South Korean central bank keep interest rates unchanged at 2.50%

 @ibtimes on December 08 2010 9:15 PM

The central bank of South Korea announced today its decision regarding interest rates where the bank decided to set interest rates at 2.50% equivalent to expectations. The bank's decision came after the Korean currency rose to levels that caused a weakness in the country's exports thus slowing growth rates; forecasts refer to high inflation rates during the coming period which may force the bank to raise interest rates.

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