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Equity Research
India, South Korea and Indonesia will start raising interest rates from
early next year as Asia’s economies show signs of recovery, according to
Goldman Sachs. “All central banks across the region have now ended
their monetary easing cycles and may start to consider ‘exit strategies’
over the next year.” The Reserve Bank of India is expected to raise its
benchmark rates by 300 basis points in 2010, starting in the first quarter,
according to Goldman Sachs chief Asia‐Pacific economist Michael
Buchanan
http://www.nirmalbang.com/Upload/Daily080909.pdf
early next year as Asia’s economies show signs of recovery, according to
Goldman Sachs. “All central banks across the region have now ended
their monetary easing cycles and may start to consider ‘exit strategies’
over the next year.” The Reserve Bank of India is expected to raise its
benchmark rates by 300 basis points in 2010, starting in the first quarter,
according to Goldman Sachs chief Asia‐Pacific economist Michael
Buchanan
http://www.nirmalbang.com/Upload/Daily080909.pdf