Korea Holds Rate, Sees Exports Emerging From Downtrend
The central bank of South Korea held its base rate steady at 2.75 percent, saying it expects global economic growth to be “very modest” going forward and the downside risks to growth are large due to the U.S. fiscal consolidation issues and Europe’s fiscal crises. But the Bank of Korea (BOK) [...]
The central bank of South Korea held its base rate steady at 2.75 percent, saying it expects global economic growth to be “very modest” going forward and the downside risks to growth are large due to the U.S. fiscal consolidation issues and Europe’s fiscal crises.
But the Bank of Korea (BOK) also said that Korea’s exports appeared to be emerging from their downtrend and consumption and investment had turned around and was starting to pick up while the number of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards