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.



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