'No pressure' for interest rate cuts in Asia
As global growth slows, many countries are cutting borrowing costs to get things going.
Last week, China and Australia cut interest rates, while this week Indonesia, Thailand and the Philippines are all scheduled to announce their latest decisions.
However, Richard Jerram, chief economist at the Bank of Singapore, told the BBC's Asia Business Report, that further interest rate cuts in Asia were unlikely.
12 Jun 2012
- From the section Business