Prime minister raises issue of interest rates going up

Home > Business > Economy

dictionary

Prime minister raises issue of interest rates going up

Prime Minister Lee Nak-yon said Thursday it’s time to consider raising interest rates.

Lee made the remark during a parliamentary interpellation session, saying that unless rates are hiked, it could lead to capital flight and other problems.

“I agree that it’s time to think more seriously [about raising interest rates],” he said

Korea’s key interest rates fell to a record low of 1.25 percent in June 2016 before they were adjusted up to 1.5 percent last November.


Yonhap

More in Economy

Gov't creates new entity to buy commercial paper

Give away my free money? I don't think so.

Tax man turns attention to YouTube stars, influencers

An escalating retail crisis

Big properties unloaded by companies needing cash

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now