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 (919 views)
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3 Comments

1. will said...

Interest rates will begin to snowball now as countries keep pace with each other.

Tuesday, October 27, 2009 12:06PM Report Comment
 

2. crunchy said...

You can't put a finger on the cause of inflation although some here try.

Hyperinflation remains my view.

Tuesday, October 27, 2009 12:16PM Report Comment
 

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.

Tuesday, October 27, 2009 12:55PM Report Comment
 

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