* TAIEX slides amid concern over MOU Nov 18, 2009
It has finally happened, which is great, but there are two forces opposing gains, said Craig Chan, a Singapore-based strategist at Nomura Holdings Inc. The first is the central bank intervention and the second is capital controls. I am optimistic in the medium and long term, but in the short term, any knee-jerk gain wont be sustained. (Taipei Times, Taiwan -- World)
Philippines Sees Policy Dilemma, `Need for Circumspection' on Inflation Oct 25, 2009
Central bank intervention to cap currency gains typically increases surplus cash in the local financial system, fanning inflation. If that amount of liquidity is excessive, then clearly its going to create inflationary pressure, Tetangco told reporters after the Oct. 23 speech. (Bloomberg -- Asia)
Carney's Currency Warning May Have Fleeting Market Influence on Loonie Oct 23, 2009
Markets should take seriously our determination to set policy to achieve the inflation target, Carney told reporters in Ottawa yesterday, when asked if traders are contemplating the chances of central bank intervention. Markets sometimes lose their focus; we dont lose our focus. (Bloomberg -- Canada)
Zeti: Intervention in ringgit market unnecessary Oct 21, 2009
We are very pleased that we have orderly conditions in our market and therefore the need does not arise for central bank intervention, she said at the sidelines of the 21st Federation of Afro-Asian Insurance and Reinsurance (FAIR) conference yesterday. The ringgit closed higher at 3. (The Star Online, Malaysia -- Business)
Rupee up 28 paise, at 46.60 a dollar Oct 7, 2009
They said the Indian unit may face pressure due to likely central bank intervention in the later part of the day. Indian benchmark Sensex gained 100 points at 1030 hours while Asian indices were trading in the green this morning. (India Times, India -- Intl Business)
'Current market rally's not a sustained recovery' Sep 19, 2009
As Stage 1 of the recovery nears its end, the forces of economic recovery, government and central bank intervention and speculation are set to collide. 1. (India Times)
Rupee rises to 47.79 in early trade Aug 3, 2009
"The local unit is tracking the movement in other non-dollar currencies. However with most of the global majors rising against the dollar, no central bank intervention as such is expected," said a dealer at a large private sector bank. The dollar traded near its lowest point this year against a basket of currencies on Monday after higher oil prices, steady global stock markets and US GDP data boosted investments in riskier assets. (India Times)
Letters to the editor Jul 4, 2009
His prescription: government regulations and central bank intervention. Minskys hypothesis helped us understand the current financial crisis and what needs to be done. (The Star Online, Malaysia -- Business)
* [BUSINESS BRIEFS] May 5, 2009
4 percent midday on suspected central bank intervention. At its 4pm close, the local currency closed at NT$33. (Taipei Times, Taiwan -- World Business)
Dramatic switch Mar 19, 2009
In particular, the issue of who should pay to rescue a major international bank if it was going to fail is still unresolved, as is the issue of how much international coordination there should be during future crises, including central bank intervention. As Bank of England governor Mervyn King, pointed out, at the moment "global banks are global in life, but national in death". (BBC News -- Business)
Rupee weakens in early trade Mar 6, 2009
MUMBAI: The Indian rupee edged lower in early trade on Friday pulled down by losses in regional stock markets, but a weak dollar overseas and caution over possible central bank intervention prevented a sharp fall. At 9:05 a.m. the partially convertible rupee was at 51. (India Times, India -- Intl Business)
Afghanistan shielded from financial crisis Mar 2, 2009
That is partly due to the United States' backing of Afghan Central Bank intervention, which has kept the currency stable and protected the country's economy from being buffeted by the financial turmoil, economists said. The biggest risk for Afghanistan is that the foreign governments contributing billions of dollars in annual aid might need to cut back as they fund multibillion dollar stimulus plans for their own economies in the wake of the economic crisis. (Globe and Mail -- Business)
Rupee drops; bonds under pressure Feb 17, 2009
"But its unlikely that the unit will move beyond 49.25 level since at this level the central bank intervention usually sets in," he said. The Euro fell to its lowest in more than two months against the dollar and tumbled against the yen on Tuesday, pressured by concerns about recession in Eastern Europe and the contagion on European banks. (Economic Times)
* NT dollar plunges on late central bank intervention Feb 10, 2009
NT dollar plunges on late central bank intervention. ROLLERCOASTER RIDE: The nations currency was trading as much as 0. (Taipei Times, Taiwan -- World)
