Friday October 10, 10:55 AM
***SNAPSHOT- ASIA KEY OFFICIAL INTEREST RATES***
Singapore's central bank eased monetary policy for the
first time in five years on Friday, by shifting to a zero
appreciation bias for its trade-weighted currency band.
That follows rate cuts in Taiwan, Hong Kong and South Korea
this week, after a coordinated rate cut by central banks in the
United States, Europe, Canada and China as part of a global
campaign to help contain the fallout from the spreading
financial crisis.
The following is a list of key interest rates for major
Asian economies, excluding Japan.
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------- COUNTRY KEY RATES RATE PCT
(PVS)
LAST CHANGE
China 1-year yuan lending 6.93 (7.20)
Oct 09, 08
1-year yuan deposit 3.87 (4.14)
Oct 09, 08
Hong Kong Discount window 2.00 (2.50)
Oct 09, 08
South Korea Base rate 5.00 (5.25)
Oct 09, 08
Taiwan Discount 3.25 (3.50)
Oct 09, 08
Indonesia Overnight rate 9.50 (9.25)
Oct 07, 08
Thailand 1-day repurchase 3.75 (3.50)
Aug 27, 08
Philippines Overnight borrowing 6.00 (5.75)
Aug 28, 08
Overnight lending 8.00 (7.75)
Aug 28, 08
India Reverse repo 6.00 (5.75)
Jul 25, 06
Repo 9.00 (8.50)
Jul 29, 08
Vietnam Discount 13.00 (11.00)
Jun 10, 08
Rediscount 15.00 (13.00)
Jun 10, 08
Base rate 14.00 (12.00)
Jun 10, 08
Malaysia Overnight policy 3.50 (3.25)
Apr 26, 06
Singapore sets monetary policy through the Singapore
dollar's trade-weighted exchange rate rather than interest
rates. In a semi-annual review on October 10, 2008, the central
bank eased policy by shifting to neutral from a policy of
allowing a gradual appreciation of the trade-weighted currency.
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------- For snapshot of key interest rates for major
industrialised nations please click on [INT/RATE]
For Asian interest rates, click on:
Indonesia - Taiwan -
Hong Kong - Malaysia
South Korea - Other rates -
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