(Reuters) - India's central bank kept its key policy repo rate unchanged on Tuesday as widely expected, and voiced a commitment to bringing down inflation that convinced many analysts that markets will have to wait until next year for the next cut in rates.
Showing posts with label money markets. Show all posts
Showing posts with label money markets. Show all posts
Wednesday, August 6, 2014
Sunday, September 25, 2011
South Korea and Indonesia move on currencies
The Bank of Korea has become the latest central bank to step into the money markets in a bid to stabilise its currency.
The Korean won has declined by 10% against the US dollar in the past month, and the bank said it was taking appropriate steps to stem the falls.
The move follows a similar action by the Indonesian central bank on Thursday to shore up the rupiah.
The Korean won has declined by 10% against the US dollar in the past month, and the bank said it was taking appropriate steps to stem the falls.
The move follows a similar action by the Indonesian central bank on Thursday to shore up the rupiah.
Subscribe to:
Posts (Atom)