South Korea Central Bank Holds Main Rate Steady

The Bank of Korea's monetary policy committee has decided to keep its benchmark Base Rate unchanged at  2.75%, the South Korean central bank announced this week. This marks the third month in a row that it has done so.

The Bank did not comment on its action in the press release. Inflation in the country is low, opening the possibility for a rate cut. But Governor Kim Choon-soo was quoted by the Financial Times as saying last week that the bank was to "seek other ways to spur growth than monetary policies."

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2191545, ~/Articles/ArticleHandler.aspx, 9/22/2014 10:23:15 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement