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The South Korean Central Bank announced on Mar. 12 a 0.25% decline of the interest rates, making the total number of countries reducing interest rates reach 24. With the adoption of quantitative easing policies, the global capital flow has been more activated. Although the “war of currencies” continues to be a hot issue, analysts consider it to be a fake issue and expect more interest rate reducing polices in the future.

In fact, since the beginning of March this year, China, India, and Poland all put their QE policies into force. Analysts think that the next will Russia and Malaysia. The sequential QE policies adopted in the emerging markets were mainly resulted from the remaining low level or slip of inflation, which signified the necessity of supporting weak economic growth.

Central banks which have reduced their interested rates thus far include: the EU, Canada, Singapore, Denmark, Russia, Australia, Romania, China, Poland, India, Peru, Switzerland, Egypt, Turkey, Japan, Indonesia, Thailand, and S. Korea.