South Korea's interest rate is steady at 2%

 @ibtimes
on April 08 2010 9:32 PM

The South Korean central bank decided to keep its 7-days repo rate steady at 2% during April. For the last 14 month the policy makers didn't change their decision, as today's decision came inline with analyst's forecasts.

The Central bank aims to work on stability of Korean economy before change the current monetary policy, while the bank also aims to work on stabilize the prices level, ensure the stability of the internal economic and not just depend on improvement of country's exports.

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