South Korean central bank keep interest rates unchanged at 2.50%

  @ibtimes on

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.

Join the Discussion