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Indonesian President Prabowo Subianto has nominated Destry Damayanti, the central bank's second-ranking official, as the sole candidate for central bank governor following Perry Warjiyo's unexpected departure last month.
The European Union is negotiating final rules for a digital euro, with formal ECB approval planned for January 2027 and public launch by 2029. The move aims to reduce reliance on U.S. payment systems and counter cryptocurrency risks.
Malaysia's central bank is expected to hold its overnight policy rate steady at 2.75 per cent through the end of 2026, with analysts citing improving economic growth prospects and controlled inflation as justification for maintaining the status quo.
MBSB Investment Bank has upgraded Malaysia's 2026 GDP growth forecast to 4.5% from 4.2%, reflecting stronger-than-expected economic momentum. The central bank is anticipated to keep interest rates unchanged at 2.75% throughout the year.
CIMB Treasury forecasts Bank Negara will hold the overnight policy rate at 2.75% this Thursday, as declining crude oil prices and the BUDI Diesel programme reduce inflationary pressures across the economy.
Japan's Finance Minister Satsuki Katayama has reiterated the government's willingness to intervene in currency markets to support the weakening yen, emphasizing close coordination with US authorities on foreign exchange matters.
The US dollar suffered its steepest weekly loss in three months following disappointing June jobs data that reduced expectations of imminent Federal Reserve rate rises, while the Japanese yen recovered from 40-year lows amid intervention risks.