Thu, 05 Jul 2012 10:16:41 GMT
South Korea may cut interest rates
As
Credit Suisse cited, the Central Bank in South Korea plans to lower the
interest rates during their administration session on July 12. The
consumer inflation slowed to annualized 2.2% last month after averaging at 5.3% in 2011. The
speculation about rate cuts appeared after previous meeting of the central bank
that resulted in no changes in the interest rates.