Bank of Korea Reveals Surprise Rate Cut as Trade Risks Escalate
Posted on 07/19/2019
In the midst of the U.S.-China trade war and the impact of Japan’s exports curbs, the Bank of Korea sliced the 7-day repurchase rate to 1.5% from 1.75%. The Bank of Korea Governor Lee Ju-yeol expects the economy to grow 2.2% this year, versus 2.5% in April 2019. This is the Bank of Korea’s first […]
