The MB is expected to slash
key rates by at least 25 basis points on Thursday to help boost domestic growth.
Federal Reserve is widely expected to raise its base rate this week, concern is growing that the reversal of
key rates between Korea and the United States will trigger capital flight from Seoul.
The adjustment in
key rates was kept on hold yesterday as the Bangko Sentral ng Pilipinas (BSP) saw more stable consumer prices through 2016.
The European Central Bank (ECB) has to lower its
key rates further and step up its injections of liquidity in order to combat the risk of deflation in the eurozone, say senior officials at the International Monetary Fund (IMF).
Global Banking News-October 26, 2010--Hungary central bank holds
key rates steady(C)2010 ENPublishing - http://www.enpublishing.co.uk
NEW DELHI: The Reserve Bank needs to adopt a more hawkish monetary policy to tame inflation; a central bank official said two day after the apex bank raised
key rates by up to 50 basis points.
Other
key rates will fall as well, the central bank said.
6 August 2009 - Denmark's central bank, Nationalbanken, is likely to keep its
key rates unchanged now and to cut them by 10 basis points in early September, Danske Bank forecast before today's meeting on prime rates of the European Central Bank (ECB).
Other central banks are also setting their
key rates at low levels.
Signs of growing pressures in the economy will generate expectations of higher
key rates, with an attendant increase in market rates.
The two other
key rates were also reduced by 0.5 percentage point each.