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Author Topic: Poll expects South Korean banks to cut interest rates in the first half of this  (Read 1072 times)

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Poll expects South Korean banks to cut interest rates in the first half of this year

A survey by Yonhap Infomax, which asked 19 financial experts, said the Bank of Korea (BOK) may keep the policy rate this month. But will cut interest rates in the first half of this year To support the economy that was affected by Covid-19

9 experts believe the BOK will keep interest rates at the level of 1.25% at this week's meeting. The 10 experts believe that the BOK will cut interest rates next month, while 14 people expect the BOK to cut interest rates in the first half.

The BOK board will hold a policy meeting on Thursday. To discuss the overall economy of South Korea

For the latest movements The government of South Korea has announced the elevation of the threat of the covid-19 virus to the "red" level, the highest level. While the number of people infected in South Korea has now increased by 161, resulting in a total of over 760, the number of deaths has risen to 7.



 

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