South Korean monetary policy
Bank of Korea Implements a Second Rate Cut since July
October 11, 2012
The seven-day repo rate was reduced to 2.75%, the lowest level since 1Q11, from 3.0% and a peak prior to July of 3.25%. A rather downbeat statement posted on the Bank of Korea web site speaks of “lackluster” exports and domestic demand and “judges the downside risks to growth to be large, owing chiefly to […] More
