South Korea’s central bank raises rates in a bid to boost the economy --[Reported by Umva mag]

SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt. The Bank of Korea lowered its key interest rate by a quarter percentage point to […]

Oct 11, 2024 - 03:33
South Korea’s central bank raises rates in a bid to boost the economy --[Reported by Umva mag]
SEOUL, South Korea (AP) -- South Korea's central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country's level of household debt. Read More




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