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Article: BRIEFING - ASIA BANKING - OCT 9, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on banking for Oct 9, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
BANK OF KOREA FREEZES KEY RATE FOR 8TH MONTH
SEOUL - South Korea's central bank froze its key interest rate for the eighth straight month on Friday as a nascent economic recovery has yet to prove sustainable amid tamed inflation.
In a monthly policy meeting, the Bank of Korea (BOK) left the benchmark seven-day repo rate unchanged at a record low of 2 per cent. The BOK lowered the rate by a total of 3.25 percentage points between October and ...