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Emerging markets: Thai central bank says inflation will be higher than expected as Asia FX rise on respite from recession woes

Most Asian currencies and stock markets moved higher as expectations of less hawkish moves from the US Federal Reserve slightly eased fears of a global economic recession.

People s Bank of China and BIS create Renminbi Liquidity Arrangement

China's c.bank has signed an agreement with the Bank for International Settlements to create a Renminbi Liquidity Arrangement (RMBLA).

China Creates Yuan Liquidity Reserve Pool With BIS, Five Others

China Creates Yuan Liquidity Reserve Pool With BIS, Five Others
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China to create yuan liquidity reserve pool with BIS, Malaysia, four others — PBOC

The People’s Bank of China (PBOC) will create a yuan reserve pool with the Bank for International Settlements (BIS) and five other regulators to provide liquidity to participating economies in periods of market volatility.

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