Wednesday, January 4, 2012

Global Market Weekly Review, 27 - 30 December 2011

Taiwan’s central bank left interest rates unchanged for a second straight quarter. The central bank left the discount rate on 10-day loans to banks at 1.875%. Eleven of 15 economists predicted the decision in a survey. Four expected policy makers to cut the key rate to 1.75% after keeping it unchanged in September for the first time in six quarters.

Vietnam’s economic growth accelerated this quarter as rising domestic consumption and exports limited the impact of higher interest rates. Gross domestic product increased 6.1% in the fourth quarter from a year earlier. The preliminary estimate compares with a revised 6.07% growth rate for the three months through September. For the full year, Vietnam’s economy expanded 5.89%, down from the 6.78% rate for 2010.


Source: ING Funds Berhad

1 comment:

  1. Thanks, nice to read about Asian news outside of Japan and China. If it's of interest to you, I'm Australian and blog primarily about the Australian stock market. www.pimmtrading.blogspot.com is the link, there is also a sister blog with a trading guide (which looks like it will be of less use to you!) www.tradingpimm.blogspot.com.

    Thanks, and keep up the good work.

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