Bank of Korea – Monetary Policy Statement (February)
The Bank of Korea voted last Thursday to keep its benchmark base rate constant at 2%, citing lingering uncertainty in the strength of the recovery, the possibility of a debt default in Greece and persisting volatility in the stock markets and in exchange rates.
"Exports and domestic demand have steadily increased and production has advanced briskly. There still, however, remains uncertainty as to the economic growth path due to the risk of government debt crises in some European countries," a
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