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Asian Giant Korea To Raise The Interest Rates

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(LEAD) Bank of Korea likely to raise key rate in 2nd quarter:think tank
(ATTN: FIXES typo in headline)
SEOUL, April 17 (Yonhap) -- South Korea's central bank is likely to raise its key interest rate during the second quarter, given a widely expected gap with interest rates in the United States, a local think tank said Monday.
The Bank of Korea (BOK), the country's central bank, left its benchmark interest rate unchanged at 4 percent for April after raising it by a quarter of one percentage point in February.

TTRTRates at home very soon.

This is a sell signal to those holding IR sensitive assetts such as investment properties as the risks are all to the downside now.

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I am looking forward to the day when the BoE is finally forced to raise Interest Rates, however sadly I'm not expecting it any time soon.

In the meantime the BTL brigade still think they're safe as houses, blind as they probably are to movements in international money markets.

Hopefully it will not be too long now until they get their just desserts.

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Japan is hiking faster than many realise:


MOF's Hosokawa urges BOJ to explain rate stance

Mon Apr 17, 2006 4:20 AM ET

Printer Friendly | Email Article | Reprints | RSS

TOKYO, April 17 (Reuters) - Japanese Vice Finance Minister Koichi Hosokawa said on Monday that recent movements in
Japanese long-term interest rates had been a bit too rapid
and that he was worried whether markets fully understand the Bank of Japan's policy stance to keep rates very low for a while.

The rapid rise in Japanese IR seems to be connected with their recent rapid economic expansion and 5.4% GDP. They have no choice, raise the rates or raise inflation.

No one will be able to say we have not been warned! IR hikes are coming and they are coming fast. :o

( :D )

Edited by Realistbear

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