South Korea's monetary tightening rate is likely to ease in the second half of this year. As reported by Xinhua News Agency, the central bank is likely to continue to increase rates during the period, though it is expected to be slower than the first half. The central bank is expected to conduct a 25 basis point (bps) rate increase per quarter in the second half. The central bank increased its benchmark seven-day repo rate by 25bps to 3.25% in June. The rate of monetary tightening is likely to be sluggish due to the persistent external instability, which include a soft patch in the U.S. economy as well as the European fiscal crisis and the expected easing of the consumer inflation. |
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