Arab Today, arab today korea\s central bank fed\s policy shift to have considerably negative impacts
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Korea\'s central bank: Fed\'s policy shift to have considerably negative impacts

Arab Today, arab today

Arab Today, arab today Korea\'s central bank: Fed\'s policy shift to have considerably negative impacts

Seoul - Yonhap

South Korea\'s central bank said Monday that the Federal Reserve\'s possible reduction or end of its stimulus program is expected to have sizably negative impacts on the local economy. The global financial markets remained on edge amid speculation that the Fed may begin to scale back its US$85 billion monthly bond-purchasing program this year. The Bank of Korea (BOK) said in a report to the National Assembly that a recent increase in the volatility of the global markets is likely to be stabilized as market turmoil was driven by adjustment in the investment portfolio rather than by changes in economic fundamentals.  But the BOK added that the Fed concerns will serve as a major uncertainty in the financial markets until its quantitative easing steps come to an end. The bank also said that it may take some time to see the fruits of Japan\'s stimulus efforts. \"The Fed\'s pullback or end of its stimulus program is seen as having considerably negative impacts on emerging countries including Korea as well as the global financial markets,\" the BOK said.   The BOK said that Korea needs to preemptively brace for uncertainty over policy direction by major economies. Korea should stably manage macroeconomic policies and boost the role of the market-oriented adjustment of the foreign exchange rate, the central bank said, adding that efforts to enhance the local FX and bond markets should be continued.  BOK Gov. Kim Choong-soo said earlier that uncertainty over policy actions in the U.S. and Japan is heightening the need to flexibly respond to the changing situations. The governor told lawmakers that the Korean economy is likely to grow 0.8 percent on-quarter in the second quarter after advancing 0.8 percent in the first quarter. \"(If the economy grows 0.8 percent on-quarter during the current quarter), the Korean economy may be able to grow near 3 percent (for the year),\" the governor said. Gov. Kim said last week that the BOK may revise up the 2013 growth estimate possibly to 2.8 percent from its current projection of 2.6 percent in July when it unveils revised growth outlook numbers. The BOK froze the key interest rate at 2.5 percent in June in a bid to assess the impacts of its surprise rate cut in May on the local economy.

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 korea\s central bank fed\s policy shift to have considerably negative impacts Arab Today, arab today korea\s central bank fed\s policy shift to have considerably negative impacts

 



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 korea\s central bank fed\s policy shift to have considerably negative impacts Arab Today, arab today korea\s central bank fed\s policy shift to have considerably negative impacts

 



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 Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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