The central banks to cut interest rates to win more space.

The latest statistics show that the major Asian economies, inflation pressure has eased recently, so as to the central bank to cut interest rates to stimulate economic growth through the provision of greater policy space. South Korea 3, the National Bureau of Statistics released the report that South Korean consumer prices in October than the same period last year, up 4.8 percent, or lower than September's 5.1 percent, for 6 months to the lowest growth rate. Indonesian Central Bureau of Statistics released the same day reported that Indonesia October inflation rate in the past month fell 12.1 percent to 11.8 percent. In addition, the Thai consumer prices in October rose 3.9 percent year-on-year to 10 months to the lowest growth rate. According to China National Bureau of Statistics earlier released data, China in September consumer price index rose 4.6 percent year-on-year, an increase of 0.3 percentage point drop the previous month, much lower than in February of this year's 8.7% Peak. International Monetary Fund head of the Asia-Pacific region David Leighton in an interview with Bloomberg Television, said: "As the rate of inflation is down, (Asian central banks) in the monetary policy to have more space to operate many of the region ... ... Economies have begun to cut interest rates to support domestic demand, this is the right thing to do. " Bank of Korea announced last month, 27, the benchmark interest rate from 5% to 4.25% for the second time that month to cut interest rates. People's Bank of China decided on October 30 from financial institutions to cut the benchmark interest rate of RMB deposits and loans. October 31, the Bank of Japan will be the benchmark interest rate from 0.5% to 0.3% for March 2001 for the first time since the rate cut. November 1, Bank of India for the second time in two weeks to cut interest rates. In addition, the Bank of Indonesia will be held on the 6th of this month that interest rate meeting, the experts expected the bank may be earlier in the 6th consecutive rate hike, it was decided to maintain the current level of 9.5 percent interest rate unchanged. Bank of Thailand in line for up to a society that Sha Wada said the other day, the Bank of Thailand has room to ease monetary policy. Since July this year, the Thai central bank twice raised interest rates a total of 0.5 percentage points, to maintain the current 3.75 percent in the 16 months to the highest level