Banks (Finance)
Rising household costs and a surge in underlying inflation to above the bank's 2% target have tempered hopes for a quick reduction in interest rates. Despite a record 17.4% drop in gasoline prices, which contributed to a 0.5% decline in consumer prices last month, the Bank
Banks (Finance)
A big fall in petrol prices helped to ease inflation to 2.4 per cent in September, but economists remain convinced that interest rates will rise. While the drop in inflation was expected, the underlying factors driving price pressures mean that the City is bracing itself for a rate hike.
Banks (Finance)
South Korea's central bank, led by Gov. Lee Seong-tae, has decided to maintain its key interest rate at 4.5 per cent, a five-year high, despite escalating concerns about a business downturn. The Bank of Korea (BOK) policymakers chose to freeze the September target for the call rate,
Banks (Finance)
South Korea's economic slowdown has sparked concerns among analysts, with the country's central bank expected to freeze its key interest rate in September. The Bank of Korea's policymakers are set to meet on Thursday, with a consensus among 17 economists from local financial institutions
Banks (Finance)
South Korea's central bank, the Bank of Korea (BOK), has raised its key interest rate in an unexpected move to combat inflationary pressures, despite government calls for a freeze. The rate hike to 4.5% is the highest in five years, and it has sent shockwaves through the
Banks (Finance)
Hong Kong lenders have expressed reluctance to increase interest rates, citing concerns about the US economy and its impact on the local market. Despite the link between the Hong Kong dollar and the US dollar, local lenders have been conservative in raising interest rates, increasing them by only 0.25
Banks (Finance)
The Bank of Korea retained its key interest rate at 4.25 per cent for July, defying market expectations of a potential rate hike. This decision comes as the country's economic growth shows a steady recovery, with exports and private spending exhibiting double-digit growth. However, the bank'
Banks (Finance)
Vietnamese commercial banks are expressing worry about the impact of rising US dollar interest rates on the domestic market, particularly in light of the US Federal Reserve's decision to increase its interest rate by 25 basis points to 5.25 per cent on June 30. Banks are anticipating
Economic conditions
Taipei's economic landscape is set for a shift as Taiwan's Central Bank of China is poised to raise the discount rate, likely by half of a quarter percentage point to 2.5%, in response to the US Federal Reserve's 16th consecutive interest rate hike
Economic conditions
South Korea's central bank is facing a pivotal decision as it weighs the nation's economic growth against the sharp ascent of the won against the U.S. dollar. Three global investment banks, including JP Morgan & Chase Co., predict that the Bank of Korea (BOK) will
Banks (Finance)
The Reserve Bank of Australia has hinted at future interest rate rises due to persistent inflationary pressures, as reported in the quarterly monetary policy statement. The bank highlighted strengthening credit growth, higher prices for key goods, and limited economic capacity as factors contributing to the high inflation rate. Despite high
Banks (Finance)
The Reserve Bank has increased official interest rates by a quarter of a percentage point to 5.75 per cent, the highest level since February 2001. This decision comes as inflation hits the top of the bank's target band of two per cent to three per cent, with
