Arab Today, arab today south korea keeps key rate at 2 in november
Last Updated : GMT 00:17:13
Arab Today, arab today
Arab Today, arab today

South Korea keeps key rate at 2% in November

Arab Today, arab today

Arab Today, arab today South Korea keeps key rate at 2% in November

South Korean firms
Seoul - AFP

South Korea's central bank on Thursday kept the key interest rate unchanged at 2.0 percent for November, citing uncertainty over the modest recovery in the global economy and a weak yen.
The decision came after the Bank of Korea cut the overnight inter-bank lending rate twice in August and October.
The current 2.0 percent rate matches a record low last seen from February 2009 through June 2010, when Asia's fourth-largest economy was seeking to recover from the global financial crisis.
Signs of slowing growth posed an increasing challenge to Seoul policymakers, with a weak yen hurting the price competitiveness of South Korean firms against Japanese rivals in overseas markets.
In a statement, the BOK forecast that the global economy would "sustain its modest recovery going forward" but warned of destabilising variables like sluggishness in the eurozone and slowing growth in some emerging markets.
The central bank last month slashed its growth forecast for this year to 3.5 percent from 3.8 percent, following growth of three percent in 2013.
It also lowered the growth estimate for 2015 to 3.9 percent from four percent.
The central bank expects inflation to accelerate to 1.9 percent in 2014 following a 1.3 percent increase in 2013 -- the slowest for 14 years.

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 south korea keeps key rate at 2 in november Arab Today, arab today south korea keeps key rate at 2 in november

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
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 Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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