Asia-Pacific central banks shed light on future policy

asiapacific

Bank Indonesia (BI) today hiked its key interest rate for the second time in as many weeks as central banks in the Asia-Pacific region took a turn towards tighter policy.

The Reserve Bank of New Zealand held rates steady but indicated it will likely raise its key rate in 2014, striking a notably more hawkish tone than in previous announcements.

In contrast, the Bank of Korea governor Choong Soo Kim stressed that his central bank would not increase rates alongside other emerging markets. The Kore

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