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作成日:
2022/04/14 20:47
更新日:
2025/12/09 16:59
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Central banks in South Korea and Singapore say they are tightening monetary policy to tame inflation. They join others around the world in acting against the fallout from the situation in Ukraine. The Bank of Korea decided on Thursday to raise the benchmark interest rates by 0.25 points to 1.5 percent. It is the fourth rate hike since last August. Consumer prices in South Korea jumped 4.1 percent last month from a year before. BOK officials say they expect inflationary pressure to persist longer than previously thought. The Monetary Authority of Singapore also announced on Thursday it was tightening policy. The MAS manages policy through exchange-rate settings rather than interest rates. Officials decided to allow the Singapore dollar to strengthen to curb price hikes of imported goods. The central bank in Canada also announced a rate hike on Wednesday. Its key rate was increased by half a percentage point - the biggest single move in more than two decades.
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