South Korea keeps interest rate on hold

Note: This section contains information in English only.
Source: Marketwatch
The Bank of Korea announced holding the key interest rate unchanged at 3% for the second consecutive month. Analysts of the bank expect consumer price increase in coming month due to recent typhoon and higher oil and grain prices in the world market. However, these factors keep inflation in the target bands of 2% and 4% and bank's analysts consider the recent government spending expansion as an adequate prevention from the economic slowdown for the current moment.
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Thu, 13 Sep 2012 06:27:49 GMT

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