A majority of bond experts in Korea expect the country's central bank to raise its policy interest rates next month along with the U.S. Federal Reserve's hawkish signal, a poll showed Tuesday.
The government must do its utmost to stimulate corporate activity through radical deregulations so that the economy does not run below the potential rate of 2 percent.
Korea will take pre-emptive measures to prevent market volatility in the wake of the Fed’s 75 basis point rate increase Wednesday, Finance Minister Choo Kyung-ho announced.
The Bank of Korea raised the base interest rate by a historic 50 basis points to 2.25 percent, the central bank announced Wednesday.
Korea JoongAng Daily Sitemap