Bank of Korea

December 15, 2016

Four 25-basis point interest rate cuts from August 2014 to June 2015 were followed more recently by yet another 25-bp reduction in June of this year. South Korea’s 7-day repo rate now stands at 1.25%, a record low. A policy statement released today. South Korea is sustaining only modest growth, and inflation is low with diminishing upward pressure on non-oil items lately. In addition to the global political and financial market uncertainties, an impeachment process involving President Park represents another risk factor.

Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags:

ShareThis

This entry was posted on Thursday, December 15th, 2016 at 1:31 pm and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

css.php