Posted inBeijingChinaJapanNorth KoreaNortheast AsiaSouth AsiaSouth KoreaWorld

Caught in China-US crossfire, Bank of Korea freezes rates

On November 29, Bank of Korea Governor Lee became the first major central banker in Asia to hike interest rates since 2011. It was a pivotal moment, a sign that efforts to normalize liquidity after the 2008 “Lehman shock” had begun in earnest. Lee also telegraphed more tightening moves to come. All that changed on Thursday. […]