South Korea leaves key interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Bank of Korea decided to keep its benchmark borrowing interest rate untouched for the seventh consecutive month stressing increasing exposure to European debt turmoil. Although weakening South Korean Won threatens to boost inflation, central bank kept its key interest rate at 3.25%. The decision match economists' expectations. 
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Fri, 13 Jan 2012 08:45:06 GMT

Draghi: the plan supposed to tame European crisis starts to work

ECB President Mario Draghi announced his plan for curtailing European debt turmoil starts to work as large amount capital injection in region's financial system in December begin to oil credit markets amid falling Spanish and Italian borrowing costs. The Euro slightly appreciated after Draghi's announcement.

Fri, 13 Jan 2012 08:44:14 GMT

China foreign exchange reserves decline first time since 1998

Chinese foreign exchange reserves fell in the fourth quarter for the first time since 1998, said People's Bank of China in its statement. The world's largest foreign exchange holdings dropped from $3.2 trillion on September to $3.18 trillion by the end of December last year. The decline may spur China's reluctance to appreciation of Yuan. 

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