Arab Today, arab today appropriate level of south koreas key interest rate
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Appropriate level of South Korea's key interest rate

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Arab Today, arab today Appropriate level of South Korea's key interest rate

Korean bank
Sejong - Yonhap

The appropriate level of South Korea's key interest rate is in the 1 percent range, a research report showed Sunday, suggesting that the central bank has more leeway to further lower the borrowing cost following a recent rate cut.
According to the report by the Hyundai Research Institute, the country's appropriate benchmark interest rate, based on the Taylor Rule, was 1.76 percent as of the second quarter this year.

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