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PR Newswire
12-03-2015, 02:36 PM
One more central bank is easing, in total more than 20 are loosening policy this year. Hot money everywhere...
Bank of Korea unexpectedly cuts key rate to record low
SEOUL (March 12): South Korea’s central bank unexpectedly lowered its key interest rate to an all-time low to prevent the nation from falling into deflation and support economic growth.
The Bank of Korea lowered the seven-day repurchase rate to 1.75 percent, as forecast by two of 17 economists surveyed by Bloomberg. The rest predicted no change.
The central bank lowered the rate by 50 basis points in two steps in 2014.
With South Korea’s inflation at slowest pace since 1999 and exports falling, the BOK joins more than 20 other central banks in loosening policy this year, including its Thai counterpart, which unexpectedly cut rates on Wednesday.
...
http://www.theedgemarkets.com/sg/article...record-low
Bank of Korea unexpectedly cuts key rate to record low
SEOUL (March 12): South Korea’s central bank unexpectedly lowered its key interest rate to an all-time low to prevent the nation from falling into deflation and support economic growth.
The Bank of Korea lowered the seven-day repurchase rate to 1.75 percent, as forecast by two of 17 economists surveyed by Bloomberg. The rest predicted no change.
The central bank lowered the rate by 50 basis points in two steps in 2014.
With South Korea’s inflation at slowest pace since 1999 and exports falling, the BOK joins more than 20 other central banks in loosening policy this year, including its Thai counterpart, which unexpectedly cut rates on Wednesday.
...
http://www.theedgemarkets.com/sg/article...record-low
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