Tag Archives: oil price

Asia-Pacific central banks will probably hold off on adding monetary stimulus this week as higher oil prices combine with diminishing concern of a euro- region meltdown to make the case for preserving firepower. South Korea and New Zealand will hold interest rates tomorrow, according to all economists surveyed by Bloomberg News. Indonesia will keep its key rate at 5.75 percent …

Feb. 27 (Bloomberg) — South Korean inflation may accelerate above the government’s target on higher oil prices, just as the nation’s economic growth is about to start improving, Finance Minister Bahk Jae Wan said. While inflation is “likely” to dip this month below the 3.4 percent rate in January and be “even lower” in March, instability in the oil market …