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Interest rates

Indonesia holds rates

Bank Indonesia's rate-setting board voted on Wednesday to leave rates at 8% in an attempt to bring inflation within the 4-6% range set for 2008.

Japan's hawk turns dove after building slump

Atsushi Mizuno, the only member of the Bank of Japan to consistently back a rate hike during the second half of last year, changed tack in December due to the poor performance of the construction sector, minutes from the monetary policy meeting reveal.

ECB sticks to inflation line amid OECD cut calls

Jean-Claude Trichet, the president of the European Central Bank, and fellow members of the rate-setting governing council have defended the central bank's decision to fight inflation, in spite of increasingly vociferous calls for them to cut rates.

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