Bank of Korea’s Key Interest Rate Left at 1.25%
November 10, 2016
The last change in the 7-day repo rate was a 25-basis point cut in June. Four earlier reductions were made between August 2014 and June 2015. CPI inflation accelerated to 1.3% in October from 0.4% in August, but the forecast of modest growth faces even more uncertainty than before, according to a released statement, because of the coming change in the U.S. government and a political scandal at home. President-Elect Trump’s campaign spoke of a need for countries that rely on U.S. defenses for protection to finance a share of that help. Trump also aims to pursue a more aggressive trade policy, threatening tariffs against countries whose own trade policies secure unfair competitive advantages.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Korea