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Indonesia Official Reserves at $122.9 Billion in May 2018

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Indonesia Flag on Mountain

Indonesia Official Reserves at $122.9 Billion in May 2018

Jakarta | 8th June 2018

Indonesia’s official reserve assets stood at USD122.9 billion as of end-May 2018, still high enough although lower than the end of April 2018 level at USD124.9 billion.

“Indonesia’s Official Reserves at $124.9 Billion in April 2018”

The reserve asset position was equivalent to financing of 7.4 months of imports or 7.2 months of imports and servicing of government external debt, well above the international standard of reserve adequacy of 3 months of imports.

Bank Indonesia considers the position of official reserve assets is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

Official Press Release by Bank Indonesia

Philippines International Reserves at $78.97 Billion in May 2018

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Philippines International Reserves at $78.97 Billion in May 2018

Manila | 7th June 2018

Preliminary data showed that the country’s gross international reserves (GIR) level as of end-May 2018 slid marginally to US$78.97 billion from the end-April 2018 GIR of US$79.61 billion.

” PHILIPPINES reserves AT $78.97 billion IN maY 2018 “

Net international reserves (NIR), which refer to the difference between the BSP’s GIR and total short-term liabilities, likewise decreased by US$0.64 billion to US$78.95 billion as of end-May 2018 from the end-April 2018  level of US$79.59 billion.

Source: Bangko Sentral ng Pilipinas

Hong Kong Foreign Currency Reserve Assets at $432.1 Billion May 2018

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Hong Kong Foreign Currency Reserve Assets at $432.1 Billion May 2018

Hong Kong | 7th June 2018

The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that the official foreign currency reserve assets of Hong Kong amounted to $432.1 billion as at the end of May 2018 (end-April 2018: $434.5 billion).

” HONG KONG foreign currency reserve assets at $432.1 Billion in May”

Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of May 2018 amounted to $424.6 billion (end-April 2018: $426.9 billion).

The total foreign currency reserve assets of $432.1 billion represent over seven times the currency in circulation or about 45% of Hong Kong dollar M3.

Official Press Release by Hong Hong Monetary Authority

Malaysia Official Reserves at $108.5 Billion in May 2018

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Kuala Lumpur, Malaysia

Malaysia Official Reserves at $108.5 Billion in May 2018

Kuala Lumpur | 7th June 2018

The international reserves of Bank Negara Malaysia amounted to USD108.5 billion as at 31 May 2018.

“Malaysia Official Reserves at $108.5 Billion in May 2018”

The reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the short-term external debt.

Official Press Release by Bank Negara Malaysia

Philippines Inflation at 4.6% in May 2018

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Philippines Inflation at 4.6% in May 2018

Manila | 6th June 2018

Headline inflation was at 4.6 percent year-on-year in May compared to 4.5 percent in April using the 2012-based Consumer Price Index (CPI) series. The year-to-date average of 4.1 percent is slightly above the high end of the inflation target for 2018 of 2.0 to 4.0 percent.

“Philippines Inflation at 4.5% in April 2018”

As risks to future inflation continue to tilt toward the upside, the Bangko Sentral ng Pilipinas (BSP) expects inflation to remain elevated in 2018 but to decelerate toward the midpoint of the target range in 2019.

Source: Bangko Sentral ng Pilipinas

Reserve Bank of Australia Leaves Cash Rate Unchanged at 1.5%

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Reserve Bank of Australia Leaves Cash Rate Unchanged at 1.5%

Sydney | 5th June 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

” RBA LEAVES CASH RATE UNCHANGED AT 1.5% “

The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.

Official Press Release by Reserve Bank of Australia

Taiwan Foreign Exchange Reserves at $457.28 billion at End May 2018

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Taiwan Foreign Exchange Reserves at $457.28 billion at End May 2018

Taipei | 5th June 2018

The foreign exchange reserves of the Republic of China amounted to $457.28 billion as of the end of May 2018, showing an increase of $144 million from the figure recorded at the end of the previous month.

” TAIWAN FOREIGN EXCHANGE RESERVES AT $457.28 BILLION AT END May 2017 “

The level of foreign exchange reserves showed a moderate increase in May because returns from the management of reserve assets were offset by the depreciation of the euro and other reserve currencies against the US dollar.

Official Press Release by Central Bank of ROC Taiwan

Korea Balance of Payment at $1.77 Billion in April 2018

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Korea Balance of Payment at $1.77 Billion in April 2018

Seoul | 5th June 2018

During April 2018 the Korean current account registered a surplus of $1.77 billion.

” Korea BOP at $1.77 billion in April 2018″

In the financial account, net assets expanded by $0.01 billion during April.

Official Press Release by The Bank of Korea

Korea Official Reserves at $399.0 Billion May 2018

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Korea Official Reserves at $399.0 Billion May 2018

Seoul | 5th June 2018

Korea’s official foreign reserves as of the end of May 2018 amounted to $399.0 billion.

“Korea Official Reserves at $399.0 Billion May 2018”

Korea’s official foreign reserves consisted of securities valued at $366.4 billion (91.8%), deposits of $22.9 billion (5.7%), SDRs of $3.3 billion (0.8%), the country’s IMF reserve position of $1.6 billion (0.4%), and gold of $4.8 billion (1.2%).

Official Press Release by The Bank of Korea

Indonesia Inflation at 0.21% in May 2018

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Indonesia Inflation at 0.21% in May 2018

Jakarta | 4th June 2018

Consumer Price Index (CPI) inflation in May 2018 stands at 0.21% (mtm), increasing compared to that in the previous month of 0.10% (mtm) as Ramadan was approaching.

” INDONESIA INFLATION AT 0.21% IN May 2018 “

Going forward, it is predicted that inflation will remain within the targeted range of 3.5±1% (yoy). Policy coordination between the Government and Bank Indonesia in inflation control will consistently be strengthened, primarily in anticipation of the increasing volatile food inflation.

Official Press Release by Bank Indonesia

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