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Bank of Myanmar suspends foreign debt payments

The Bank of Myanmar has ordered companies and small borrowers to suspend repayment of foreign debt. This will lead to a decline in the credibility of Myanmar companies. On July 13, the Central Bank of Myanmar issued an announcement allowing…

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Bank Indonesia to leave interest rates unchanged in July

Indonesia’s central bank is likely to leave interest rates at a record low on Thursday. However, economists expect a 25 basis point rate hike to support the rupiah and prevent capital outflows due to rising U.S. interest rates. Given the…

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Bank of New Zealand raises interest rates by 0.5 percent

The Reserve Bank of New Zealand (RBNZ) raised its key interest rate by 0.50% to 2.50% to curb inflation and promote full long-term employment. The RBNZ Policy Committee agreed that the implementation of a monetary austerity policy will be able…

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