Energy crisis fails to hinder expansion ambitions: Microsoft (MSFT.US) invests 10 billion dollars in Japan, partnering with SoftBank and Sakura to co-build AI cloud infrastructure
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The Bank of Korea keeps policy rate unchanged as expected to assess the impact of consecutive rate hikes; Governor’s remarks may signal future policy direction
The Bank of Korea announced on Thursday that it will keep the seven-day repo rate unchanged at 3%, in line with market expectations. After raising interest rates consecutively for the first time in more than three years, the central bank has chosen to pause rate hikes in order to assess the impact of rising borrowing costs.
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Survey shows: Over 80% of economists expect the Bank of Japan to raise interest rates in December, with consensus that it will hold steady in October
More than 80% of Bank of Japan observers expect the next interest rate hike to take place in December.
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