[THE INVESTOR] In a widely expected move, the Bank of Korea on Sept. 9 held its policy rate steady at 1.25 percent for September, extending its wait-and-see mode for three straight months.
In June, the central bank made a surprise rate cut, citing a need to support the economy.
The country’s exports posted the first on-year rise in 20 months in August on the back of brisk demand for chips and flat displays. Outbound shipments came to US$40.1 billion last month, up 2.6 percent from the same month last year, according to government data.
(theinvestor@heraldcorp.com)
In June, the central bank made a surprise rate cut, citing a need to support the economy.
The country’s exports posted the first on-year rise in 20 months in August on the back of brisk demand for chips and flat displays. Outbound shipments came to US$40.1 billion last month, up 2.6 percent from the same month last year, according to government data.
(theinvestor@heraldcorp.com)