Monday
January 20, 2020
Gangnam-gu, South Korea
Fine Dust :
Financial institutions must bolster their loss reserves and capital more than anything else.
The Bank of Korea is expected to put a pause on the policy rate increase next month following the Fed’s rate hike Wednesday that matched general market expectations.
Stocks bounced bounced back Wednesday following signs of slowing inflation in the United States.
But banks turned greedy again once they passed the storm.
Our financial authorities must not deviate from its focus on controlling inflation just because the base rate has been frozen.
The Bank of Korea kept the policy rate unchanged at 3.50 percent on Thursday.
Monetary policy needs to focus on stabilizing inflation this year, while policy needs to be introduced designed to respond to economic uncertainties, according to the Bank of Korea Tuesday.
Banks are lowering interest rates for loans and hiring more workers in response to government pressure.
Korean stocks and the won fell after a U.S. report that showed higher-than-expected inflation.
Korea JoongAng Daily Sitemap