According to Channel News Asia , the Bank of Korea (BOK) announced on Thursday that it had decided to keep its seven-day repo rate interest rate unchanged at 2%. This was the tenth successive month in which the rate remained at its current record low level. The BOK reduced the key rate by a total of 3.25pps between Oct 2008 and Feb 2009 in order to stimulate economic growth. The BOK said that while the country's exports and consumption had shown an improvement, uncertainties in economic growth persisted. The BOK also said that it would maintain its accommodative monetary policy for some more time in order to support the country's economic recovery. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more