Bank of Korea, Central Bank, South Korea

Bank of Korea (BOK) Surprises Markets with Back-to-Back Interest Rate Cut

The Bank of Korea (BOK) cut its seven-day repurchase rate by a quarter percentage point to 3% on Thursday, marking its second consecutive rate reduction in less than two months. The unexpected decision came alongside a downgraded economic growth forecast...
Japan

Japanese Workers See Largest Salary Hike in 30 Years, Supporting Central Bank’s Recovery Plans and Potential Rate Hike

Japanese workers experienced their most substantial base salary increase in over three decades, strengthening the Bank of Japan's (BOJ) position that the nation’s economy remains on a recovery track. This momentum has prompted further speculation that the BOJ may increase...
Indian Rupee

Can Indian Rupee be a means of payment in Sri Lanka’s domestic market?

Colombo The Government of Sri Lanka approved Indian Rupee as an international currency. After which now trade between India and Sri Lanka will be possible in Indian currency. But, the Indian currency will not be used for domestic transactions in...