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Asian Governments Signal More Interest Rate Cuts Coming Soon
With inflation slowing in Asia, governments are signaling they are open to cutting interest rates to buffer their economies from the global credit dearth.
A handful of Asian countries – Australia, China, Hong Kong, India, Japan, South Korea, Taiwan and Vietnam – all cut rates since last week. And among those, South Korea, Indonesia and Thailand reported slower inflation this week, Bloomberg reported.
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The combination of both lower inflation and lower rates is starting to be priced into the…
6Nov2008 | Money Morning | 1 comment | Continued
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