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TAKE A LOOK-Asia c.banks: Philippines, New Zealand and Thailand

Thu Jul 26, 2012 3:31pm IST

The Philippine central bank cut rates on Thursday by a
quarter percentage point to a new low, a move aimed at shielding
the domestic economy from slower global growth and tempering the
peso's appreciation that is hurting exports and remittances.
    Also on Thursday, New Zealand's central bank held its
official cash rate (OCR) at a record low for an 11th consecutive
meeting and gave no hint of any urgency to alter policy with the
economy growing modestly in the midst of the euro zone debt
crisis.
    On Wednesday, the Thai central bank left its main interest
rate at 3.0 percent to help the economy, but some policy
committee members wanted a cut as problems in Europe hit
exports, already suffering from last year's floods.
       
   For stories on central bank moves, double click in brackets: 
    
    JULY
  > Philippine cbank cuts rate to protect growth 
  > NZ central bank holds rates, no rush to hike 
  > Thai c.bank holds rates, some wanted cut     
  > Indonesia holds rate amid rupiah volatility  
  > BOJ stands pat, sticks to recovery view      
  > S.Korea cbank cuts rates in surprise move    
  > Sri Lanka keeps policy rates unchanged       
  > China surprises with 2nd rate cut in weeks   
  > Malaysia holds rates, says economy resilient 
  > Australia cbank holds rates after 2 cuts     
       
    JUNE
  > Vietnam cuts rates for fifth time this year  
  > Taiwan holds rates, sees inflation risk      
  > India stuns, holds rates as growth crumbles  
  > BOJ pledges to shield banks over Greece      
  > Manila cbank holds, no change seen for months 
  > NZ central bank holds rates, softens outlook 
  > Thailand holds rates, cites risk to growth   
  > Indonesia holds rates, eyes external risks   
  > SKorea cbank holds, sees more risks to growth 
  > China surprises with 25 bps cut              
  > Australia cuts rates to fight global gloom   
       
    MAY
  > Malaysia holds rates, demand to aid growth   
  > Indonesia cbank holds rate                   
  > S.Korea cbank holds rates as inflation eases 
  > Australia cbank surprises with 50 bp rate cut 
        
    APRIL
  > BOJ boosts stimulus again, fails to impress  
  > Australia holds rates, opens door to easing  
    
    MARCH
  > Bank of Japan refrains from easing           
  > Malaysia holds rate; growth risks seen       
  > Indonesia cbank holds rate at 5.75 pct       
  > Bank of Korea holds rates steady again       
  > NZ holds rates, see inflation in sweet spot  
  > Australia cbank holds rates,keeps easing bias 
  > Philippine c.bank cuts rate by 25 bps        
    
   FEBRUARY
 > Indonesia unexpectedly cuts rate to 5.75 pct                 
 > S.Korea holds rates for 8th straight month                      
 > Australia's RBA holds rates, door open to cut                 
 
   JANUARY 2012
 > NZ central bank holds rates, softens outlook                 
 > Thailand cuts rates again, cites flood impact                 
 > India cuts bank reserve level, eyes growth                   
 > S.Korea holds rates, tempers inflation talk                  
 > Indonesia cbank hold rates, eyes inflation                   
 
   DECEMBER
 > Taiwan holds rates amid global gloom                         
 > BOJ keeps policy steady, offers bleaker view                 
 > Indonesia central bank pauses                                
 > South Korea holds rates, in wait-and-see mode                
 > NZ rates on hold as Europe risks weigh                       
 > Australia cbank cuts rates to 4.25 percent                       
 
   NOVEMBER
 > BOJ keeps policy on hold, cuts economic view                 
 > Bank of Korea holds rates, seen steady                       
 > Malaysia cbank holds rates, eyes global risks                
 > Indonesia cbank surprises with big rate cut                    
 > Australia cuts rates, cites tame inflation                   
 
   OCTOBER
 > Manila keeps rate steady, inflation slowing                  
 > Thai c.bank holds rates in face of floods                    
 > Singapore relaxes policy,warns on inflation                  
 > S.Korea holds rates; next move may be down                   
 > Indonesia makes surprise rate cut                            
 > BOJ sticks to recovery view,eyes overseas risk                   
 > Australia cbank opens door to rate cut                       
 
   SEPTEMBER
 > India c.bank raises rates, keeps hawkish tone                
 > Taiwan holds rates, sees global uncertainty                  
 > Global woes steer New Zealand to delay hikes                 
 > Australia cenbank sidelined by global gloom                         
 > Indonesia cbank holds rate, lowers o/n band                  
 > Korea cbank holds rate again on growth worries               
 > Philippines holds rates, next move could ease                
 
   AUGUST
 > Thailand raises rates, future path uncertain                 
 > Indonesia cbank keeps rate at 6.75 pct                       
 > Australia c.bank holds rates, weighed hiking                   
 
   JULY
 > Pakistan cuts key policy rate by 50 bps                      
 > India c.bank surprises with 50 bps rate rise                 
 > Bank of Korea holds rates amid growth worries                
 > Thailand raises rates, signals more to come                  
 > Indonesia holds rates inflation under control                
 > BOJ holds fire, more optimistic on economy                   
 > China raises rates, shrugs off slowing growth                
 > Vietnam cbank cuts a benchmark rate to 14 pct                
 
   JUNE
 > Taiwan ups rates, eyes higher inflation                      
 > India raises rates again, signals more coming                
 > Philippine holds rates, raises reserves                      
 > Bank of Korea raises rates, eyes inflation                   
 > Indonesia cbank holds rates as expected                      
 > NZ cenbank holds rates, readies for rises                    
 > Australia cenbank holds rates, sounds guarded                
 > Thailand raises rates; core inflation jumps                  
 
   MAY
 > Pakistan leaves key policy rate at 14 pct                    
 > BOJ holds fire, unfazed by recession                         
 > Vietnam raises OMO interest rate to 15 pct                   
 > Sri Lanka holds rates, to boost growth                       
 > Bank of Korea holds rates, stunning markets                  
 > Manila cbk ups rates,warns on inflation target               
 > Malaysia cbank raises key rate, more hike seen                  
 > India cbank ups rates 50 bps, exceeds f'casts                   
 > Australia cbank holds rates, hike comes closer                    
 
   APRIL
 > NZ central bank holds rates, no rush to hike                 
 > Thai central bank rates rates again                            
 > Singapore tightens monetary policy                             
 > Indonesia holds rates for now                                  
 > Bank of Korea holds rates, hike seen in Q2                   
 > BOJ holds fire but signals more easing ahead                 
 > China ups rates ahead of March inflation data                   
 > Australia holds rates, sounds comfortable                    
 > Bangladesh up rates again, inflation quickens                 
 
   MARCH
 > Taiwan raises rates, to continue tightening                  
 > Philippine central bank hikes rate 25 bps                    
 > India cbank raises rates, more tightening seen                  
 > BOJ eases policy to counter economic shock                    
 > Malaysia cbank holds rates, ups reserve ratio                
 > Korea cbank ups rates,sees inflation peak soon               
 > NZ central bank slashes rates after quake                    
 > Thailand raises rates 25 bps, more to come                   
 > Australia c.bank content with rates,inflation                
 > Indonesia cbank holds rate steady, flags rises               
 
   FEBRUARY
 > Bank of Korea holds rates, March hike seen                   
 > Philippines holds rates,raises inflation fcast               
 > China raises rates to battle high inflation                  
 > Indonesia cbank raises rates,cites food prices                
 > Australia cbank holds rates, looks past floods                  
 
   JANUARY 2011
 > Malaysia cbank holds rates, inflation modest                     
 > NZ cbank holds rates, waits on robust recovery               
 > Indian c.bank raises key rates 25 bps                        
 > SKorea steps up inflation battle, raises rates               
 > Thai c.bank raises rates 25 bps to tame prices               
 > Indonesia cbank holds rates steady as expected               
 
                                                                
                       ASIA RATES OUTLOOK                       
                                                 
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