Korea, India gear for China-like tighter policy

Published on Money Control, Source: Reuters, Jan 13, 2010.

Yields rose in swap and bond markets in South Korea, India and Indonesia on Wednesday after China’s surprise policy tightening the previous day stoked expectations for similar moves and at a faster pace across Asia.

China announced a rise in banks’ reserve requirement ratio by half a percentage point late on Tuesday, marking its first explicit step to tighten extremely loose monetary conditions … (full text).

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