SKorea leaves interest rate unchanged to help boost economy
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South Korea's central bank has left its key interest rate unchanged at 4.5 percent for a fourth consecutive month in a move widely seen to help boost the economy.
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South Korea's central bank cuts interest rates by a quarter percentage point to 3.5% in a bid to drive growth in the economy.
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Japan&#39;s central bank decided Thursday to leave its monetary policy unchanged to keep the country&#39;s economic recovery going.
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South Korea's economy rose a stronger-than-expected 5.5 percent in the three months to June but subdued domestic consumption remained a drag and was unlikely to rebound anytime soon, analysts said.
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With economic indicators mixed, the European Central Bank will leave interest rates unchanged Thursday as it waits for signals that a hesitant recovery has built up more steam, economists say.
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South Korean exports and inflation make surprise jumps in August, but central bankers are set to resist any calls to raise interest rates.
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Japan's central bank left its super-low interest rates unchanged for a 12th straight meeting Thursday due to concerns that the US subprime loan crisis and a housing slump will curb economic growth.
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The Bank of Japan will raise interest rates next week for the first time in nearly six years in a sign that the Japanese economy is gaining momentum, news reports say.
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The European Central Bank held its main interest rate steady as expected on Thursday amid rising inflation and slowing economic growth.
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The minister of economic and fiscal policy, Hiroko Ota, said there had been little change in price trends in January, after a report showed inflation slowed to zero percent for the first time since May. âPrices continue to be flat,â Ms. Ota said. Core consumer prices, which exclude fresh food, were unchanged from a year earlier, matching the median estimate of economists surveyed by Bloomberg News. Household spending climbed 0.6 percent in January, the statistics bureau said, the first increase since December 2005. Economists expected a 0.3 percent drop. The jobless rate was 4 percent, unchanged after the previous monthâs figure was revised from 4.1 percent, the agency said.
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The European Central Bank leaves its key interest rate unchanged at 2% for the 19th month in succession.
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South Korea will be able to avoid a sharp   drop in the economy even if the U.S. economy slows down next   year, thanks to growth in big regions such as Japan, China and   the euro zone, the nation's finance minister said on Tuesday.
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China may avoid a sudden economic slowdown after the central bank raised benchmark interest rates for the first time in nine years last week, a survey showed.
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South Korea's economy grew faster than expected in the second quarter, but growth is still held back by poor domestic demand
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The Bank of Japan kept interest rates steady on Thursday in its first unanimous decision since June, after a drop in business confidence signaled that companies were bracing for slower growth.
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TOKYO : The Bank of Japan&#39;s policy board has voted unanimously to leave its ultra-easy monetary policy unchanged, as widely expected, amid signs that the world&#39;s second-largest economy may be slowing.
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The European Central Bank left interest rates untouched Thursday, with bank president Jean-Claude Trichet saying Europe&#39;s modest recovery remains on track but will slow next year due to high oil prices.