South Korea cuts it benchmark interest rate

Note: This section contains information in English only.
Source: Bloomberg
The Bank of Korea decreased its interest rate for the first time since February 2009. Seven-day benchmark interest rate was cut by 0.25% to 3%. Moreover, bond prices jumped, leading to record low yield, therefore, bonds for June 2015 lost 0.23% and now have interest rate of 2.97%. The Won instantly fell against the US Dollar by 0.7% to KRW 1148.85 per USD. Governor Kim Choong Soo explained his decision of cutting the interest rate as a measure for boosting the economy while having modest effect on inflation.
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