Arab Today, arab today bank of korea keeps key interest rate at 25
Last Updated : GMT 04:43:53
Arab Today, arab today
Arab Today, arab today

Bank of Korea keeps key interest rate at 2.5%

Arab Today, arab today

Arab Today, arab today Bank of Korea keeps key interest rate at 2.5%

South Korea's central bank
Seoul - QNA

South Korea's central bank on Thursday froze the policy interest rate at 2.5% for the 14th straight month, shrugging off a minority voice that forecast a rate cut as the confirmation of a pro-growth finance minister nominee is under way.
In a news conference, Bank of Korea (BOK) Gov. Lee Ju-yeol said the seven-member monetary policy committee decided to keep the benchmark seven-day repo rate at the current level in a split vote. One unknown member voted against the freeze, Lee said without elaboration.
The BOK governor said growth slightly weakened despite firm exports as domestic demand weakened due largely to the Sewol ferry disaster in April that left more than 300 dead or missing, according to (Yonhap) News Agency.
Lee said while external risks have eased, the ferry sinking's impact on the South Korean economy is lasting longer than expected, adding that the committee views the downside risks as being bigger than the upside risks.
The BOK chief, however, retained his view from the June news conference that the present base rate level is "accommodative" to the current economy.
Regarding inflation, Lee said the committee expects inflation to gradually rise but inflationary pressure to likely be weaker than expected.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of korea keeps key interest rate at 25 Arab Today, arab today bank of korea keeps key interest rate at 25

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of korea keeps key interest rate at 25 Arab Today, arab today bank of korea keeps key interest rate at 25

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday