BSI declined to 68 in October.

By bne IntelliNews October 30, 2012
South Korea's business survey index (BSI) declined 1 point registering 68 in October this year, due to external uncertainties like Europe's debt problems and the potential United States (US) fiscal cliff. As reported by Indo-Asian News Service, the Bank of Korea (BOK) stated that it reduced the economic growth outlook to 2.4% for this year, as compared to the earlier projection of 3%. The central bank cut its policy rate by 25 basis points (bps) to 2.75% for the period.

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