Korea cuts for second time in a fortnight

Bank of Korea chopped a quarter-point off its key rate on Friday on signs of a further weakening in domestic economic activity.

Rates have now fallen by a full percentage point since 27 October, when the central bank made an emergency 75 basis-point cut.

The cut leaves the base rate at a two-year low of 4%.

"The domestic economic slowdown persists," the central bank said, justifying its decision to cut. The pace of export growth had declined owing to the weakening of global economy and

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: