South Korea may cut interest rates

Note: This section contains information in English only.
Source: Marketwatch
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. Currently, the bank is likely to focus on more growth-boosting strategies, said Kim Choong Soo, governor of the Bank of Korea. 
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