …

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Thailand’s Car Exports Surge by 19.41% in August

News

In a promising sign for Thailand’s automotive industry, exports of finished cars in the month of August reached 87,555 units, marking a substantial increase of 19.41% compared to the same period in the previous year. This positive development underscores the sector’s resilience and its capacity to rebound from challenges. The export value for these vehicles …

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New Zealand Surpasses Expectations with 0.9% GDP Growth in Q2 2023

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The Office of National Statistics in New Zealand has delivered positive economic news, revealing that the country’s economy outperformed expectations in the second quarter of 2023, with a notable boost from the services sector. In a quarterly comparison, New Zealand’s Gross Domestic Product (GDP) expanded by a robust 0.9% during the second quarter of 2023. …

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Hong Kong Central Bank Keeps Interest Rates Steady in Alignment with Fed, Signaling Prolonged High-Interest Environment

News

The Hong Kong Monetary Authority (HKMA) has announced its decision to maintain its policy interest rate at 5.75%. This move comes in the wake of the Federal Reserve’s (Fed) recent decision to keep its interest rates unchanged during its meeting on September 20, indicating that the high-interest rate scenario is set to persist. Historically, the …

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ADB Ups Thai Economic Forecast to 3.5% for 2023 Amid Asia’s Mixed Prospects

News

The Asian Development Bank (ADB) has revised its economic growth projection for Thailand, forecasting a 3.5% expansion this year, a notable uptick from its earlier prediction of 3.3% made in April. Despite this more optimistic outlook for Thailand, the ADB’s overall economic forecast for Asia has seen adjustments, with the region’s GDP growth projected at …

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Federal Reserve Maintains Interest Rates as Expected, but Signals Further Increase This Year

News

In a closely watched decision, the Federal Reserve’s (Fed) Monetary Policy Committee (FOMC) opted to keep short-term interest rates within the range of 5.25-5.50% during its most recent meeting, in line with market expectations. This decision maintains the highest level of interest rates seen in the United States in over two decades. The announcement of …

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Surge in Mortgage Loan Applications Despite Rising Interest Rates in the United States

News

In a surprising turn of events, the United States has witnessed a notable 5% increase in mortgage loan applications over the past week, as reported by the Mortgage Bankers Association (MBA). This surge in applications has taken place against a backdrop of escalating mortgage interest rates, prompting industry experts to closely examine the underlying factors …

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