South Korea kept rates steady, while China reported accelerating inflation and retail sales |
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Monetary policy makes in South Korea decided today to keep interest rates steady at 2.00% fir the 13th straight meeting, hoping to support Asia's fourth largest economy to overcome the consequences of the financial crisis. As for China, it released reports showing inflation accelerated that may force the central bank to raise interest rates end the yuan's peg to the dollar two years ago. The Bank of Korea kept rates unchanged meeting market forecasts, while the bank ensured it focus on
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