BOK freezes key rate at 2.75% for December.

By bne IntelliNews December 14, 2012
South Korea's Bank of Korea (BOK) held the key interest rate at 2.75%, keeping the benchmark seven-day repo rate unchanged for the second consecutive month in December this year, since the economy started showing signs of recovering. As reported by Agence France Presse, the economy grew 0.1% in the third quarter of the year and is likely to miss the annual growth target of 2.4% for this year. The government disclosed two stimulus packages worth USD 1.22bn since June.

BOK freezes key rate at 2.75% for December.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss