Sunday, December 12, 2010

South Korea central bank to keep interest rates unchanged.

<P> Bank of Korea May 12 regular meeting held after the Monetary Board, announced the benchmark interest rate at the current 2% level. .This is the South Korean central bank kept the benchmark 15-month interest rates unchanged. .</ P> <P> by the international financial crisis, from October 2008 to February 2009, the central bank benchmark rates will be gradually reduced from 5.25% to 2% low. .Bank of Korea Governor Jin Zhongxiu the day that South Korea is improving the employment situation, the private sector to improve the most obvious, but construction employment remained sluggish. .He said the euro zone's economic difficulties can not be easily improved, the euro is unlikely to be strong. .</ P> <P> South Korean central bank also said that although the Korean economy is accelerating recovery, the external debt crisis in Europe and other uncertainties remain. .The bank forecasts economic growth in Korea this year will reach 5.2%, 4.6% higher than previously forecast. .</ P> <P> Seoul stock market reacted calmly to the central decision-making, the same day, the Seoul stock market composite index fell 7.21 points to close at 1663.03 points, down 0.43%. .</ P>.

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