Ministry of Finance

Money Moves

Raised 2026 growth forecast twice this year

Malaysia's economy grew 5.3% in the third quarter from a year earlier, beating the 5.1% median forecast in a Bloomberg survey. HSBC raised its 2026 growth forecast to 5.5% from 5.2% on October 30, citing steady domestic demand and AI-related electronics exports, and lifted its fourth-quarter call to 5.3%.

Updated 3 hours ago

Money Moves

Holds a seat on the central bank board

Colombia's central bank held its benchmark rate at 12.25% on October 30 in a 4-3 vote, with three directors pushing for another quarter-point hike. The board had raised the rate from 12% on September 30, the first policy decision of President Abelardo De La Espriella's term.

Updated 6 days ago

Money Moves

Prepares the Union Budget and manages government receipts and spending

India's central government spent ₹7.14 lakh crore more than it received from April to September, 42.1% of its full-year deficit target. That compares with 36.5% at the same point last year.

Updated Nov 3

Money Moves

Urging calm as the shilling weakens past 4,500 per dollar

Uganda's annual inflation climbed to 5.8% in October, the highest in three years, as a weaker shilling made imported fuel and food pricier. Food crop prices rose 10.7% from a year earlier, up from 4.5% in September, and core inflation reached 4.4%.

Updated Nov 3

Money Moves

Released Jan-Sep data showing the first monthly revenue decline of 2026 and a 27.9% fall in land-sale revenue

China's main budget account took in 17.23 trillion yuan in the first nine months of 2026, up 5.1% from a year earlier and slower than the 5.7% pace through August. September was the first month this year that receipts fell, down 0.12%, the Finance Ministry said on October 23.

Updated Oct 24

Money Moves

Selling a 30.48% stake in IDBI Bank

On 17 October 2026, India's finance ministry settled a legal question that had hung over the IDBI Bank sale for years: does the IDBI (Repeal) Act, 2003 restrict the government from reducing its stake? Its answer — no — rests on a rejected 2003 amendment and a December 2018 Delhi High Court ruling, three days after the Cabinet named Fairfax Financial Holdings as buyer of a 60.72% stake for ₹52,878 crore.

Updated Oct 18

Rule Changes

Notified commencement of the Bankers' Books Evidence Act, 2026

A month into India's new financial rulebook, the Reserve Bank of India has widened a 20% cash reserve on foreign-exchange derivatives to cover all rupee-linked contracts used by banks. It also restricted non-deliverable forwards to hedging only, as the rupee trades near 97 to the dollar.

Updated Oct 16

Rule Changes

As of September 2026: Lead issuer of the mortgage interest subsidy; pays 90% of subsidy funds

China's central government will start paying part of the interest on new mortgages for first-time homebuyers on October 1. The subsidy covers 1 percentage point of annual interest on qualified loans for up to five years, the first time Beijing has directly subsidized commercial mortgage interest.

Updated Sep 30

Money Moves

As of September 2026: Oversees fiscal policy and public debt

Thailand's cabinet approved 1.26 trillion baht ($37.5 billion) in new borrowing for the fiscal year starting October 1. The plan puts public debt on track to hit 69.7% of gross domestic product, less than a point under the legal ceiling of 70%.

Updated Sep 30

Money Moves

As of September 2026: Leading the recapitalization

Eight of China's largest state-owned banks and insurers will receive US$53.6 billion in fresh capital from the finance ministry. The 360 billion yuan injection, funded by special treasury bonds, is the biggest coordinated recapitalization since last year.

Updated Sep 7

Money Moves

As of August 2026: Source of Treasury funds flows through the banking system

Every business day the Bank of Japan releases a two-page table showing how it managed the roughly ¥550 trillion that Japanese banks hold on deposit at the central bank. The August 24, 2026 statement is one entry in that record — a routine liquidity operation, unremarkable on its own.

Updated Aug 24