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SOUTH KOREA NEEDS TO MAINTAIN LOW INTEREST RATES: REGULATOR.
SEOUL, Dec 1 Asia Pulse - South Korea's financial regulator said Saturday the country needs to maintain low interest rates to help local companies withstand the global financial crisis.
"It's important to let interest rates remain low to prevent the financial crisis from spreading to the domestic economy," said Rhee Chang-yong, vice chairman of the Financial Services Commission.
In a keynote speech at a conference in Seoul, Rhee also warned that rising household debts will spark a crisis if interest rates rise.
The Bank of Korea is scheduled to review its monetary policy on December 11. The central bank has cut its key rate down to 4 per cent, a drop of 1.25 percentage points since ...
- South Korea's Interest Rates Edge Up Amid Stock Crash.
- News wire article from: YON - Yonhap News Agency of Korea May 17, 2004 700+ words
SEOUL, May 17 (Yonhap) -- South Korea's interest rates edged up while stock markets dived on Monday. The...percent. "Though bond market investors expected interest rates to reflect a drop in the stock market, the unusual...
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- News wire article from: AsiaPulse News May 10, 2007 700+ words
SEOUL, May 10 Asia Pulse - South Korea's central bank on Thursday retained its key interest rate for the ninth straight month in May as inflation remains benign amid...
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- Magazine article from: The Banker May 1, 2004 700+ words
...economic uncertainties in South Korea, coupled with political...facet of the riches in South Korea," comments Shin Dong...funds held by all of South Korea's lenders and makes...include record-low interest rates, currently standing...
- Freeing finance.(South Korea)
- Magazine article from: The Economist (US) June 3, 1995 700+ words
...industries at negative real interest rates. This loose-money policy made South Korea the only Asian tiger...inflation in check makes South Korea's interest rates punishingly high...10% in real terms. South Korea is therefore opening...
- Plastic bubble; South Korean consumers.(South Korea's borrowing...
- Magazine article from: The Economist (US) April 20, 2002 700+ words
...growth raises questions about South Korea's consumers and about the...will weigh even heavier if South Korea raises interest rates. The central bank's governor...rising strongly. Before long, South Korea's consumers will have to...
- South Korea urges banks to assist citizens in debt.
- News wire article from: Australasian Business Intelligence September 8, 2003 700+ words
...Street Journal - ABIX via COMTEX) The size of South Korea's consumer debt is holding back the nation...individual customers avoid personal bankruptcy. South Korea's low interest rates have caused a sharp rise in consumer debt over...
- South Korea agrees to ease bank barriers.
- Magazine article from: American Banker Kraus, James R. March 12, 1992 700+ words
...steadily leaning on South Korea and other countries...Tariffs and Trade. South Korea needs "to deregulate interest rates, lift foreign...U.S. banks' interest rates and credit supply...round of talks with South Korea. The talks, which...
- SOUTH KOREA-ECONOMY: IS SEOUL READY TO JOIN OECD'S ELITE CLUB?
- News wire article from: Inter Press Service English News Wire Magda Kowalzcuk November 7, 1996 700+ words
...month, to pave the way for South Korea's admission to the OECD...drawback, he says, is that South Korea would have to narrow its interest rates "but that is not a significant...Seoul are also upbeat about South Korea's joining of the OECD...
