Asian Countries Raised Interest Rate to Restrain Inflation
Posted 01-19-2011 at 03:44 AM by Forexikon
Tags forex trading
At the beginning of this year(2011), the commodity prices in several Asian countries went up sharply. There were some indications that it would be a very long time for these countries to take measures to restrain inflation.
According to the report, the inflation rate in India increased by 8.4% on December in 2010.
At present, one of the main task for Asian countries was to keep inflation down. Bank of Japan restated that it would continue to restrain inflation. In addition, other countries, such as Thailand,Korea,Indonesia and Singapore, had made tighten monetary policy and administrative measures to stabilize the commodity price.The bank of Korea financial monetary committee had decided to raise benchmark interest rate to 2.75%.
The analyst predicted that amplitude would increase in the forex market as the fluidity of hot money increased.
According to the report, the inflation rate in India increased by 8.4% on December in 2010.
At present, one of the main task for Asian countries was to keep inflation down. Bank of Japan restated that it would continue to restrain inflation. In addition, other countries, such as Thailand,Korea,Indonesia and Singapore, had made tighten monetary policy and administrative measures to stabilize the commodity price.The bank of Korea financial monetary committee had decided to raise benchmark interest rate to 2.75%.
The analyst predicted that amplitude would increase in the forex market as the fluidity of hot money increased.
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