Asia-Pacific Central Banks Move Towards Improved Cooperation
REGULATIONS
For the first time in the Asia-Pacific region, several east Asian central banks are today scheduled to sign agreements aimed at coordinating currency market intervention. The bilateral repurchase agreements will be signed by the central bank governors of Indonesia, Malaysia and Thailand with both the Hong Kong Monetary Authority (HKMA) and one another.
The agreements come less than two months after Bernie Fraser, governor of the Reserve Bank of Australia, called upon the region's authorities to
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