Posted inChina, Northeast Asia, South Asia, South Korea

Seoul holds rate for 11th month, slashes growth forecasts

The Bank of Korea kept its benchmark policy rate unchanged at 1.5% for the 11th straight month on Thursday, while also cutting its forecast for 2018 growth from 2.9% to 2.7%. The BOK decision and estimate came as a range of issues bear down on Asia’s fourth largest economy. Domestically, South Korea’s economic figures are looking […]