South Korea's govenement might refrain from the key interest rate cut

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Source: Bloomberg
The Bank of South Korea might refrain from the key interest rate cut at the first meeting as the President Park Hye was elected. The Won, South Korea's currency, is the best performer among Asian currencies and that threatens for its export. A survey of Bloomberg, summarizing 10 economists' opinion, forecasts that borrowing cost will remain at 2.75% level on the meeting on 11th of January. The Won is up by 9.3% against the Dollar in the past year.
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Mon, 07 Jan 2013 16:16:04 GMT

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