Tuesday, Oct 27, 2009
Interest rates look set to rise around the Globe
Bloomberg: India Central Bank Begins Exit From Monetary Stimulus
BBC carrying a similar story - Bank comments hit Indian shares (news.bbc.co.uk/1/hi/business/8327493.stm) - analysts said the bank was laying the ground for increasing interest rates. "The RBI is sending signals and preparing the system for a tightening of rates in the near future, led by inflationary concerns," said Rupa Rege Nitsure at the Bank of Baroda. Bloomberg- The Reserve Bank of Australia increased rates three weeks ago, citing costlier real estate. Norway’s Norges Bank is set to raise borrowing costs tomorrow, according to a Bloomberg survey. Bank of Korea Governor Lee Seong Tae said Oct. 23 that keeping rates at a record low may not be healthy for the economy.
Posted by jack c @ 10:55 AM (550 views) Add Comment
3 Comments
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1. will said...
Interest rates will begin to snowball now as countries keep pace with each other.
2. crunchy said...
You can't put a finger on the cause of inflation although some here try.
Hyperinflation remains my view.
3. mystie010 said...
As I have often predicted on this site, I think that we will see the first rate rises early next year and not later on as widely expected.